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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.
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.
Carter’s, Inc. (NYSE: CRI) has released its annual Corporate Social Responsibility (CSR) Report, emphasizing its dedication to Environmental, Social, and Governance (ESG) issues. The report outlines significant strides in enhancing community impact, achieving sustainability, and promoting diversity. Key commitments include investing $10 million in community initiatives, pledging to support 10 million families by 2030, and targeting Net-Zero emissions by 2040. Additionally, Carter’s aims to reduce greenhouse gas emissions by 50% by 2030 and expand its sustainable product line, notably the eco-friendly Little Planet brand.
Carter's, Inc. (NYSE:CRI) reported Q2 fiscal 2022 net sales of $701 million, a 6.1% decline year-over-year. Diluted EPS was $0.93, with adjusted diluted EPS at $1.30. The company returned $132 million to shareholders through buybacks and dividends in Q2. For fiscal 2022, Carter's expects net sales of approximately $3.25 billion to $3.30 billion and adjusted EPS between $7.10 and $7.60. CEO Michael D. Casey noted that reduced government stimulus and rising inflation have impacted consumer demand. The company plans to focus on inventory management and direct-to-consumer strategies.
Carter’s, Inc. (NYSE: CRI), a leading marketer of apparel for babies and young children, will report its Q2 fiscal year 2022 results before market opening on July 29, 2022. A conference call discussing the results and business outlook is scheduled for 8:30 a.m. Eastern Daylight Time on the same day. The company operates brands like Carter’s and OshKosh B’gosh, with a presence in stores across North America and a robust online platform. Investors can access the live webcast and presentation materials at ir.carters.com.
Carter’s, Inc. (NYSE: CRI) partners with Super League Gaming (NASDAQ: SLGG) for the exclusive launch of ‘Fashion Runway’ on Roblox, marking OshKosh B’gosh’s entry into the metaverse. This partnership aims to enhance gameplay while allowing parents and children to connect through gaming. The event includes ‘Take Your Dad to the Metaverse Day’ to celebrate the launch, offering prizes for social media engagement. The game will feature OshKosh B’gosh apparel available for purchase online coinciding with the back-to-school shopping season.
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