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Carters - CRI STOCK NEWS

Welcome to our dedicated page for Carters news (Ticker: CRI), a resource for investors and traders seeking the latest updates and insights on Carters stock.

Overview of Carter's Inc (CRI)

Carter's Inc has established itself as a cornerstone of the childrenswear industry since its founding in 1865. Known for its iconic brands, Carter's and OshKosh B'gosh, the company stands as the largest branded marketer of baby and children's apparel in the United States. Through decades of dedication to quality, innovation, and value, Carter's has developed a reputation for producing apparel that resonates with generations of families. Its offerings not only provide style and comfort but also reflect a deep understanding of the evolving needs of children and their parents.

Business Model and Operations

The company operates a diversified business model that extends across several channels, each carefully designed to maximize consumer reach and operational efficiency. Carter's utilizes a robust multi-channel approach that includes:

  • U.S. Retail: Brick-and-mortar outlets and partnered retail locations enable direct consumer interaction and brand experience.
  • U.S. Wholesale: As the primary revenue driver, its wholesale channel ensures that products are available in mass-market retail outlets across the nation.
  • International Markets: Through a blend of eCommerce and targeted wholesale networks, the company reaches customers beyond North America, supported by efficient distribution in Canada and Asia.

The integration of traditional retail with modern digital channels showcases Carter's commitment to a seamless omnichannel experience, ensuring that its high-quality products are accessible to a broad spectrum of consumers. This dynamic approach also reflects the company’s ability to adapt to changing market trends while maintaining its core values of quality and innovation.

Supply Chain and Distribution Strategy

Carter's Inc maintains a sophisticated supply chain management system that is pivotal to its operations. The majority of its products are sourced via contract manufacturers in Asia, enabling the company to benefit from global production efficiencies while upholding quality standards. The firm operates multiple distribution centers in the United States, supplemented by key distribution hubs in Canada and Asia. This well-organized network not only supports its international retail capabilities but also ensures that inventory is managed effectively, and products are delivered promptly across various markets.

Brand Heritage and Market Position

At the heart of Carter's success is its enduring brand heritage. Having earned the trust of families over many decades, the company leverages its brands to create a lasting emotional connection with consumers. The emphasis on robust quality control, innovative design, and consistent value has positioned Carter's as a trusted retailer within a competitive industry. The brand equity built over generations is a key differentiator in an environment where consumer expectations are continually rising, setting a benchmark for both quality and reliability in childrenswear.

Industry Dynamics and Competitive Landscape

Operating at the intersection of fashion and functional apparel, Carter's navigates a highly competitive landscape that encompasses both established retailers and new entrants in the children's apparel market. The company differentiates itself through a combination of long-term brand trust and strategic supply chain management. Its deep-rooted expertise is reflected in every aspect of its operations—from product design to the sophisticated deployment of its distribution network. By effectively balancing traditional retail strengths with the agility of an omnichannel approach, Carter's remains a formidable presence in the market.

Quality, Innovation, and Consumer Focus

Carter's is driven by a commitment to innovation in design and quality assurance that continues to influence product development. The meticulous attention to detail has not only set high standards within the market but also ensured that the company’s offerings are both functional and stylish. This adaptability has allowed the company to evolve with consumer needs while staying true to its heritage of excellence. By continuously investing in advanced retail technologies and supply chain efficiencies, Carter's reinforces its position as a forward-thinking entity, without compromising on the trusted values that have defined its legacy for over a century.

Market Influence and Strategic Insights

In an era characterized by rapid changes in consumer behavior and technological advancements, Carter's remains a fundamental study in the sustained power of brand legacy combined with modern retail strategies. Investors and market analysts often cite the company's strategic ability to integrate physical retail with online platforms as a key factor in its enduring success. The company’s meticulous operational planning, strategic sourcing, and distribution strategies collectively contribute to its resilient market presence. This comprehensive, integrated approach has allowed Carter's to consistently cater to both established and emerging markets, thereby solidifying its influence in the apparel industry.

Conclusion

Overall, Carter's Inc exemplifies how a historically rich brand can evolve into a modern, multifaceted business model. Through a balanced mix of retail strategies, innovative supply chain management, and unwavering commitment to quality, the company maintains its position as a trusted provider of baby and children's apparel. The integration of diverse market channels and advanced distribution networks underscores its adaptability and expertise, reflecting a business model that remains robust despite the complexities of a competitive industry.

Rhea-AI Summary

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.

