Financial Performance - Net sales for Q3 fiscal 2025 were $758 million, comparable to the prior year, with a slight decrease of $0.6 million or 0.1%[5][9] - Diluted EPS for Q3 fiscal 2025 was $0.32, down from $1.62 in Q3 fiscal 2024; adjusted diluted EPS was $0.74 compared to $1.64 in the prior year[5][13][14] - Operating income decreased by $47.9 million, or 62.2%, to $29.1 million, with an operating margin of 3.8%, down from 10.2% in the previous year[11][12] - Adjusted net income for Q3 fiscal 2025 was $26.8 million, down from $59.0 million in Q3 fiscal 2024[14] - The Company reported a net income of $11.6 million for the fiscal quarter ended September 27, 2025, compared to $58.3 million in the prior year[39] - For the fiscal quarter ended September 27, 2025, the net income was $11.6 million, a decrease of 80% compared to $58.3 million for the same quarter in 2024[55] - The diluted net income per common share for the quarter was $0.32, down from $1.62 in the prior year, reflecting a 80% decline[55] - Adjusted EBITDA for the fiscal quarter was $52.3 million, compared to $91.1 million in the same quarter of 2024, representing a 42.6% decrease[57] - For the three fiscal quarters ended September 27, 2025, consolidated net sales totaled $1,973.0 million, down 0.6% from $1,984.4 million in the prior year[62] Segment Performance - U.S. Retail segment net sales increased by 2.6%, while U.S. Wholesale segment net sales decreased by 5.1%[10] - U.S. Retail net sales for the quarter were $362.3 million, representing 47.8% of total net sales, compared to 46.5% in the prior year[42] - U.S. Wholesale net sales decreased to $283.8 million, accounting for 37.4% of total net sales, down from 39.5% year-over-year[42] - International segment net sales for the quarter were $111.7 million, showing a 4.9% increase compared to $106.5 million in the same quarter of 2024[62] Cash Flow and Liquidity - Net cash used in operations in the first three quarters of fiscal 2025 was $136.3 million, compared to net cash provided by operations of $11.3 million in the same period of fiscal 2024[20] - The company reported a net cash used in operating activities of $136,310 thousand for the three fiscal quarters ended September 27, 2025, compared to a net cash provided of $11,319 thousand in the prior year[49] - Cash and cash equivalents decreased to $184,190 thousand from $412,926 thousand, representing a decline of 55.5%[49] Cost Management and Restructuring - The company plans to reduce its office-based roles by approximately 300 positions, or 15%, by the end of 2025, expecting annualized savings of about $35 million starting in 2026[23][24] - The Company is targeting over $10 million in annual SG&A spending reductions, with savings expected to begin in 2026[30] - The company obtained commitments for a new five-year asset-based revolving credit facility with initial borrowing commitments of no less than $750 million[26] - The company reported a total of $19.1 million in adjustments to EBITDA for the fiscal quarter, primarily related to organizational restructuring and pension plan settlements[57] Store Closures and Sales Impact - The Company plans to close approximately 150 stores in North America over the next three years, increasing from a previous target of 100 stores, which collectively represent about $110 million in annual net sales[30] Shareholder Returns - The company returned $47 million to shareholders through dividends in the first three quarters of fiscal 2025[5][21] - The company paid dividends totaling $47,247 thousand during the three fiscal quarters ended September 27, 2025, compared to $87,345 thousand in the prior year, a decrease of 46.0%[49] Guidance and Future Outlook - The Company has suspended its fiscal 2025 guidance due to ongoing uncertainty regarding tariffs and their potential impact on business[31] - The Company will hold a conference call on October 27, 2025, to discuss third quarter results and provide business updates[32] Assets and Liabilities - Total assets increased to $2,469,439 thousand as of September 27, 2025, compared to $2,433,167 thousand a year earlier, reflecting a growth of 1.4%[47] - Total current liabilities slightly decreased to $501,690 thousand from $508,816 thousand, a reduction of 2.2%[47] - Total shareholders' equity increased to $864,642 thousand from $854,562 thousand, a growth of 1.3% year-over-year[47] Capital Expenditures - Capital expenditures for the three fiscal quarters ended September 27, 2025, were $42,662 thousand, up from $39,637 thousand in the previous year, indicating an increase of 5.7%[49]

ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE:CRI), North America's largest and most-enduring apparel company exclusively for babies and young children, today reported its third quarter fiscal 2025 results. "Our third quarter performance reflected continued improvement in U.S. Retail business demand as we achieved positive comparable sales and improved pricing for the second consecutive quarter,†said Douglas C. Palladini, Chief Executive Officer & President. "However, elevated product cos. ...

Earnings Results - Carter's, Inc. is set to release its third-quarter earnings results on October 27, with analysts expecting earnings of 74 cents per share, a decrease from $1.64 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $773.09 million, compared to $758.46 million a year earlier [1] Stockholder Rights Plan - On September 24, Carter's adopted a limited duration stockholder rights plan after RWWM acquired a 16.86% stake without prior notice [2] - Following this announcement, shares of Carter's increased by 1.8%, closing at $32.35 [2] Analyst Ratings - UBS analyst Jay Sole maintained a Neutral rating and reduced the price target from $32 to $26 [4] - Wells Fargo analyst Ike Boruchow kept an Underweight rating but raised the price target from $25 to $28 [4] - Citigroup analyst Paul Lejuez maintained a Neutral rating and lowered the price target from $50 to $45 [4]

