The children's clothing company cut its quarterly dividend by more than two-thirds, but said its cash position and liquidity are expected to remain strong. Shares fell in after-hours trading.
ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE: CRI) today announced an update to the Company's return of capital strategy in conjunction with its ongoing strategy development. Doug Palladini, Chief Executive Officer & President of Carter's, commented: “I could not have asked to join a more talented, creative and passionate team here at Carter's. Since my start in early April, I have been worki...
ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE:CRI), the leading company in North America focused exclusively on apparel for babies and young children, today reported its first quarter fiscal 2025 results. “I am very proud to join Carter's as its new CEO,” said Douglas C. Palladini, Chief Executive Officer & President. “Carter's is one of America's most iconic companies and I am sincerely grate...
ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE: CRI), the leading company in North America focused exclusively on apparel for babies and young children, will report its first quarter fiscal 2025 results before the market opens on Friday, April 25, 2025. The Company will host a conference call to discuss its results and provide an update on its business on this date at 8:30 a.m. Eastern Daylight...
ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE: CRI) (the “Company”), the leading company in North America focused exclusively on apparel for babies and young children, today announced that Douglas C. Palladini has been appointed Chief Executive Officer and President and as a member of the Board of Directors, effective April 3, 2025. Mr. Palladini brings more than three decades of senior leader...
ATLANTA--(BUSINESS WIRE)--Who wants to go on Spring Break? Buckle up—Carter's, Inc. (NYSE: CRI), the leading company in North America focused exclusively on apparel for babies and young children, today announced the first-ever capsule collection with social media star Baby Kate, The Spring Break Collection Curated by Baby Kate, available at Carter's. Known for her viral TikTok videos with more ...
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