Earnings summaries and quarterly performance for CARTERS.
Executive leadership at CARTERS.
AP
Allison Peterson
Detailed
Executive Vice President, Chief Retail & Digital Officer
AR
Antonio Robinson
Detailed
Senior Vice President, General Counsel, Secretary, Corporate Social Responsibility & Chief Compliance Officer
DP
Douglas Palladini
Detailed
Director
JJ
Jeffrey Jenkins
Detailed
Executive Vice President, Global Marketing
JW
Jill Wilson
Detailed
Senior Vice President, Human Resources & Talent Development
JD
Julie D’Emilio
Detailed
Executive Vice President, Global Sales
KS
Karen Smith
Detailed
Executive Vice President, Supply Chain
KK
Kendra Krugman
Detailed
Senior Executive Vice President, Chief Creative & Growth Officer
RS
Raghu Sagi
Detailed
Executive Vice President, Chief Information & Technology Officer
RW
Richard Westenberger
Detailed
Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer
Board of directors at CARTERS.
GS
Gretchen Schar
Detailed
Director
HB
Hali Borenstein
Detailed
Director
JB
Jeffrey Black
Detailed
Director
JE
Jevin Eagle
Detailed
Director
LB
Luis Borgen
Detailed
Director
MH
Mark Hipp
Detailed
Director
RA
Rochester Anderson, Jr.
Detailed
Director
SR
Stacey Rauch
Detailed
Director
SS
Stephanie Stahl
Detailed
Director
WM
William Montgoris
Detailed
Non-Executive Chairman
Research analysts who have asked questions during CARTERS earnings calls.
Christopher Nardone
Bank of America
6 questions for CRI
Also covers: AEO, BOOT, CROX +5 more
JS
Jay Sole
UBS
5 questions for CRI
Also covers: , AEO, AS +27 more
PL
Paul Lejuez
Citigroup
4 questions for CRI
Also covers: , ACI, AEO +36 more
IB
Irwin Boruchow
Wells Fargo Securities
3 questions for CRI
Also covers: , BBWI, BURL +18 more
JC
Jim Chartier
Monness, Crespi, Hardt & Co., Inc.
3 questions for CRI
Also covers: CENT, SCVL, VSTO
WR
William Reuter
Bank of America
3 questions for CRI
Also covers: ACCO, ADV, ARKO +11 more
IB
Ike Boruchow
Wells Fargo
2 questions for CRI
Also covers: AS, BBWI, BURL +18 more
JC
James Chartier
Monness, Crespi, Hardt & Co., Inc.
2 questions for CRI
Also covers: CENT, MAT, PLCE +2 more
KC
Kelly Crago
Citigroup Inc.
2 questions for CRI
Also covers: ANF, BBWI, DKS +6 more
Paul Kearney
Barclays
2 questions for CRI
Also covers: COLM, GIII, GIL +6 more
CC
Carla Casella
JPMorgan Chase & Co.
1 question for CRI
Also covers: BGS, CENT, COTY +12 more
JK
Janet Kloppenberg
JJK Research Associates
1 question for CRI
PK
Paul Kelly
Barclays
1 question for CRI
Recent press releases and 8-K filings for CRI.
CRI Outlines Strategic Investments and Store Optimization Plan for FY 2026 Growth
CRI
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- CEO Doug Palladini highlighted the need to invest in products and demand creation, particularly marketing, to attract Gen Z parents and leverage the inherent value of the brands, noting initial returns in Q4 performance.
- The company reported a strong holiday period with the third consecutive quarter of comparable store growth and successful price increases, leading to an expectation of growth in sales and earnings for FY 2026.
- A significant operational change involves the planned closure of 150 lowest-margin stores over the next few years (30 last year, 70 this year, 50 next year), representing approximately $110 million in revenue, which is anticipated to be accretive to profit due to sales transfer to other channels.
- The wholesale strategy is evolving, including a shift in the Amazon business from the exclusive Simple Joys brand to core brands like Carter's, OshKosh, and Little Planet, aiming for long-term growth in this $1 billion segment of their revenue.
