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About Carter's, Inc. (CRI)
Carter’s, Inc. (NYSE: CRI) is a leading American company specializing in the design, marketing, and distribution of baby and children’s apparel. Founded in 1865, Carter’s has built a legacy of trust, quality, and value, making it one of the most recognized names in the children’s clothing industry. The company operates under two iconic brands: Carter’s and OshKosh B’gosh, both synonymous with durable, stylish, and affordable children’s wear. These brands have become staples for families across generations, offering a wide range of products designed to meet the needs of infants, toddlers, and young children.
Business Model and Revenue Streams
Carter’s employs a multi-channel business model to reach its customers, enabling it to maintain a strong presence both online and offline. The company’s operations are divided into three primary segments:
- U.S. Retail: Carter’s operates hundreds of retail stores across the United States, offering a curated shopping experience for families. The retail segment also includes the company’s robust eCommerce platform, which provides customers with the convenience of shopping from home while accessing exclusive online promotions and products.
- U.S. Wholesale: A significant portion of Carter’s revenue is derived from its wholesale operations, where the company supplies its products to major retailers and department stores. This segment allows Carter’s to extend its reach to a broader audience through established retail partnerships.
- International: Carter’s has expanded its footprint beyond the U.S. through international wholesale partnerships, eCommerce, and retail stores in Canada and other regions. This segment underscores the company’s commitment to serving a global customer base.
The company’s multi-channel strategy is further enhanced by its omnichannel capabilities, which integrate online and offline shopping experiences. For example, customers can order products online and pick them up in-store, or return items purchased online at a physical location, offering unparalleled convenience.
Operations and Supply Chain
Carter’s sources its products primarily through contract manufacturers in Asia, ensuring cost efficiency while maintaining high-quality standards. The company operates multiple distribution centers in the United States, Canada, and Asia, which play a critical role in fulfilling customer orders and managing inventory. This extensive supply chain network enables Carter’s to deliver products efficiently to both domestic and international markets.
Competitive Landscape
In the highly competitive children’s apparel market, Carter’s differentiates itself through its enduring brand reputation, extensive product offerings, and multi-channel distribution strategy. Key competitors include other children’s clothing brands and general apparel retailers that offer children’s lines. Carter’s focus on quality, innovation, and affordability gives it a competitive edge, while its long-standing heritage fosters customer loyalty.
Market Significance
As the largest branded marketer of baby and children’s clothing in the United States, Carter’s holds a unique position in its industry. Its ability to consistently deliver value to customers while adapting to changing market dynamics underscores its significance in the retail and apparel sectors. The company’s commitment to quality and innovation ensures its continued relevance in the lives of families worldwide.
Conclusion
Carter’s, Inc. exemplifies a well-rounded business model that leverages its iconic brands, multi-channel distribution, and global reach to maintain its leadership in the children’s apparel market. With a legacy spanning over 150 years, the company continues to be a trusted name for families seeking reliable, stylish, and affordable clothing for their children.
Carter's, Inc. (NYSE:CRI) reported fourth quarter fiscal 2024 results with net sales of $860 million, slightly up from $858 million in Q4 2023. The company saw a decreased operating margin of 9.7% (vs 15.9% in Q4 2023) and adjusted operating margin of 13.4%. Diluted EPS was $1.71, including a $0.63 non-cash charge related to OshKosh tradename impairment, down from $2.90 in Q4 2023.
For fiscal year 2024, net sales were $2.844 billion (down 3.4% from 2023), with operating margin at 9.0% and adjusted operating margin at 10.1%. The company generated $299 million in operating cash flow and returned $167 million to shareholders through dividends and share repurchases.
Looking ahead to fiscal 2025, Carter's projects net sales of $2.780-$2.855 billion, adjusted operating income of $180-$210 million, and adjusted diluted EPS of $3.20-$3.80. The company ended 2024 with over $1 billion in total liquidity, providing flexibility to manage through uneven consumer demand.
