Carter's Inc is a leading retailer specializing in children's apparel, offering a diverse range of clothing, accessories, and footwear for infants and young children
Known for its high-quality and comfortable products, the company operates a variety of brands, including Carter's, OshKosh B'gosh, and others, catering to the needs of families by providing stylish and functional clothing options. With a strong emphasis on design and innovation, Carter's Inc focuses on creating age-appropriate and trendy outfits, while also promoting value and accessibility through their extensive retail presence and e-commerce platforms. The company prides itself on quality craftsmanship and safety, helping parents dress their children with confidence.
Shares of children’s apparel manufacturer Carter’s (NYSECRI)
fell 18.1% in the morning session after the company reported disappointing Q4 2024 results. Its full-year EPS guidance missed significantly and its EPS guidance for next quarter also fell short of Wall Street's estimates. Revenue was flat, as growth in U.S. Wholesale was offset by declines in U.S. Retail and International segments. Adjusted EBITDA took a hit, with margins shrinking due to higher freight costs and increased promotional spending, which hurt profitability. Management pointed to macroeconomic pressures, high interest rates, and planned pricing investments as ongoing challenges.
Children’s apparel manufacturer Carter’s (NYSECRI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $859.7 million. On the other hand, next quarter’s revenue guidance of $620 million was less impressive, coming in 5.3% below analysts’ estimates. Its non-GAAP profit of $2.39 per share was 24.6% above analysts’ consensus estimates.
Carter's Q4 earnings beat expectations, but the CEO warns that lower pricing, higher product costs, and normalized compensation will impact profitability in the first half of FY25.
Over the past six months, Carter’s stock price fell to $50.45. Shareholders have lost 17.4% of their capital, which is disappointing considering the S&P 500 has climbed by 16.8%. This might have investors contemplating their next move.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Carter's (NYSECRI) and its peers.
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Shares of children’s apparel manufacturer Carter’s (NYSECRI)
fell 7.6% in the morning session after the company reported weak third-quarter earnings results, with its EPS forecast for the next quarter missing Wall Street's estimates. Revenue was also underwhelming as it came in roughly in line with expectations. Management attributed the softness to inflation and interest rates, which "weighed on families with young children and demand for our brands." Overall, the outlook seems to be weighing on shares.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel, accessories and luxury goods industry, including Carter's (NYSECRI) and its peers.
