Carter's (CRI) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.13%. A quarter ago, it was expected that this maker of children's apparel and accessories would post earnings of $0.45 per share when it actually produced earnings of $0.76, delivering a surprise of 68.89%.Over the last ...

EXHIBIT 99.1 carter's, inc. Contact: Sean McHugh Vice President & Treasurer (678) 791-7615 Carter's, Inc. Reports Third Quarter Fiscal 2024 Results • Net sales $758 million vs. $792 million in Q3 2023 • Operating margin 10.2% vs. 11.8% in Q3 2023; adjusted operating margin 10.2% vs. 12.2% in Q3 2023 • Diluted EPS $1.62 vs. $1.78 in Q3 2023; adjusted diluted EPS $1.64 vs. $1.84 in Q3 2023 • Returned $138 million to shareholders through dividends and share repurchases through the first three quarters of fisca ...

Carter's, Inc. (CRI) is scheduled to release third-quarter 2024 results on Oct. 25, before the opening bell. The branded marketer of apparel exclusively for babies and children in North America is likely to witness a decline in the top and bottom lines when it reports the quarterly numbers.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for third-quarter revenues is pegged at $748 million, indicating a decline of 5.5% from the figure reported in the year ...

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Carter's Inc. (CRI) has shown a steady growth in recent times, with its stock price increasing by 10.5% in just a month. This rise is attributed to the launch of its "More Than Just Cute" back-to-school campaign, which focuses on the practical features of its children's apparel. By collaborating with the agency Mischief for the first time, Carter's is targeting millennial and Gen Z parents. The campaign's emphasis on functionality and style helps the company connect with these younger parents. However, Cart ...

BOSTON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sensei Biotherapeutics, Inc. (Nasdaq: SNSE), a clinical stage immuno-oncology company focused on the discovery and development of next-generation therapeutics for cancer patients, today announced that preclinical data on SNS-103 will be presented in a poster session at the CRI-ENCI Eighth International Immunotherapy Conference, being held September 8-11, 2024, at the Gaylord National Resort & Convention Center in National Harbor, MD. Presentation Details: CRI-ENCI ...

Carter's, Inc. (CRI) has been doing well, thanks to its robust business strategies. The company is benefiting from the success of its pricing strategy, inventory-management efforts and better product offerings. Management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, expanding international markets and efficiently controlling expenses. Delving Deeper Carter's has made significant pricing actions to address market conditions and enhance profita ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Horizon Technology Finance (HRZN) is a closed-end investment company that makes secured loans to development-stage companies in the technology, life science, healthcare information and services, and cleantech industries. The Zacks Consensus Estimate for its current year earnings has been revised 16.9% downward over the last 60 days. Carter's (CRI) is the largest marketer of branded apparel and related products for babies, and young c ...

ArtMarie/E+ via Getty Images Positive margin tailwinds turning: On the margin front, the picture improved thanks to hard comparisons in FY23. During 2022 and early 2023, supply chain disruptions and commodity prices exploding led to lower margins. This cost pressure is declining, and therefore, Carter's can post higher gross margins despite falling total sales and the higher weight of the lower-margin wholesale channel. However, comparisons will be more challenging against the more normalized 2H23 period, a ...

Margins Adjusted operating income grew 4% year over year to $39.5 million. The adjusted operating margin increased 70 bps to 7%. As part of the fleet-optimization strategy, the company has opened 10 net stores, primarily focused on mall locations and smaller markets. Management remains committed to testing new store models to boost the store openings. This Zacks Rank #3 (Hold) player ended the second quarter with cash and cash equivalents of $316.6 million, long-term debt of $497.7 million and shareholders' ...