CRI Stock Recent News

Carter's (CRI) partners with Shipt to provide a diverse collection of apparel and other needs for babies and young children on Shipt Marketplace across the United States.

Carter's, Inc. (NYSE:CRI ) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Company Participants Michael Casey - Chairman and Chief Executive Officer Richard Westenberger - Executive Vice President and Chief Financial Officer Brian Lynch - President and Chief Operating Officer Conference Call Participants Warren Cheng - Evercore ISI Irwin Boruchow - Wells Fargo Securities, LLC Jim Chartier - Monness, Crespi, Hardt & Co. Jay Sole - UBS Christopher Nardone - Bank of America Merrill Lynch Paul Lejuez - Citigroup Inc. Operator Welcome to Carter's Third Quarter Fiscal 2023 Earnings Conference Call. On the call today are Michael Casey, Chairman and Chief Executive Officer; Richard Westenberger, Executive Vice President and Chief Financial Officer; Brian Lynch, President and Chief Operating Officer; and Sean McHugh, Vice President and Treasurer.

Carter's (CRI) strong Q3 results reflect a y/y increase in adjusted earnings. The company faces challenges from the impacts of inflation, leading to reduced consumer spending.

Carter's (CRI) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.67 per share a year ago.

ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, will report its third quarter fiscal 2023 results before the market opens on Friday, October 27, 2023. The Company will host a conference call to discuss its results and business outlook on this date at 8:30 a.m. Eastern Daylight Time. To listen to a live webcast and view the accompanying presentation materials, please visit ir.carters.com and.

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Carter's (CRI) strategic endeavors to enhance pricing strategies, optimize inventory management and expand its e-commerce capabilities position it well to mitigate consumer demand challenges.

The Shoes and Retail Apparel industry continues to witness elevated operating and input costs. Gains from product innovation, robust demand trends and digital growth are likely to support companies like ADDYY, SKX, SHOO and CRI.

Carter's (CRI) strategic endeavors to enhance pricing strategies, optimize inventory management and expand its e-commerce capabilities position it well to mitigate consumer demand challenges.

Carter's (CRI) second-quarter results reflect adverse impacts of inflation. However, strength of product offerings and lower inventory remained upsides.