Carters Stock Price, News & Analysis

Carter's (NYSE: CRI), North America's leading children's apparel company, has released its fifth annual Raise the Future Impact Report for 2024. The report highlights significant sustainability achievements, including 99% of apparel products meeting OEKO-TEX STANDARD 100 for chemical safety and over 60% of product packaging now using recycled content. The company has invested nearly $35 million in corporate philanthropy since 2021 and launched initiatives like KIDCYCLE for clothing recycling. Carter's received multiple sustainability recognitions, including spots on TIME's World's Most Sustainable Companies list and Newsweek's America's Most Responsible Companies. The company also sponsored water filtration projects in India and Vietnam, benefiting over 5,000 children and community members, and maintained its EPA Green Power Partner status for the second year.

Carter's sustainable brand Little Planet (NYSE: CRI) has partnered with Once Upon a Farm for a limited-edition summer collaboration called 'It's All Peachy.' The partnership combines Little Planet's GOTS-certified organic cotton peach-print clothing line with Once Upon a Farm's Peach Fruit & Veggie Blend and Peach Sunrise Dairy-Free Smoothie products. The clothing collection includes peach-themed bodysuits and sleep & play sets for newborns to 24M and two-piece pajamas for newborn to 5T sizes. This collaboration brings together two brands focused on sustainability and family wellness, offering parents environmentally conscious choices for both children's clothing and nutrition.

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.

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.