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Carter’s Shares Plunge as Tariff Costs Weigh on Results and Guidance Suspended
Financial Modeling Prep· 2025-10-27 21:02
Core Insights - Carter's Inc. shares fell over 14% in pre-market trading after reporting third-quarter results that missed revenue expectations and suspended its 2025 guidance due to tariff-related uncertainty [1] - The company reported adjusted earnings per share of $0.74, slightly above analyst expectations of $0.72, but revenue of $758 million fell short of the consensus forecast of $771.17 million and remained flat compared to the prior-year quarter [1] Financial Performance - Adjusted operating income decreased by 48.9% to $39.4 million, with operating margin dropping to 5.2% from 10.2% a year earlier [2] - Management attributed the decline in profitability to higher tariff costs, investments in product quality, and expenditures on new store openings [2] Cost-Saving Initiatives - The company announced cost-saving measures aimed at improving efficiency, including the reduction of approximately 300 office-based positions, representing 15% of its corporate workforce, by the end of 2025 [3] - Carter's plans to close around 150 North American stores over the next three years, with these actions expected to generate $35 million in annual savings starting in 2026 [3]
Is The Children's Place Turning A New Leaf? (NASDAQ:PLCE)
Seeking Alpha· 2025-09-12 14:04
Core Insights - The Children's Place (NASDAQ: PLCE) has shown volatile stock performance since the last coverage in March, with the stock holding up relatively well during the spring [1] Group 1: Company Performance - PLCE stock has experienced rollercoaster price action, indicating significant fluctuations in its market value [1]
Is The Children's Place Turning A New Leaf?
Seeking Alpha· 2025-09-12 14:04
Core Viewpoint - The Children's Place (NASDAQ: PLCE) has shown volatile stock performance since the last coverage in March, with the stock holding up relatively well during the spring [1]. Company Summary - The Children's Place is an apparel retailer that has experienced significant price fluctuations in its stock [1]. - The stock's resilience in the spring suggests a potential for recovery or stability amidst market volatility [1]. Industry Context - The apparel retail sector is currently facing challenges that may impact stock performance, as indicated by the rollercoaster price action of The Children's Place [1].