Carter's Inc (NYSE: CRI), North America's leading company in baby and children's apparel, has announced it will release its fourth quarter and fiscal year 2024 financial results on Tuesday, February 25, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Standard Time to discuss results and business outlook.
Investors can access the live webcast and presentation materials through the company's investor relations website. A replay of the webcast will be available shortly after the call concludes.
Carter's (NYSE: CRI) has unveiled its Spring and Summer 2025 collections, featuring runway-inspired, affordable children's apparel. The new collection combines fashionable trends with practical, comfortable designs for babies and young children.
The collection includes several key lines: The City Collection featuring PurelySoft™ travel-inspired sleepwear; Sailor Core with nautical-inspired looks; 90s Coded featuring retro styles with modern twists; Totally Knit offering lightweight transitional knitwear; and Boho Era showcasing dusty rose and desert hues with bohemian influences.
According to Kendra Krugman, SVP and Chief Creative & Growth Officer, the collections respond to parents' demand for affordable, trendy children's clothing that aligns with their personal style preferences while maintaining practicality for daily wear.
Carter's Inc. (NYSE: CRI) announced the retirement of Michael D. Casey as Chairman and CEO after over 15 years in the role and more than 30 years with the company. Richard F. Westenberger has been appointed interim CEO while maintaining his position as Senior Executive Vice President, CFO & COO. William J. Montgoris, Lead Independent Director, becomes Non-Executive Chairman of the Board.
Casey will serve in an advisory capacity until February 28, 2025, to support the transition. The Board has initiated a comprehensive external search for a new CEO with assistance from Egon Zehnder. The company has reaffirmed its previously disclosed financial outlook for fiscal year 2024, with fourth quarter and full-year results expected in February.
Carter's (NYSE:CRI) has announced a quarterly dividend of $0.80 per share. The dividend will be paid on December 6, 2024, to shareholders recorded as of November 25, 2024. The Board of Directors will determine future quarterly dividends based on various factors, including the company's financial performance.
Carter's Inc. (NYSE: CRI) has appointed singer and actress Chloe Bailey as their first-ever S'Auntie Claus for a new holiday marketing campaign. The initiative includes a contest where fans can submit children's letters to S'Auntie Claus for a chance to win one of ten $500 Carter's gift cards. The contest runs until November 29, 2024, with winners announced on December 3, 2024.
Bailey has curated a selection of products from Carter's brands, including Carter's, OshKosh B'gosh, Little Planet, and Skip Hop, available on their website. The campaign aims to celebrate aunts and aunt-figures while promoting holiday shopping.
Carter's (NYSE:CRI) reported Q3 2024 results with net sales of $758 million, down from $792 million in Q3 2023. Operating margin decreased to 10.2% from 11.8%, while diluted EPS fell to $1.62 from $1.78. The company returned $138 million to shareholders through dividends and share repurchases. Despite challenging market conditions, Carter's reaffirmed its fiscal 2024 outlook with projected net sales of $2.785-2.825 billion and raised its adjusted diluted EPS outlook to $4.70-5.15. The company initiated a $50 million investment plan, allocating $40 million for competitive pricing and $10 million for brand marketing in the second half of the year.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced it will release its third quarter fiscal 2024 results on Friday, October 25, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Daylight Time to discuss the results and business outlook.
Interested parties can access the live webcast and presentation materials through the company's investor relations website at ir.carters.com. To join the call by phone, preregistration is required via a provided link. A webcast replay will be available shortly after the call concludes on the same investor relations website.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The company will engage in a fireside chat on September 4, 2024, at 8:15 a.m. EDT in New York City. Investors and interested parties can access a live webcast of the discussion through the Investor Relations section of Carter's website at ir.carters.com. This event provides an opportunity for Carter's to share insights into its business strategies and market position with industry analysts and investors.
Carter's, Inc. (NYSE: CRI) has announced a quarterly dividend of $0.80 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on August 27, 2024. The Board of Directors made this declaration, emphasizing that future quarterly dividend declarations and the establishment of record and payment dates will be at their discretion. These decisions will be based on various factors, including the company's future financial performance and other considerations.
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