Carter Q4 Earnings & Sales Surpass Estimates, Stock Down

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 ...