Carter's Inc is a leading retailer specializing in children's apparel, offering a diverse range of clothing, accessories, and footwear for infants and young children
Known for its high-quality and comfortable products, the company operates a variety of brands, including Carter's, OshKosh B'gosh, and others, catering to the needs of families by providing stylish and functional clothing options. With a strong emphasis on design and innovation, Carter's Inc focuses on creating age-appropriate and trendy outfits, while also promoting value and accessibility through their extensive retail presence and e-commerce platforms. The company prides itself on quality craftsmanship and safety, helping parents dress their children with confidence.
Over the past six months, Carter’s stock price fell to $50.45. Shareholders have lost 17.4% of their capital, which is disappointing considering the S&P 500 has climbed by 16.8%. This might have investors contemplating their next move.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Carter's (NYSECRI) and its peers.
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As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Figs (NYSEFIGS) and its peers.
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will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Shares of children’s apparel manufacturer Carter’s (NYSECRI)
fell 7.6% in the morning session after the company reported weak third-quarter earnings results, with its EPS forecast for the next quarter missing Wall Street's estimates. Revenue was also underwhelming as it came in roughly in line with expectations. Management attributed the softness to inflation and interest rates, which "weighed on families with young children and demand for our brands." Overall, the outlook seems to be weighing on shares.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel, accessories and luxury goods industry, including Carter's (NYSECRI) and its peers.
