Carter's, a prominent children's wear retailer, disclosed its financial performance for the first quarter of fiscal year 2025, revealing a reduction in key financial indicators compared to the corresponding period last year, indicating a difficult start to the fiscal year for the company. The company's consolidated net sales for the first...
Apr 25, 2025
Childrenwear retailer Carter's has announced a leadership change amidst a challenging retail landscape. Douglas Palladini is set to take the helm as CEO and president, effective April 3, 2025, signaling a move to bolster the company's direct-to-consumer and global presence. Palladini most recently served as founder and owner of Kickstand, a...
Mar 27, 2025
While children’s wear retailer Carter’s fourth quarter net sales of 860 million dollars and adjusted diluted EPS of 2.39 dollars beat analysts’ expectations, the company’s 2025 outlook disappointed them. Specifically, the company’s projected earnings per share between 3.20 dollars and 3.80 dollars and 2025 revenue range of 2.78 billion dollars...
Feb 26, 2025
North American retailer Carter’s has announced the retirement of Michael D. Casey as chairman and chief executive officer after over 15 years in the role and a more than 30-year career with the company. The company said in a release that Richard F. Westenberger has been appointed interim chief executive officer, in addition to his...
Jan 8, 2025
US kidswear retailer Carter’s has reported a 10.9 percent drop in Q1 sales as its profits narrowed. The company made net sales of 695.9 million dollars in the first quarter of the year, down from 781.3 million dollars a year earlier. It said the drop was linked to macroeconomic factors, including inflation, which drove consumer demand down. The...
Apr 28, 2023
American children’s apparel retailer, Carter’s, launched its Little Planet Mama Collection, marking its first step into maternity wear. The capsule collection will consist of nursing-friendly, “comfortable” and “versatile” items for expectant, as well as new moms and features practical details such as pockets, snaps and front buttons. The core...
Mar 22, 2023
Carter’s, Inc. fourth quarter consolidated net sales decreased 150 million dollars or 14.1 percent to 912.1 million dollars. The decline was driven by declines in the company’s U.S. retail, U.S. wholesale and international segments of 12.7 percent, 17.8 percent, and 12 percent, respectively. “We saw stronger than expected demand for our brands...
Feb 24, 2023
Carter’s, Inc. net sales decreased 72 million dollars or 8.1 percent to 818.6 million dollars, driven by declines in the company’s U.S. retail, international and U.S. wholesale sales of 12.3 percent, 6.7 percent and 1.9 percent, respectively. Commenting on the third quarter results, Michael D. Casey, chairman and CEO said: “Historic and...
Nov 1, 2022
Carter’s, Inc. net sales decreased 45.7 million dollars or 6.1 percent to 700.7 million dollars, driven by declines in the company’s U.S. retail and U.S. wholesale sales, partially offset by growth in its international sales. The company’s U.S. retail and U.S. wholesale net sales declined by 11 percent and 3 percent, respectively. International...
Jul 29, 2022
Carter’s, Inc. has announced the appointment of award-winning actress, singer, best-selling author, and mom Hilary Duff as the first-ever chief mom officer for the Carter’s brand. As part of a long-term partnership, Duff will work directly with Carter’s as a parent consultant and creative director, designing two limited-time-only collections and...
May 18, 2022
Carter’s first quarter net sales decreased by 0.8 percent, or by 6.1 million dollars, to 781.3 million dollars, reflecting growth in the company’s US wholesale and international segments, offset by lower sales in its US retail segment. The company’s US wholesale and international net sales grew by 8 percent and 11 percent, respectively....
May 2, 2022
For the fourth quarter, Carter’s, Inc. consolidated net sales increased 72.2 million dollars or 7.3 percent to 1,062.1 million dollars. On a comparable week basis, net sales grew 10.9 percent. The company said in a release that additional week in the fourth quarter of fiscal 2020 contributed approximately 32.1 million dollars in consolidated net...
Feb 25, 2022