Core Viewpoint - Carter's, Inc. is expected to report a decline in both revenue and earnings for the first quarter of 2025, influenced by challenging macroeconomic conditions and reduced consumer demand [1][3][4]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for first-quarter revenues is $621.3 million, reflecting a 6.1% decrease from the previous year [2]. - The consensus estimate for quarterly earnings is 53 cents per share, indicating a 48% decline from the year-ago quarter [2]. - Carter's has a trailing four-quarter earnings surprise of 45.7%, with the last quarter's earnings beating the Zacks Consensus Estimate by 39% [2]. Market Conditions and Challenges - The company faces persistent inflation and high interest rates, which are significant hurdles for its core demographic of families with young children [3]. - Consumer demand for Carter's products has weakened due to reduced discretionary income and the absence of pandemic-era financial support [3]. - The retail segment is expected to experience continued softness in consumer spending, while the wholesale business shows some resilience [4]. Financial Performance Expectations - Carter's projected net sales for the first quarter of 2025 are between $615 million and $625 million, down from $661 million in the previous year [7]. - Adjusted earnings are expected to be between 45 and 55 cents per share, a decline from $1.04 reported in the prior-year quarter [7]. - The company anticipates adjusted operating income of $30 million to $35 million, down from $55 million in the year-ago quarter, with an expected adjusted operating income of $31.4 million, representing a 43% year-over-year decrease [7]. Sales Projections - Total sales in the U.S. Retail business are expected to decline in the mid-single-digit to high-single-digit range [8]. - U.S. Wholesale sales are anticipated to decrease by high-single digits year-over-year, while international sales are expected to dip in the mid-single digits [8]. - Comparable sales in the U.S. Retail business are projected to be down mid- to high-single digits, with a model predicting a 6% decline in U.S. Retail and a 6.9% decline in U.S. Wholesale [8]. Cost and Margin Pressures - The company has been experiencing higher selling, general and administrative expenses (SG&A) as a percentage of sales, due to fixed cost deleverage from lower sales and increased distribution and transportation costs [5]. - The higher SG&A expense rate is expected to strain operating margins and reduce profitability [5]. Strategic Initiatives - Carter's is focusing on strategic initiatives to improve long-term performance, including enhancing merchandise assortments and refining inventory management [9]. - The company is implementing measures such as improved pricing and optimized inventory management, along with strengthening its e-commerce capabilities [9]. Valuation Perspective - From a valuation standpoint, Carter's is trading at a forward 12-month price-to-earnings ratio of 9.89X, which is below its five-year high of 21.14X and the industry average of 21.58X, presenting an attractive opportunity for investors [12]. - CRI's shares have lost 30.5% in the past three months, compared to a 24.5% decline in the industry [13].

TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc. ("Churchill") is pleased to announce that it has entered into a binding letter of intent dated April 14, 2025 (the "LOI") to acquire a 100% undivided interest in the Black Raven Antimony Property, located approximately 60 km northwest of Gander, Newfoundland and Labrador, from property owners Eddie and Roland Quinlan. The property encloses two small-scale past producing mines which operated between 1890 and 1918 exploiting stibnite, gold a ...

A month has gone by since the last earnings report for Carter's (CRI) . Shares have lost about 1.4% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Carter's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, esti ...

TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- Further to its news release dated March 4, 2025 (the “Original Press Release”), Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) has become aware of a calculation error in the table provided in the Original Press Release on calculated Titanium values for six samples. The Company has corrected the Ti% values on samples 884117, 884118, 884121, 884122, 884128 and 247004, the first six listed in the table in the Original Press Release, in the revise ...

Carter's, Inc. (CRI) shares have lost 6.6% since reporting fourth-quarter 2025 earnings on Feb. 25. While both revenues and earnings surpassed the Zacks Consensus Estimate, the stock fell as steady overall revenues and growth in the U.S. Wholesale division were overshadowed by declining momentum in the U.S. Retail and International segments.Inflation continues to weigh on CRI’s top-line performance. Elevated interest rates and the suspension of pandemic-related stimulus payments to child-care centers have f ...