Group 1 - Carter's, Inc. is set to release its third-quarter earnings results on October 27, with expected earnings of 74 cents per share, a decrease from $1.64 per share in the same period last year [1] - The consensus estimate for Carter's quarterly revenue is $773.09 million, which is an increase from $758.46 million a year earlier [1] - On September 24, Carter's adopted a limited duration stockholder rights plan after RWWM acquired a 16.86% stake without prior notice [2] Group 2 - Carter's shares rose by 1.8% to close at $32.35 on the last trading day [2] - UBS analyst Jay Sole maintained a Neutral rating and reduced the price target from $32 to $26 [4] - Wells Fargo analyst Ike Boruchow maintained an Underweight rating and increased the price target from $25 to $28 [4] - Citigroup analyst Paul Lejuez maintained a Neutral rating and cut the price target from $50 to $45 [4]

Core Viewpoint - Carter's, Inc. is expected to report a decline in both revenue and earnings for the third quarter of 2025, with challenges stemming from macroeconomic pressures and a tough retail environment [1][4]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for third-quarter revenues is $751 million, reflecting a decrease of 0.98% compared to the same quarter last year [2]. - The consensus estimate for quarterly earnings is 78 cents per share, indicating a significant drop of 52.4% from the previous year's figure [2]. Recent Performance and Trends - Carter's has a trailing four-quarter earnings surprise of 7.5% on average, but the last reported quarter saw a substantial miss of 60.5% against the Zacks Consensus Estimate [3]. - The U.S. Retail segment has shown modest improvement, with a 2% comparable sales gain in July and strong sales in the baby category, which increased by double digits [5]. Challenges and Market Conditions - The company faces persistent inflation and high interest rates, which are impacting its core demographic of families with young children [4]. - Discretionary spending constraints are affecting apparel demand, and the promotional marketplace is likely to have restrained top-line growth [6]. - Higher selling, general and administrative expenses (SG&A) as a percentage of sales are straining operating margins due to fixed cost deleverage from lower sales [7]. 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 also implementing improved pricing strategies and strengthening its e-commerce capabilities to adapt to changing consumer preferences [9]. Valuation Perspective - From a valuation standpoint, Carter's is trading at a forward 12-month price-to-earnings ratio of 12.12X, which is below its five-year high of 21.14X and the industry average of 28.76X, presenting an attractive opportunity for investors [13]. - Over the past three months, CRI's shares have declined by 9.1%, compared to an 11.4% decline in the industry [14].

Core Insights - Churchill Resources Inc. is advancing its exploration program at the Black Raven Property in Central Newfoundland, focusing on antimony, gold, and silver, with a systematic approach that includes 5,000 meters of drilling and extensive trenching [1][3][8] Exploration Progress - The exploration program commenced on September 15, 2025, targeting the historic Frost Cove Antimony Mine first, followed by the Stewart Gold Mine and Taylor's Room Gold-Silver-Lead-Zinc prospect [1][3] - As of October 18, 2025, 16 core holes have been completed with a cumulative depth of 1,470 meters, and ten surface trenches have been sampled [3][4] - Significant antimony mineralization has been intercepted in 14 of the 16 drill holes and in 9 of the 10 surface trenches, indicating a promising mineralization potential [3][4] Mineralization Findings - Massive stibnite seams, typically 10-20 cm thick, have been identified in the shear zone, with notable samples taken from Trenches 3 and 10 [3][4] - A second historic shaft located 780 meters south of the mine entrance has also revealed massive stibnite seam mineralization, traced for approximately 80 meters [3][4] Sample Analysis - A total of 93 core samples and 48 channel and grab samples have been submitted for analysis, with plans for an additional 1,000 samples by the end of October [4][6] - Soil sampling is being utilized as a regional exploration tool, with 673 soil samples submitted for multi-element analysis [4][9] Metallurgical Studies - Preliminary metallurgical studies have shown excellent recoveries of antimony using conventional gravity-flotation techniques, with final results expected soon [6][8] Strategic Importance - The evaluation program aims to define mineralization at depth and along strike, with the goal of establishing a high-grade underground mine to supply North American and European markets [8][9] - Antimony is recognized as a critical mineral for national security and various industrial applications, highlighting the importance of securing a domestic supply [9][10] Project Background - The Black Raven Property is located approximately 60 km northwest of Gander, Newfoundland, and hosts a high-grade polymetallic stockworks vein system [11][12] - The project benefits from excellent infrastructure and a well-developed mineral exploration sector in Newfoundland and Labrador [11][13]

ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE: CRI) – For generations, families have grown up in OshKosh B'gosh, the brand synonymous with childhood denim and the iconic World's Best Overallsâ"¢. Today, Carter's, Inc., North America's largest and most-enduring apparel company exclusively for babies and young children, announces the debut of The OshKosh Reissued Collection, a new, ongoing product collection will feature and reintroduce a limited selection of the brand's most iconic styles from th. ...

Core Viewpoint - Carter's, Inc. is set to report its third quarter fiscal 2025 results on October 27, 2025, before the market opens, indicating ongoing business operations and performance tracking [1] Company Summary - Carter's, Inc. is recognized as North America's largest and most enduring apparel company focused exclusively on babies and young children [1] - A conference call will be held on the same day at 8:30 a.m. Eastern Daylight Time to discuss the results and provide a business update [1]

Core Insights - Carter's (NYSE: CRI) shares have significantly underperformed over the past year, losing 50% of their value due to a challenging consumer spending environment [1] Company Performance - The company has faced difficulties attributed to a muted consumer spending environment, impacting its stock performance negatively [1] Market Context - The broader economic conditions have not favored Carter's, contributing to the decline in its stock value [1]

Group 1 - Carter's (NYSE: CRI) shares have significantly underperformed over the past year, losing 50% of their value due to a weak consumer spending environment [1] - The company has faced challenges in the current economic climate, impacting its stock performance [1] Group 2 - The article does not provide additional insights or data related to the industry or company beyond the performance of Carter's [1]