CRI Stock Recent News

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.

Carter's, Inc. (NYSE:CRI ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Sean McHugh - Vice President and Treasurer Michael Casey - Chairman, President and Chief Executive Officer Richard Westenberger - Senior Executive Vice President, Chief Financial Officer and Chief Operating Officer Kendra Krugman - Senior Executive Vice President, Chief Creative and Growth Officer Conference Call Participants Jay Sole - UBS Warren Cheng - Evercore ISI Ike Boruchow - Wells Fargo Securities, LLC Tom Nikic - Wedbush Securities Kelly Crago - Citigroup Inc. Operator Welcome to Carter's Second Quarter Fiscal 2024 Earnings Conference Call. On the call are Michael Casey, Chairman and Chief Executive Officer; Richard Westenberger, Chief Financial Officer and Chief Operator Officer; Kendra Krugman, Chief Creative and Growth Officer; and Sean McHugh, Treasurer.

Carter's (CRI) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.64 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 second quarter fiscal 2024 results before the market opens on Friday, July 26, 2024. 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 se.

In this episode of, “Financial Freestyle with Ross Mac,” renowned urban revitalization strategist, MacArthur Fellow and Peabody Award winner, Majora Carter challenges conventional wisdom on community development with her groundbreaking approach to building wealth and opportunity without leaving your neighborhood behind. Carter shares her journey from the South Bronx to the South Bronx, becoming a leading voice in urban renewal and community empowerment.

Carter's (CRI) is battling with various uncertainties such as troubles in the business environment, inflation, generational high interest rates, higher consumer debt levels and recession risks.

This series looks for opportunities in undervalued dividend-paying companies. Carter's shows consistent operating margins and growth potential, but comes with the risk of a declining market due to lower birth rates. UPS faces challenges from rising costs and competition, but plans for consolidation of sorting facilities presents a significant opportunity for cost savings.