CRI Stock Recent News

Rising costs from commodity inflation and ongoing reinvestments impact the Shoes & Retail Apparel industry. Companies like ADDYY, BIRK, SHOO, CRI and WWW are expected to benefit from product innovation, strong consumer demand and digital investments.

CRI battles various uncertainties such as a tough macroeconomic environment, inflation, generational high interest rates and a slowdown in consumer spending.

BOSTON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sensei Biotherapeutics, Inc. (Nasdaq: SNSE), a clinical stage immuno-oncology company focused on the discovery and development of next-generation therapeutics for cancer patients, today announced that preclinical data on SNS-103 will be presented in a poster session at the CRI-ENCI Eighth International Immunotherapy Conference, being held September 8-11, 2024, at the Gaylord National Resort & Convention Center in National Harbor, MD.

ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, announced today that the Company will participate in a fireside chat at the Goldman Sachs 31st Annual Global Retailing Conference in New York City on Wednesday, September 4, 2024, at 8:15 a.m. Eastern Daylight Time. A live webcast of the fireside chat will be available on the Investor Relations section of the Company's website at ir.carters.com.

ATLANTA--(BUSINESS WIRE)--The Board of Directors of Carter's, Inc. (NYSE: CRI) today declared a quarterly dividend of $0.80 per share, payable on September 13, 2024, to shareholders of record at the close of business on August 27, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates will be at the discretion of the Board based on a number of factors, including the Company's future financial performance and other considerations. About Carter's.

Carter's (CRI) strategic efforts are on track. The company is gaining from pricing strategy, inventory management efforts and improved product offerings.

HRZN, CRI and EADSY have been added to the Zacks Rank #5 (Strong Sell) List on August 8, 2024.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Carter's 2Q24 results disappointed the market, with retail sales continuing to fall in double digits. Management blames macroeconomic reasons, and argues that competitors are doing heavy discounting. There is evidence sustaining both claims. Today, Carter's trades at a P/E for FY24E of around 10x and at a P/B of 2.5 compared with a 15-year average ROE of 25%, attractive figures.

Carter's (CRI) posts soft sales results in second-quarter 2024, owing to weak sales across the U.S. Retail and International segments.