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Paul Kelly

Research Analyst at Barclays PLC

Paul Kelly is a seasoned finance professional with significant experience as a Lead Business Analyst and Senior Financial Engineer, currently serving in an advanced analyst capacity at Barclays. His coverage includes valuation and risk analysis, SIMM (Standard Initial Margin Model), and portfolio analytics, with a history of high-level business analysis across several major asset classes. Kelly has held progressive roles including Lead Business Analyst at Barclays and prior analyst and manager positions in financial engineering and portfolio analytics, contributing strategic insights to complex capital markets projects since earlier roles. He holds advanced credentials relevant to financial analysis, supporting expertise in risk management and valuation, although specific FINRA or securities license details are not publicly confirmed.

Paul Kelly's questions to CARTERS (CRI) leadership

Question · Q3 2025

Paul Kelly inquired about the expected incremental price increases for Carter's retail channel in the first half of next year. He also asked for clarification on the timing of SG&A reductions, cost savings, and reinvestments, and sought more detail on the improving returns from media spend, current observations, and how media spending strategies would evolve next year.

Answer

Richard Westenberger (Senior Executive VP, CFO and COO, Carter's Inc) stated it was too soon to comment on specific H1 next year price increases. He confirmed that SG&A savings from the reduction in force would begin January 1, with the $16 million demand creation investment for next year being a full-year, rigorously managed amount. Doug Palladini (CEO and President, Carter's Inc) elaborated that demand creation would focus on driving traffic to owned platforms and building consumer loyalty through product storytelling and innovation, shifting from a price- and promotion-centric message.

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