Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield ...

ATLANTA--(BUSINESS WIRE)--Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, announced today that the Company will participate in a fireside chat at the BofA Securities 2024 Consumer and Retail Conference in Miami on Wednesday, March 13, 2024, at 8:00am Eastern Daylight Time. A live webcast of the fireside chat will be available on the Investor Relations section of the Company’s website at ir.carters.com. About Carter’s, Inc. Car ...

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 improved 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.Buoyed by such strengths, shares of this apparel and related products dealer have gained 13% against the ind ...

Carter's, Inc. (CRI) has reported mixed fourth-quarter 2023 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed. The bottom line rose year over year. However, the top line fell year over year, hurt by the impacts of inflation, which led to reduced spending.Q4 in DetailCarter’s reported fourth-quarter 2023 adjusted earnings of $2.76 per share, beating the Zacks Consensus Estimate of $2.52. This figure rose 20.5% from earnings of $2.29 per share posted in the year-ago ...

Carter’s, Inc. (NYSE:CRI) Q4 2023 Results Conference Call February 27, 2024 8:30 AM ET Company Participants Michael Casey - Chairman & CEO Richard Westenberger - Executive VP & CFO Kendra Krugman - Executive VP of Retail & Chief Merchandising Officer Conference Call Participants Warren Cheng - Evercore ISI Tom Nikic - Wedbush Jay Sole - UBS Ike Boruchow - Wells Fargo James Andrew - Chartier Monness, Crespi, Hardt & Co. Kelly Crago - Citigroup Inc. Operator Welcome to Carter's Fourth Quarter and Fiscal Year ...

Carter's (CRI) came out with quarterly earnings of $2.76 per share, beating the Zacks Consensus Estimate of $2.52 per share. This compares to earnings of $2.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this maker of children's apparel and accessories would post earnings of $1.49 per share when it actually produced earnings of $1.84, delivering a surprise of 23.49%.Over the last ...

ATLANTA--(BUSINESS WIRE)--Carter’s, Inc. (NYSE:CRI), the largest branded marketer of young children’s apparel in North America, today reported its fourth quarter and fiscal 2023 results. “ We saw an improving trend in the demand for our brands in the final weeks of 2023,” said Michael D. Casey, Chairman and Chief Executive Officer. “ Sales improved sequentially each month in the fourth quarter and drove higher than expected earnings. Our focus on product innovation, inventory management, pricing discipline ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Carter's (CRI) , which belongs to the Zacks Shoes and Retail Apparel industry.This maker of children's apparel and accessories has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 24.49%.For the last reported quarter, Carter's came out with earnings of $1. ...

Exhibit 99.1 Contact: Sean McHugh Vice President & Treasurer (678) 791-7615 Carter's, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results ATLANTA, February 27, 2024 -- Carter's, Inc. (NYSE:CRI), the largest branded marketer of young children's apparel in North America, today reported its fourth quarter and fiscal 2023 results. "We saw an improving trend in the demand for our brands in the final weeks of 2023," said Michael D. Casey, Chairman and Chief Executive Officer. "Sales improved sequentially eac ...