Jan 12, 2026, 4:30 PM
Carter's Outlines Growth Strategy and Store Optimization for 2026
CRI
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Carter's plans to increase investment in demand creation (marketing), noting that benchmarking indicates they currently under-index competitors in this area, and initial investments are already showing returns in Q4 performance.
- The company is implementing a store optimization strategy, intending to close approximately 150 lower-margin stores over the next few years (30 in the past year, 70 this year, and 50 next year), which represent about $110 million in revenue but are expected to be accretive to profit.
- Carter's reported strong Q4 performance, achieving its third consecutive quarter of comparable store growth with higher average unit retail (AUR) and less promotion, while attracting new consumers with higher household incomes.
- The company anticipates growth in sales and earnings in 2026, driven by a focus on long-term, sustainable, profitable growth and allowing each brand to develop its own identity.
- In its wholesale segment, Carter's is transitioning its Amazon business from Simple Joys to its core flagship brands (Carter's, Oshkosh, Little Planet) to drive future growth.
Jan 12, 2026, 4:30 PM
Carter's Discusses Store Closures, 2026 Growth Outlook, and Holiday Performance
CRI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Carter's plans to close approximately 150 lowest margin stores over the next few years, including 30 last year, 70 this year, and 50 next year, representing about $110 million in revenue. These closures are expected to be accretive to profit due to revenue transfer to other channels and existing cost leverage.
- The company expects growth in sales and earnings in 2026, building on three consecutive quarters of comparable store growth in retail.
- Carter's reported a strong holiday period, with its direct-to-consumer (DTC) and wholesale businesses outperforming expectations across all channels and age categories. This performance was achieved while maintaining higher prices and average unit retail (AURs) with less promotion.
- The wholesale business, which accounts for about $1 billion of the company's $3 billion revenue, is evolving with a focus on mass channel retailers and a transition on Amazon from Simple Joys to core brands like Carter's, Oshkosh, and Little Planet.
Jan 12, 2026, 4:30 PM
Carter's Provides Preliminary Q4 and FY 2025 Sales Update and Announces New Chief Brand Officer
CRI
Earnings
Management Change
Revenue Acceleration/Inflection
- Carter's, Inc. announced preliminary fourth quarter fiscal 2025 consolidated net sales increased by a high single-digit percentage over the prior year period, and fiscal year 2025 consolidated net sales increased by a low single-digit percentage over the prior year.
- The 53rd week in fiscal year 2025 contributed approximately $33 million in consolidated net sales.
- David B. Tichiaz has joined Carter's as Chief Brand Officer, responsible for leading the Company’s product design and merchandising teams.
Jan 9, 2026, 11:30 AM
Carter's, Inc. Closes Sale of $575 Million Senior Notes
CRI
Debt Issuance
- Carter's, Inc. (CRI) announced the closing of the sale of $575 million aggregate principal amount of 7.375% senior notes due 2031 on November 13, 2025.
- The company received approximately $567 million in net proceeds from the offering.
- These proceeds will be used to redeem all outstanding 5.625% senior notes due 2027 and for general corporate purposes.
- The new notes are senior unsecured obligations, guaranteed by Carter's, Inc. and certain subsidiaries, and are redeemable on or after November 15, 2027.
Nov 13, 2025, 9:51 PM
Carter's, Inc. Announces Pricing of Upsized Senior Notes Offering
CRI
Debt Issuance
- Carter's, Inc. announced the pricing of an upsized senior notes offering on October 29, 2025.
- The offering consists of $575 million aggregate principal amount of 7.375% senior notes due 2031, representing an increase of $75 million from the initially proposed size.
- The net proceeds, along with cash on hand, are intended to redeem all outstanding 5.625% senior notes due 2027 and for general corporate purposes.
- The offering is expected to close on November 13, 2025.
Oct 29, 2025, 11:50 PM
CRI Announces Q3 2025 Results with Significant EPS Decline and Productivity Initiatives
CRI
Earnings
Layoffs
Guidance Update
- For Q3 2025, CRI reported net sales of $758 million, which remained flat compared to the prior year, while GAAP diluted EPS decreased by 80% to $0.32. Adjusted diluted EPS also saw a 55% decline to $0.74.