Core Viewpoint - Churchill Resources Inc. has reported promising results from its Taylor Brook nickel project, indicating potential for Vanadium-Titanium-Magnetite (VTM) mineralization alongside high-grade nickel-copper-cobalt (Ni-Cu-Co) deposits, suggesting a layered intrusion with significant economic potential [1][4][5] Group 1: Project Updates - Drilling and prospecting in 2024 at the Taylor Brook project have revealed anomalous VTM results at targets TB-01 to TB-04, indicating the area may host critical minerals [1][2] - The mineralized magnetite-layered units at the South Lobe are several meters thick, with VTM values ranging from 540ppm to 955ppm for vanadium, 3.1% to 7.29% for titanium, and over 20% for iron [2][5] - The company plans to conduct systematic trenching and further drilling at TB-01 in Spring 2025 to explore the high chargeability targets identified by Winter Borehole Induced Polarization (BHIP) surveys [6][7] Group 2: Strategic Importance of VTM - VTM minerals are critical for various industries, including steel, aerospace, and battery production, with North America currently lacking domestic vanadium production [5][6] - The layered intrusive mineral deposits typically show a stratified mineralization pattern, with VTM at the upper levels and Ni-Cu-Co deposits deeper within the intrusion [5][6] Group 3: Future Exploration Plans - The company is preparing new exploration permit applications and plans to expand its prospecting, mapping, and trenching efforts at the South Lobe, where less than 10% has been explored [7][8] - The exploration team will also sample existing drill holes for VTM mineralization and platinum group elements (PGEs) to assess deeper mineralization horizons [7][8]

Carter's, Inc. (CRI) announced its fourth-quarter 2024 results, wherein the top and the bottom lines beat the Zacks Consensus Estimate. Additionally, on a year-over-year basis, the company’s top line increased marginally, but the bottom line declined.Carter’s shares plummeted more than 16% yesterday as its better-than-expected earnings report failed to boost investor confidence. While the company’s overall revenues remained steady, declining momentum in the U.S. Retail and International segments overshadowe ...

Carter's, Inc. (NYSE:CRI) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Richard Westenberger - Interim CEO, CFO and COO Kendra Krugman - Chief Creative and Growth Officer Sean McHugh - Treasurer Conference Call Participants Jim Chartier - Monness, Crespi, and Hardt Chris Nardone - Bank of America William Reuter - Bank of America Kelly Crago - Citi Operator Welcome to Carter's fourth quarter fiscal 2024 earnings conference call. On the call are Richard Westenberger, Inter ...