Market Overview - The U.S. baby and young children's apparel market is approximately $28 billion as of December 2023, with Carter's brands holding over 9% market share and OshKosh approximately 1%[23]. - Carter's brands maintained a leading market position with approximately 20% in the zero to two-year-old baby market and about 10% in the three to four-year-old toddler market as of December 2023[30]. - Approximately 34% of consolidated net sales in fiscal 2023 were derived from the U.S. Wholesale segment[99]. - The top ten wholesale customers accounted for approximately 33% of consolidated net sales in fiscal 2023[99]. - The largest wholesale customer accounted for approximately 10.4% of consolidated net sales in fiscal 2023[48]. Financial Performance - The company generated $3.5 billion in operating cash flow over the past 10 years, invested approximately $0.7 billion in capital expenditures, and returned $2.5 billion to shareholders through dividends and share repurchases[27]. - Consolidated net sales decreased by $267.1 million, or 8.3%, to $2.95 billion due to macroeconomic factors impacting consumer demand[215]. - Operating income decreased by $55.8 million, or 14.7%, to $323.4 million, impacted by lower sales and increased fixed costs[215]. - SG&A expenses decreased by $16.1 million, or 1.4%, to $1.09 billion, with SG&A as a percentage of consolidated net sales increasing by 250 basis points to 37.1%[215]. - The effective tax rate increased by 200 basis points to 23.1%[216]. Store Operations - As of the end of fiscal 2023, the company operated 1,034 retail stores and approximately 19,350 wholesale locations in North America, with international operations in over 1,100 locations across 90 countries[24]. - As of the end of fiscal 2023, the average store size was approximately 5,000 square feet, with a focus on high-traffic locations to attract consumers[42]. - The company expects approximately 40 new store openings and 30 store closures in fiscal 2024, with a focus on net store openings in future years[212]. - The company operates 792 retail stores in the United States, 188 in Canada, and 54 in Mexico, with an average remaining lease term of approximately 3.2 years[180]. Supply Chain and Sourcing - In fiscal 2023, approximately 74% of products were sourced from Cambodia, Vietnam, Bangladesh, and India, with 66% of fabric sourced from China[55]. - The company’s sourcing operations are based in Hong Kong to manage manufacturing volume and ensure quality control[56]. - The company has not entered into long-term contracts with manufacturers, believing that production capacity is adequate for future needs[59]. - Approximately 65% of the company's products are shipped through the Red Sea, with current delays adding an additional 7 to 10 days of transit time due to regional hostilities[130]. Environmental and Social Responsibility - The Little Planet brand, launched in 2021, focuses on sustainable clothing using mostly organic cotton, catering to the growing consumer demand for eco-friendly products[21]. - The company has established targets to reduce Scope 1 and 2 greenhouse gas emissions, validated by the Science-Based Target Initiative[62]. - The company is subject to increasing scrutiny regarding environmental, social, and governance (ESG) practices, which may lead to additional compliance costs and reputational risks[116]. Customer Engagement and Marketing - The company plans to relaunch its My Rewarding Moments customer loyalty program in 2024 to deepen customer loyalty and increase visit frequency[52][53]. - The company’s marketing strategy focuses on acquiring new customers and enhancing relationships with existing customers through digital and social media[51]. - The Carter's credit card program, launched in 2019, provides benefits to loyalty program members and generates revenue through new credit account establishment and usage royalties[54]. Risks and Challenges - The company is sensitive to overall levels of consumer spending, particularly in the young children's apparel market[86]. - Financial difficulties or loss of major wholesale customers could result in a material loss of revenues[99]. - The company operates in a highly competitive market, with some competitors having greater financial resources[98]. - The business could be adversely affected by public health crises, such as the COVID-19 pandemic, which disrupts operations and consumer demand[89]. - The company may face challenges in expanding into international markets, as it lacks significant experience outside of North America, which could adversely affect sales and profitability[141]. Cybersecurity and Data Management - The company has implemented security measures to protect IT and data security infrastructure, but the effectiveness of these measures against evolving cybersecurity threats remains uncertain[124]. - The company has conducted annual assessments of its cybersecurity framework and penetration tests by third parties to mitigate risks[171]. - Cybersecurity risks related to data breaches could result in adverse publicity and costly legal actions, impacting the company's financial condition[121]. Shareholder Returns - The company returned $212.0 million to shareholders, consisting of $100.0 million in share repurchases and $112.0 million in cash dividends[215]. - The company repurchased a total of 471,149 shares during the fourth quarter of fiscal 2023, with an average price paid per share of $69.17[185]. - The total aggregate remaining capacity under outstanding share repurchase authorizations as of December 30, 2023, was $649.5 million[187]. - The company declared a quarterly cash dividend payment of $0.80 per common share on February 26, 2024, payable on March 29, 2024[190]. - The company paid a cash dividend per common share of $0.75 for each quarter of fiscal 2023, totaling $3.00 for the year[191].