- Year-to-date Q3 2025, the company experienced a significant decline in cash flow, reporting operating cash flow of $(136) million and free cash flow of $(179) million.
- CRI is implementing a comprehensive productivity agenda, including a planned 15% reduction-in-force of office-based roles expected to save ~$35 million annually, and the closure of 150 low-margin stores.
- The company anticipates a net impact of additional proposed tariffs of ~$25 million to $35 million in Q4 2025, with an estimated annualized gross impact of ~$200 million to $250 million. For Q4 2025, the gross margin rate is expected to be around 43%.
Oct 27, 2025, 12:30 PM
Carter's (CRI) Announces Q3 2025 Results and Strategic Initiatives
CRI
Earnings
Guidance Update
Layoffs
- Carter's (CRI) reported Q3 2025 net sales of $758 million, comparable to the prior year, and adjusted earnings per share of $0.74.
- The gross margin for Q3 2025 was 45.1%, a decrease of 180 basis points year-over-year, primarily due to higher product costs, including a $20 million gross impact from tariffs.
- The company is undertaking a restructuring plan to achieve $45 million in gross savings for 2026, which includes a 15% reduction in office-based roles by year-end 2025.
- CRI plans to close 150 North America stores, with up to 100 expected to exit by the end of 2026, which previously generated approximately $110 million in revenue over the last 12 months.
- For Q4 2025, the company projects a gross margin rate around 43% and a net tariff impact on earnings between $25 million and $35 million. For 2026, CRI anticipates growth in both sales and earnings, with sales growth primarily driven by price increases.
Oct 27, 2025, 12:30 PM
CRI Reports Q3 2025 Results Amidst Significant Tariff Headwinds and Strategic Restructuring
CRI
Earnings
Guidance Update
Layoffs
- CRI reported Q3 2025 net sales of $758,000,000, operating income of $29,000,000, and reported earnings per share of $0.32, which included significant one-time charges such as a $7,000,000 non-cash pension plan termination charge and a $6,000,000 organizational restructuring charge.
- The company's gross margin for Q3 2025 was 45.1%, a 180 basis point decrease year-over-year, primarily due to higher product costs and tariffs, which had a gross impact of $20,000,000 on gross margin. The effective duty rate has risen to the high 30% range, with an estimated annualized incremental impact of $200,000,000 to $250,000,000 from higher tariffs, and a net impact on 2025 operating income of $25,000,000 to $35,000,000.
- For Q4 2025, CRI has not reinstated sales and earnings guidance but anticipates a low single-digit comparable sales increase in U.S. Retail (with quarter-to-date comps up 7%) and sales growth in the International segment, while wholesale sales are projected to decline. Gross margin is expected to be around 43%.
- Looking into 2026, the company expects growth in both sales and earnings, driven by price increases to mitigate tariffs and an estimated $45,000,000 in productivity initiatives. Additionally, CRI plans to close approximately 150 marginally profitable stores across North America, which is expected to be accretive to operating income.
Oct 27, 2025, 12:30 PM
Carter's Reports Q3 2025 Results and Outlines Strategic Initiatives
CRI
Earnings
Guidance Update
Layoffs
- Carter's reported Q3 2025 net sales of $758 million, with a GAAP operating income of $29 million and GAAP earnings per share of $0.32.
- The company incurred significant one-time charges in Q3 2025, including $7 million for pension plan termination, $0.8 million for deferred compensation plan termination, and $6 million for organizational restructuring.
- Carter's is implementing an organizational restructuring to reduce office-based roles by approximately 15% by year-end 2025, aiming for $35 million in annual savings starting 2026, as part of $45 million in total gross savings identified for 2026.
- The company is targeting 150 North America store closures, with up to 100 expected by the end of 2026.
- The annualized incremental impact of higher tariffs is estimated at $200-$250 million, with a net impact on operating income for 2025 projected to be $25-$35 million. For Q4 2025, the gross tariff impact is estimated at $40 million, and the net impact on earnings is expected to be $25 million-$35 million. The company plans for sales and earnings growth in 2026, driven by price increases and productivity initiatives.
Oct 27, 2025, 12:30 PM
Quarterly earnings call transcripts for CARTERS.
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