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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), North America's largest marketer of baby apparel, announces the launch of a limited-edition Spring capsule collection in collaboration with Hilary Duff. The collection features stylish and practical clothing for babies, utilizing lightweight fabrics in neutral tones and an exclusive spring signature print. Following the success of the first capsule, which sold out quickly, this new line offers apparel and accessories including athleisure sets, woven tops, swimwear, and more, priced between $10.00 and $22.00. The collection is available online and in select stores starting February 21.
Carter’s, Inc. (NYSE:CRI), the largest branded marketer of apparel for babies and young children in North America, will announce its fourth quarter and fiscal year 2022 results on February 24, 2023, before market opens. A conference call to discuss these results and future outlook is scheduled for 8:30 a.m. EST on the same day. Investors can access the call via webcast at ir.carters.com. The Company operates approximately 970 stores in the U.S., Canada, and Mexico, selling its well-known brands, Carter’s and OshKosh B’gosh, among others.
The Board of Directors of Carter’s (NYSE: CRI) has declared a quarterly dividend of $0.75 per share, payable on December 9, 2022, to shareholders on record as of November 29, 2022. These dividends will be determined at the Board's discretion based on future financial performance and other factors. Carter’s is North America’s largest branded marketer of apparel exclusively for babies and young children, with well-known brands like Carter’s and OshKosh B’gosh, sold through 970 stores across the U.S., Canada, and Mexico.
Carter’s, Inc. (NYSE: CRI) reported third quarter fiscal 2022 net sales of $819 million, an 8.1% decline from the previous year, driven by a 12.3% drop in U.S. Retail. Operating income fell to $92 million from $124 million, with diluted EPS at $1.67, down from $1.93. The fiscal 2022 outlook projects net sales between $3.145 billion and $3.185 billion and adjusted diluted EPS of $6.05 to $6.65. Inflation and supply chain issues continue to impact demand, prompting a wide forecast range for Q4.
Carter's, Inc. (NYSE: CRI), North America's largest marketer of apparel for babies and young children, will announce its third quarter fiscal year 2022 results before the market opens on October 28, 2022. A conference call to discuss these results and future business outlook will take place at 8:30 a.m. EDT the same day. Investors can access the live webcast and presentation materials via Carter's Investor Relations. The company operates brands such as Carter’s and OshKosh B’gosh, with substantial distribution across North America.
Carter's, Inc. (NYSE: CRI) announces the launch of the Hilary Duff x Carter's collection, their first collaboration with actress and Chief Mom Officer Hilary Duff. This limited-edition collection includes stylish and comfortable apparel for babies, priced from $12 to $24 and available starting September 21 online and in stores by early October. The collection features versatile pieces for infants aged 0-24 months, designed for convenience and style. A second collection is expected in early 2023.
Carter’s, Inc. (NYSE:CRI), a leading marketer of baby and children's apparel, will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 8:05 a.m. EDT. The discussion will be webcast live through the company's Investor Relations website. Carter’s, known for brands like Carter’s and OshKosh B’gosh, operates approximately 970 stores across the U.S., Canada, and Mexico, and sells products online. More details are available at the company's website.
The Board of Directors of Carter’s (NYSE: CRI) has declared a quarterly dividend of $0.75 per share, to be paid on September 16, 2022. Shareholders on record as of September 2, 2022 will receive this dividend. The decision for future dividends will depend on various factors, including the Company’s financial performance. Carter’s is a leading marketer of baby and children’s apparel in North America, owning brands such as Carter’s and OshKosh B’gosh.
Inception Fertility and Carter's, Inc. have partnered to launch A Dream Come True, an initiative aimed at supporting aspiring parents facing infertility challenges. This program raises awareness about financial accessibility to fertility treatments and offers a chance to win a free fertility journey through a sweepstakes running from August 1 to August 31, 2022. The initiative reflects Inception's commitment to destigmatizing infertility and enhancing patient care, providing resources and support to help families realize their dreams of parenthood.
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