Market Position and Sales - The baby and young children's apparel market in the U.S. is approximately $28 billion as of December 2024, with Carter's brands holding a 1 position and approximately 10% market share[23]. - Carter's brands maintained a leading market share of approximately 21% in the zero to two-year-old baby market and approximately 11% in the three to four-year-old toddler market as of December 2024[33]. - In fiscal 2024, approximately 36% of consolidated net sales were derived from the U.S. Wholesale segment, with the top ten wholesale customers accounting for about 35% of consolidated net sales[107]. - The two largest wholesale customers represented 10.9% and 10.1% of consolidated net sales in fiscal 2024[107]. - As of the end of fiscal 2024, around 83% of gross accounts receivable were from the ten largest wholesale customers, with three customers having individual receivable balances exceeding 10% of total accounts receivable[108]. - The company experienced a decrease in net sales in the eCommerce channel for both fiscal 2024 and fiscal 2023 compared to fiscal 2022[115]. - The U.S. Wholesale segment's two largest customers accounted for 10.9% and 10.1% of consolidated net sales in fiscal 2024[52]. Retail Operations - The company operates 1,057 company-owned retail stores in North America and approximately 19,500 wholesale locations in North America as of the end of fiscal 2024[24]. - In fiscal 2024, the company opened its first flagship store in Atlanta, Georgia, featuring brand-centric presentations and community engagement events[46]. - The company has optimized its retail store fleet and improved marketing effectiveness, including the relaunch of its loyalty program in fiscal 2024[216]. - The company operates 804 retail stores in the United States, 191 in Canada, and 62 in Mexico, with an average remaining lease term of approximately 3.4 years[188]. Supply Chain and Sourcing - Approximately 75% of products were sourced from Vietnam, Cambodia, Bangladesh, and India, while 60% of fabric was sourced from China in fiscal 2024[58]. - The company actively monitors import restrictions and seeks to minimize exposure to import-related risks through geographical diversification of supply sources[70]. - The company relies on foreign-based suppliers and manufacturers, making it vulnerable to global sourcing and manufacturing risks[89]. - Approximately 60% of the fabric used in product manufacturing is sourced from China, indicating a significant reliance on this region[131]. - The Uyghur Forced Labor Prevention Act, effective June 21, 2022, imposes a presumptive ban on imports from the Xinjiang Uyghur Autonomous Region, potentially affecting global supply chains[129]. - Labor disputes at third-party factories and shipping ports have previously resulted in significant backlogs and delays in product delivery[132]. Financial Performance and Risks - The company has significant debt, which could adversely affect its financial health and ability to obtain future financing[90]. - The company’s profitability may decline due to lower margins from deflationary pressures and increased production costs[89]. - The company is subject to increasing scrutiny regarding environmental, social, and governance (ESG) practices, which may lead to additional compliance costs[123]. - The company has set goals related to ESG topics but may face challenges in meeting these targets, potentially impacting its reputation and financial condition[124]. - The company is vulnerable to disruptions in its global supply chain due to political instability, natural disasters, and financial instability of major vendors[129]. - The company’s failure to comply with various laws and regulations could result in fines, penalties, and damage to its reputation, negatively affecting its business operations[151]. Marketing and Customer Engagement - The company plans to enhance its marketing capabilities, which contributed to sequential improvement in U.S. Retail comparable sales and growth in new and reactivated customers in the second half of fiscal 2024[32]. - The rebranded Carter's Rewards loyalty program aims to deepen customer loyalty and increase visit frequency, with U.S. retail sales predominantly made to members[56]. - A strategic investment of approximately $65 million was made to enhance direct-to-consumer offerings, including $55 million for pricing competitiveness and $10 million for brand marketing[217]. Employee and Operational Management - As of the end of fiscal 2024, the company had approximately 15,350 employees globally, with 79.3% located in the United States[74]. - The company has faced significant competition in hiring employees for its distribution facility, which may lead to additional employee-related costs[136]. - The company has increased wages to attract and retain employees at its Braselton, Georgia distribution facility, impacting operating results[136]. - The company relies on automated systems for eCommerce order processing, and any system failures could negatively impact sales and profitability[137]. Environmental and Social Governance - Over 50% of cotton was sourced through the Better Cotton Initiative, supporting the transition to sustainably grown cotton[66]. - The company has established targets to reduce risks associated with Scope 1 and 2 greenhouse gas emissions, validated by the Science-Based Target Initiative[66]. - The company has implemented various cybersecurity controls, including intrusion prevention and access controls, to mitigate risks from cybersecurity threats[179]. Strategic Initiatives and Future Outlook - The company intends to pursue improvements to its operating model to respond more rapidly to changing consumer preferences and improve productivity[30]. - Future growth is heavily dependent on successful branding and marketing efforts, which, if unsuccessful, could diminish brand value and sales[102]. - The company’s international expansion plans may not be successful, as it lacks significant experience operating outside North America, which could adversely affect its results[149]. - The company may be unable to grow through acquisitions if it cannot identify suitable candidates or secure favorable terms, which could adversely impact its financial condition[159].

F O U R T H Q U A R T E R A N D F I S C A L Y E A R 2 0 2 4 B U S I N E S S U P D A T E F E B R U A R Y 2 5 , 2 0 2 5 F O U R T H Q U A R T E R 2 0 2 4 R E S U L T S G A A P B A S I S $ in millions, except EPS | | Fourth | | Fourth | | | | --- | --- | --- | --- | --- | --- | | | Quarter | | Quarter | | | | | 2024 | % of Sales | 2023 | % of Sales | Change | | Net sales | $860 | | $858 | | -- | | Gross profit | 411 | 47.8% | 418 | 48.7% | (2%) | | Royalty income, net | 4 | 0.5% | 5 | 0.6% | (11%) | | SG&A | 3 ...