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Carter's Inc (NYSE: CRI), the leading designer and marketer of children's apparel in North America, provides investors and industry professionals with timely updates through this dedicated news hub. Track official press releases, financial disclosures, and strategic announcements from the company behind Carter's and OshKosh B'gosh brands.
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Carter's Inc. (NYSE:CRI), North America's largest children's apparel company, reported Q2 2025 results with net sales of $585.3 million, up 3.7% from Q2 2024. Despite sales growth, profitability declined significantly with diluted EPS dropping to $0.01 from $0.76 year-over-year. Adjusted EPS was $0.17.
Under new CEO Douglas Palladini's leadership, the company saw positive momentum in direct-to-consumer businesses, with U.S. Retail comparable sales up 2.2%. However, operating income decreased 89.7% to $4.0 million, impacted by pricing investments, store investments, and higher tariffs. The company returned $38.1 million to shareholders through dividends in H1 2025.
Carter's faces significant challenges from proposed new tariffs, which could impact earnings by $125-150 million annually. The company has suspended its fiscal 2025 guidance due to leadership transition and tariff uncertainties.
Carter's Inc. (NYSE:CRI), North America's leading children's apparel company, has scheduled its second quarter fiscal 2025 earnings release for Friday, July 25, 2025, before market opening.
The company will host a conference call at 8:30 a.m. EDT to discuss results and provide business updates. Investors can access the live webcast and presentation materials through the company's investor relations website. A replay will be available after the call.
Carter's (NYSE:CRI), North America's leading children's apparel company, has launched Otter Avenue™, a new toddler-focused brand designed to empower young children to dress independently. The brand combines trend-forward designs with practical features like oversized buttons and front-back labels, making it easier for toddlers to dress themselves.
The collection features five signature styles with prices starting at $10, offering premium style at accessible price points. To celebrate the launch, Carter's is hosting a pop-up experience in Williamsburg, Brooklyn, featuring the Otter Avenue™ School Bus with interactive activities and giveaways.
Carter's Inc. (NYSE: CRI) announced significant changes to its capital allocation strategy and dividend policy. New CEO Doug Palladini, who joined in April, plans to present a strategic growth plan during the Q2 earnings call this summer. The company declared a reduced quarterly dividend of $0.25 per share, payable on June 20, 2025, to shareholders of record as of June 2, 2025.
The dividend reduction comes as Carter's anticipates making strategic investments while facing challenges including potential higher product costs due to proposed U.S. import tariffs. Despite maintaining strong cash position and liquidity, the company noted that the previous dividend level was misaligned with current profitability in the challenging market environment.
Carter's Inc. (NYSE:CRI) reported Q1 2025 financial results showing declining performance. Net sales decreased 4.8% to $630 million from $661 million in Q1 2024. Diluted EPS fell to $0.43 from $1.04, while adjusted EPS was $0.66.
The company experienced challenges across all segments: U.S. Wholesale (-5.3%), U.S. Retail (-4.3%), and International (-4.9%). Operating income decreased 52.6% to $26.1 million, with operating margin declining to 4.1% from 8.3%. The company returned $29 million to shareholders through dividends but conducted no share repurchases.
Under new CEO Douglas C. Palladini, who joined in April 2025, Carter's has suspended forward guidance due to leadership transition and tariff uncertainty. The company cited macroeconomic headwinds including inflation, high interest rates, and declining consumer confidence as factors impacting demand.
Carter's Inc (NYSE: CRI), North America's leading children's apparel company, has announced it will release its first quarter fiscal 2025 financial results on Friday, April 25, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Daylight Time to discuss the results and provide a business update. Investors can access the live webcast and presentation materials through the company's investor relations website at ir.carters.com under the 'News & Events' section.
Carter's Inc (NYSE: CRI) has appointed Douglas C. Palladini as Chief Executive Officer and President, effective April 3, 2025. Palladini will also join the Board of Directors. With over three decades of senior leadership experience, he previously served as Global Brand President of Vans, where he:
- Doubled global revenue to over $4.2 billion in less than six years
- Expanded product assortment across 100+ countries
- Elevated apparel and accessories to nearly 20% of sales
- Boosted eCommerce sales across all regions
As CEO of North America's leading baby and children's apparel company, Palladini will focus on expanding Carter's direct-to-consumer and wholesale businesses, driving consumer loyalty, enhancing competitiveness, and extending international reach.
Carter's Inc. (NYSE: CRI) has launched its first-ever capsule collection in collaboration with social media sensation Baby Kate, whose TikTok videos have garnered over 85 million views. The Spring Break Collection features vacation-ready apparel curated by Baby Kate, incorporating pieces from Carter's house of brands.
The collection includes Nautical and Boho swimwear with UPF 50+ protection, layering knits, and matching sets. Designed with practical features like snaps, zippers, and elastic for easy changes, the collection combines style with functionality. The line focuses on providing fashion-forward yet practical styles for young children, from beach wear to everyday outfits.
According to Kendra Krugman, Senior Executive Vice President, Chief Creative & Growth Officer at Carter's, the collection aims to deliver stylish, high-quality apparel at competitive prices, catering to families preparing for spring and summer travel.