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Carter's Inc. - CRI STOCK NEWS

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

Carter’s Inc. (CRI) is a prominent name in the baby and children’s clothing industry, with a storied history dating back to 1865. As the largest branded marketer in its sector within the United States, Carter’s markets apparel under two of the best-known and enduring brands in the nation: Carter’s and OshKosh B’gosh. Known for their commitment to quality, innovation, and value, these brands have garnered the trust of generations of families.

Carter's Inc. operates via a multi-channel business model encompassing retail stores, eCommerce, and wholesale sales channels. Additionally, its retail omnichannel capabilities extend throughout the United States and Canada, allowing it to cater to a diverse global customer base. The company is structured into three primary segments: U.S. Retail, U.S. Wholesale, and International.

Most of the company's revenues are generated in the U.S., primarily through the Carter’s brand. The company sources a significant portion of its products through contract manufacturers located in Asia and maintains multiple distribution centers across the U.S., Canada, and Asia to efficiently serve its customer base.

Recent achievements and current projects include expanding their eCommerce platform to enhance customer experience and investing in sustainable practices to meet growing consumer demand for environmentally friendly products.

For the latest updates, financial reports, and news about Carter’s Inc., stay tuned to our updates and gain insights into the company’s performance and strategic developments.

News

Carter’s, Inc. Announces Quarterly Dividend

Rhea-AI Summary

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. Reports First Quarter Fiscal 2024 Results

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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. to Report First Quarter Fiscal 2024 Results on Friday, April 26, 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. Announces Multi-Year Partnership with Boys & Girls Clubs of America to Advance Early Childhood Education and Literacy

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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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Carter’s, Inc. Announces Participation at the BofA Securities 2024 Consumer and Retail Conference

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Carter’s, Inc. (NYSE:CRI) will participate in a fireside chat at BofA Securities 2024 Consumer and Retail Conference. The event will take place on March 13, 2024, at 8:00am EDT. A live webcast can be accessed on the Company's Investor Relations website.
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Carter’s, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

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Carter’s, Inc. (NYSE:CRI) reports fourth quarter and fiscal year 2023 results with net sales of $858 million, operating margin at 15.9%, and diluted EPS of $2.90 for Q4. Fiscal year 2023 net sales were $2.9 billion with operating margin at 11.0% and diluted EPS of $6.24. The company anticipates low single-digit growth in net sales for fiscal year 2024.
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Carter’s, Inc. to Report Fourth Quarter and Fiscal Year 2023 Results on Tuesday, February 27, 2024

Rhea-AI Summary
Carter’s, Inc. (NYSE:CRI) will announce its Q4 and FY 2023 results on February 27, 2024, followed by a conference call. Investors can access the webcast and presentation materials on ir.carters.com or join via phone with preregistration.
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Carter’s, Inc. Announces Leadership Changes

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Carter’s, Inc. (NYSE: CRI) announced that President & Chief Operating Officer Brian J. Lynch will retire effective March 1, 2024, and will support the planned transition in leadership through February 2025. Kendra D. Krugman will become Chief Creative and Growth Officer, and Richard F. Westenberger will assume additional responsibilities of Chief Operating Officer. Krugman and Westenberger are proven, experienced leaders who will continue to lead the Company's product design, merchandising, and retail teams, and supply chain operations, respectively.
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Carter’s and Shipt Expand Partnership to Bring Same-Day Delivery with a Personal Touch to Consumers During the Busy Holiday Season

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Shipt (NYSE: CRI) partners with Carter's, Inc. to offer same-day delivery of baby and children’s apparel in markets nationwide. This partnership aims to bring convenience and time-saving opportunities to Carter’s customers during the holidays with the speed of delivery through Shipt. Consumers will now be able to access all of Carter’s brands from the Shipt Marketplace, in addition to the Carter’s app, for same-day delivery of apparel and other family needs to markets across the country, including Atlanta, Chicago, Dallas, Los Angeles, Miami, New York, and more, all powered by Shipt’s reliable shopper network.
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Carter’s, Inc. Announces Quarterly Dividend

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Carter’s, Inc. (NYSE:CRI) Declares Quarterly Dividend of $0.75 per Share
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FAQ

What is the current stock price of Carter's (CRI)?

The current stock price of Carter's (CRI) is $53.97 as of November 22, 2024.

What is the market cap of Carter's (CRI)?

The market cap of Carter's (CRI) is approximately 1.9B.

What does Carter’s Inc. specialize in?

Carter’s Inc. specializes in baby and children’s clothing, marketed under the brands Carter’s and OshKosh B’gosh.

How does Carter’s Inc. distribute its products?

Carter’s Inc. distributes its products through retail stores, eCommerce, wholesale, and omnichannel capabilities in the U.S. and Canada.

What are the primary segments of Carter’s Inc.?

The primary segments of Carter’s Inc. are U.S. Retail, U.S. Wholesale, and International.

Where does Carter’s Inc. source its products?

Carter’s Inc. sources its products predominantly through contract manufacturers in Asia.

What recent achievements has Carter’s Inc. made?

Recent achievements include expanding their eCommerce platform and investing in sustainable practices.

Where are Carter’s Inc.'s distribution centers located?

Carter’s Inc. has distribution centers in the U.S., Canada, and Asia.

How old is Carter’s Inc.?

Carter’s Inc. has been in operation since 1865.

What makes Carter’s Inc. a trusted brand?

Carter’s Inc. is trusted for its heritage of quality, innovation, and value.

What percentage of Carter’s Inc.'s sales are in the U.S.?

A majority of Carter’s Inc.'s sales are based in the U.S.

Which brands does Carter’s Inc. market?

Carter’s Inc. markets apparel under the brands Carter’s and OshKosh B’gosh.

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Carter's Inc.

NYSE:CRI

CRI Rankings

#2022 Ranked by Market Cap
#443 Ranked by Dividends

CRI Stock Data

1.93B
34.94M
2.71%
113.22%
14.28%
Apparel Retail
Apparel & Other Finishd Prods of Fabrics & Similar Matl
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