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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), a leading marketer of children's apparel in North America, will release its fourth quarter and fiscal year 2021 results on February 25, 2022, prior to market opening. An investor conference call is scheduled for 8:30 a.m. EST on the same day to discuss the results and future outlook. Investors can access the live broadcast and presentation materials at ir.carters.com. A replay will be available until March 27, 2022. Carter's is known for its brands, including Carter’s and OshKosh B'gosh, sold through various channels across North America.
Carter's, Inc. (NYSE: CRI), the leading North American marketer of children's apparel, will present at the virtual Bank of America Leveraged Finance Conference on December 1, 2021, at 3:00 PM EST. Investors can access a live webcast on the company's Investor Relations website. Carter's is recognized for its brands, including 'Carter’s' and 'OshKosh B’gosh,' which are sold through various retail channels and its own stores across the U.S., Canada, and Mexico. The firm is headquartered in Atlanta, Georgia.
Carter’s, Inc. (NYSE: CRI) announced a 50% increase in its quarterly cash dividend, raising it to
Carter's reported Q3 2021 net sales of $891 million, a 3% increase, with U.S. Retail comparable sales rising 5.9%. Supply chain delays affected sales, but strong profitability was noted with a gross profit margin of record level. The operating margin improved to 13.9%, and diluted EPS rose to $1.93. The company returned $128 million to shareholders, resuming share repurchases. Full-year profit outlook raised, forecasting record earnings for 2021.
Carter's, Inc. (NYSE:CRI), a leading marketer of baby and children's apparel, is set to announce its third quarter fiscal 2021 results on October 29, 2021, before market opening. The company will hold a conference call at 8:30 a.m. EDT to discuss the results and future outlook. Investors can listen live on their website. This update highlights Carter's continued focus on transparency and engagement with shareholders as it navigates market dynamics.
OshKosh B’gosh, a subsidiary of Carter’s, has launched a limited-edition 28-piece children's apparel collection in collaboration with lifestyle brand Kith. This innovative partnership channels OshKosh's 126-year heritage, blending nostalgic designs with contemporary elements, including workwear silhouettes and co-branded details. The collection is designed for various sizes, priced between $35 and $160, and aims to evoke nostalgia for parents while offering stylish options for kids. The launch coincides with the back-to-school season, supporting a new campaign for OshKosh B’gosh.
Carter’s, Inc. (NYSE:CRI) has declared a quarterly dividend of $0.40 per share payable on September 17, 2021 to shareholders of record by August 31, 2021. The Board's future dividend declarations will depend on various factors, including the company’s financial performance.
Additionally, the company has reinstated its share repurchase program, now with approximately $650.4 million remaining. These repurchases, previously suspended due to COVID-19, will occur based on market conditions and management's discretion.
Carter’s, Inc. (NYSE: CRI), the leading branded marketer of baby and young children's apparel, has released its inaugural Corporate Social Responsibility (CSR) Report. The report outlines strategic priorities in three pillars: People, Product, and Planet. Key commitments include improving the well-being of 10 million families and workers by 2030, using 100% sustainable fibers, and reducing greenhouse gas emissions by at least 25% by the same year. The report emphasizes the company's focus on social responsibility, innovation, and stakeholder engagement.
Carter's, Inc. (CRI) reported record sales and earnings for Q2 FY2021, with net sales reaching $746.4 million, a 45% increase year-over-year. Operating income surged to $107.6 million, with a margin of 14.4%. Adjusted net income rose to $73.7 million, or $1.67 per diluted share. The company raised its full-year sales and earnings forecasts due to strong demand, effective marketing, and improved inventory management. Despite potential risks, including supply chain disruptions, Carter's anticipates a 15% sales increase for fiscal year 2021, projecting adjusted diluted earnings per share of $7.25.
Carter’s, Inc. (NYSE:CRI) will release its second quarter fiscal 2021 results on July 30, 2021, before market opening. A conference call is scheduled for 8:30 a.m. EDT that day, where the company will discuss its financial performance and future outlook. Investors can listen to the live broadcast on the investor relations website. Carter’s is the largest North American marketer of apparel for babies and young children, owning well-known brands such as Carter's and OshKosh B'gosh, with sales through various retail channels and over 1,000 company-operated stores.
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