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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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Carter's, Inc. (NYSE:CRI) reported its Q2 fiscal 2024 results, achieving sales and earnings objectives despite a challenging market environment. Key highlights include:

- Net sales of $564 million, down from $600 million in Q2 2023
- Operating margin improved to 7.0% from 6.3% in Q2 2023
- Diluted EPS increased to $0.76 from $0.64 in Q2 2023
- Returned $54 million to shareholders through dividends and share repurchases in Q2

The company faced a slow start in April but saw improved sales trends in subsequent months. Carter's achieved a record gross profit margin, reflecting strong product offerings and lower costs. The company ended the quarter with a higher cash balance and over $1 billion in liquidity.

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Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced its plans to release second quarter fiscal 2024 results on Friday, July 26, 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 provide a business outlook. Investors and analysts can access the live webcast and presentation materials through the company's investor relations website. For those wishing to join via phone, pre-registration is required through a provided link. A replay of the webcast will be available shortly after the call concludes.

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Carter’s (NYSE: CRI), North America's largest marketer of apparel for babies and young children, announced its participation in the Evercore ISI Consumer and Retail Conference. The event, which includes a virtual fireside chat, will take place on June 12, 2024, at 11:00 a.m. EDT. A live webcast of the session will be accessible via the company's Investor Relations section on its website.

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Carter’s (NYSE: CRI), the largest branded marketer of young children’s apparel in North America, has released its fourth annual Raise the Future Impact Report. This report highlights the company's achievements and commitments in the areas of product sustainability, environmental footprint reduction, and community support.

Key achievements include over 40% of cotton and recycled polyester being sustainable, nearly 100% of apparel certified by OEKO-TEX® STANDARD 100, a 26% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, and a 30% decrease in virgin plastic packaging. Additionally, Carter’s and its charitable foundation have invested over $8 million in community initiatives, and diversity in leadership roles has increased to over 20% and 25% for Vice Presidents and District Store Managers, respectively.

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Today, Carter’s announced a quarterly dividend of $0.80 per share. This dividend will be paid on June 7, 2024, to shareholders who are on record as of May 28, 2024.

Future dividends will be determined by the Board of Directors based on the company's financial performance and other considerations.

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Carter’s, Inc. reported first quarter fiscal 2024 results with net sales of $661 million, diluted EPS of $1.04, and adjusted diluted EPS of $0.98. The company returned $38 million to shareholders through dividends and share repurchases. Despite a decrease in net sales compared to Q1 2023, Carter's CEO remains optimistic, citing strong relationships with major retailers and innovative product offerings. The company expects growth in sales and earnings for the full year fiscal 2024.
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Carter’s, Inc. (NYSE:CRI) will announce its first quarter fiscal 2024 results on April 26, 2024. The company, a leading marketer of baby and children's apparel in North America, will hold a conference call at 8:30 a.m. Eastern Daylight Time to discuss the results and business outlook.
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Carter’s, Inc. partners with Boys & Girls Clubs of America to support early childhood education and literacy through a $1 million donation and 50,000 volunteer hours. The partnership focuses on children ages 0-5 and aims to provide cognitive and skill development, as well as a literacy program for children ages 6-9.
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FAQ

What is the current stock price of Carters (CRI)?

The current stock price of Carters (CRI) is $35.57 as of April 3, 2025.

What is the market cap of Carters (CRI)?

The market cap of Carters (CRI) is approximately 1.3B.

What is the core business of Carter's Inc?

Carter's Inc is focused on designing and marketing baby and children's apparel through its well-known brands, Carter's and OshKosh B'gosh. The company leverages a multi-channel model that spans retail, wholesale, and eCommerce to reach a broad consumer base.

How does Carter's Inc generate most of its revenue?

The majority of Carter's revenue is generated through its U.S. wholesale segment, which supplies its products to various retail outlets. This channel, along with retail and digital platforms, forms the backbone of its diversified business model.

What is unique about Carter's multi-channel business model?

Carter's integrates traditional brick-and-mortar retail with digital eCommerce capabilities and robust wholesale channels, ensuring a seamless consumer experience and effective market coverage both domestically and internationally.

How does Carter's Inc manage its supply chain?

The company predominantly sources its products through established contract manufacturers in Asia, supported by multiple distribution centers in the U.S., Canada, and Asia. This approach helps maintain efficient inventory management and quality control.

What role does brand heritage play at Carter's Inc?

With a history dating back to 1865, brand heritage is a critical element for Carter's. The enduring popularity of Carter's and OshKosh B'gosh has built a level of trust among consumers that few companies in the childrenswear industry can match.

How is Carter's positioned against its competitors?

Carter's stands out by combining a legacy of trusted quality with modern retail strategies and efficient supply chain management. This balance enables the company to differentiate itself in a competitive environment while continuously meeting consumer expectations.
Carters

NYSE:CRI

CRI Rankings

CRI Stock Data

1.35B
34.80M
2.87%
121.85%
13.63%
Apparel Retail
Apparel & Other Finishd Prods of Fabrics & Similar Matl
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