Earnings summaries and quarterly performance for CARTERS.
Executive leadership at CARTERS.
Allison Peterson
Detailed
Executive Vice President, Chief Retail & Digital Officer
Antonio Robinson
Detailed
Senior Vice President, General Counsel, Secretary, Corporate Social Responsibility & Chief Compliance Officer
Douglas Palladini
Detailed
Director
Jeffrey Jenkins
Detailed
Executive Vice President, Global Marketing
Jill Wilson
Detailed
Senior Vice President, Human Resources & Talent Development
Julie D’Emilio
Detailed
Executive Vice President, Global Sales
Karen Smith
Detailed
Executive Vice President, Supply Chain
Kendra Krugman
Detailed
Senior Executive Vice President, Chief Creative & Growth Officer
Raghu Sagi
Detailed
Executive Vice President, Chief Information & Technology Officer
Richard Westenberger
Detailed
Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer
Board of directors at CARTERS.
Gretchen Schar
Detailed
Director
Hali Borenstein
Detailed
Director
Jeffrey Black
Detailed
Director
Jevin Eagle
Detailed
Director
Luis Borgen
Detailed
Director
Mark Hipp
Detailed
Director
Rochester Anderson, Jr.
Detailed
Director
Stacey Rauch
Detailed
Director
Stephanie Stahl
Detailed
Director
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
Jay Sole
UBS
5 questions for CRI
Also covers: , AEO, AS +27 more
Paul Lejuez
Citigroup
4 questions for CRI
Also covers: , ACI, AEO +36 more
Irwin Boruchow
Wells Fargo Securities
3 questions for CRI
Also covers: , BBWI, BURL +18 more
Jim Chartier
Monness, Crespi, Hardt & Co., Inc.
3 questions for CRI
Also covers: CENT, SCVL, VSTO
William Reuter
Bank of America
3 questions for CRI
Also covers: ACCO, ADV, ARKO +11 more
Ike Boruchow
Wells Fargo
2 questions for CRI
Also covers: AS, BBWI, BURL +17 more
James Chartier
Monness, Crespi, Hardt & Co., Inc.
2 questions for CRI
Also covers: CENT, MAT, PLCE +2 more
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
Carla Casella
JPMorgan Chase & Co.
1 question for CRI
Also covers: BGS, CENT, COTY +12 more
Janet Kloppenberg
JJK Research Associates
1 question for CRI
Paul Kelly
Barclays
1 question for CRI
Recent press releases and 8-K filings for CRI.
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
Carter's, Inc. Reports Q3 Fiscal 2025 Results and Announces Productivity Improvement Actions
CRI
Earnings
Profit Warning
Layoffs
- Carter's, Inc. reported Q3 fiscal 2025 net sales of $757.8 million, comparable to the prior year, with diluted EPS of $0.32 and adjusted diluted EPS of $0.74, significantly lower than Q3 2024.
- The company's profitability was meaningfully impacted by elevated product costs, including higher tariffs, and additional investments, resulting in a 62.2% decrease in operating income to $29.1 million in Q3 2025 compared to Q3 2024.
- To improve financial performance, Carter's is implementing productivity actions, including reducing office-based roles by approximately 300 positions (15%) by the end of 2025, which is expected to yield annualized savings of approximately $35 million beginning in 2026.
- Additionally, the company plans to close approximately 150 stores in North America over the next three years, representing about $110 million in annual net sales, and is targeting over $10 million in other annual SG&A reductions starting in 2026.
- Due to significant uncertainty surrounding incremental tariffs, which are estimated to have a gross pre-tax earnings impact of $200 million to $250 million annually, Carter's has suspended its fiscal 2025 guidance.
Oct 27, 2025, 10:19 AM
Carter's, Inc. Reports Q3 Fiscal 2025 Results, Announces Productivity Actions and Refinancing Update
CRI
Earnings
Layoffs
Debt Issuance
- Carter's, Inc. reported net sales of $758 million for the third quarter fiscal 2025, which was comparable to the prior year.
- Diluted EPS for Q3 fiscal 2025 was $0.32, a decrease from $1.62 in Q3 2024, while adjusted diluted EPS was $0.74, down from $1.64 in the prior-year quarter, primarily impacted by elevated product costs, higher tariffs, and additional investments.
- The company returned $47 million to shareholders through dividends in the first three quarters of fiscal 2025.
- Carter's announced productivity improvement actions, including reducing office-based roles by approximately 300 positions (15%) by the end of 2025, expected to generate $35 million in annualized savings starting in 2026, and plans to close approximately 150 stores over the next three years.
- In October 2025, the company obtained commitments for a new five-year asset-based revolving credit facility of no less than $750 million and is evaluating refinancing its $500 million senior notes due March 2027.
Oct 27, 2025, 10:13 AM
Quarterly earnings call transcripts for CARTERS.
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