Carter’s Inc. Reports Mixed Fiscal Year 2024 Results

Carter’s Inc ( (CRI) ) has released its Q4 earnings. Here is a breakdown of the information Carter’s Inc presented to its investors.

Carter’s, Inc. is a leading North American company specializing in apparel for babies and young children, known for its well-recognized brands such as Carter’s and OshKosh B’gosh, and operates over 1,000 stores across the U.S., Canada, and Mexico. In its recent earnings report, Carter’s, Inc. revealed a slight increase in fourth-quarter net sales to $860 million compared to the previous year, although operating margins and earnings per share saw a decline. The fiscal year 2024 results showed a decrease in net sales to $2.844 billion, with operating income and net income also down compared to 2023. Despite these challenges, the company maintained strong liquidity and returned $167 million to shareholders through dividends and share repurchases. Looking ahead, Carter’s projects a modest range for net sales and adjusted earnings for fiscal year 2025, with a focus on improving product assortments and inventory management to drive growth in the latter half of the year.