Shares of children’s apparel manufacturer Carter’s (NYSE:CRI)
fell 3.9% in the afternoon session after the company reported weak third-quarter results and announced significant restructuring plans, including store closures and job cuts, in response to rising costs and tariffs. The children's apparel maker's third-quarter profit fell significantly to $11.6 million. On a per-share basis, earnings dropped to $0.32 from $1.62 in the same period a year ago. While revenue of about $758 million was comparable to the prior year, it missed expectations. Management pointed to elevated product costs, partly from higher tariffs, which hurt profitability. In response, Carter's announced plans to close 150 stores and cut 300 corporate jobs. Due to the uncertainty surrounding tariffs, the company also suspended its fiscal 2025 guidance.
Children’s apparel manufacturer Carter’s (NYSE:CRI) missed Wall Street’s revenue expectations in Q3 CY2025, with sales flat year on year at $757.8 million. Its non-GAAP profit of $0.74 per share was in line with analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after optimism surged over a potential trade truce between the U.S. and China. This sector, which includes companies that sell non-essential goods like apparel and entertainment, is particularly sensitive to international trade relations. Many of these businesses rely on China for manufacturing and as a significant consumer market. A favorable trade agreement could lead to lower tariffs, reducing production costs and potentially boosting sales in the region. The easing of trade tensions often improves overall economic sentiment, which can encourage consumers to spend more freely on discretionary items, directly benefiting these companies' revenues and profitability.
Carter's Q3 earnings miss revenue estimates, sending stock down 10%. The children's apparel maker meets EPS targets but faces profit pressure from tariffs and announces major cost cuts.
Children’s apparel manufacturer Carter’s (NYSE:CRI) missed Wall Street’s revenue expectations in Q3 CY2025, with sales flat year on year at $757.8 million. Its non-GAAP profit of $0.74 per share was in line with analysts’ consensus estimates.
Children’s apparel manufacturer Carter’s (NYSE:CRI)
will be announcing earnings results this Monday before the bell. Here’s what investors should know.
A number of stocks jumped in the afternoon session after a cooler-than-expected inflation report fueled optimism for potential Federal Reserve rate cuts. The September Consumer Price Index (CPI) rose 3.0% year-over-year, coming in just below the 3.1% analysts had forecast. While still above the Federal Reserve's 2% target, investors interpreted the slight cooling as a sign that inflationary pressures may be easing, potentially giving the central bank room to consider interest rate cuts in the near future. Sectors that are typically sensitive to interest rates, such as real estate and utilities, saw a notable lift. Lower rates can reduce borrowing costs and increase the appeal of dividend-paying stocks, boosting investor confidence in these areas.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how apparel and accessories stocks fared in Q2, starting with Guess (NYSE:GES).
Looking back on apparel and accessories stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including PVH (NYSE:PVH) and its peers.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI)
jumped 3% in the morning session after an analyst at Barclays increased the price target on the shares to $23 from $22.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI)
jumped 7.3% in the afternoon session after the broader market rallied as President Donald Trump's comments eased trade tensions with China.
A number of stocks fell in the afternoon session after worries over worsening trade relations with China were triggered by critical comments from President Donald Trump.
A number of stocks fell in the afternoon session after investors paused a record-setting rally amid uncertainty from the ongoing U.S. government shutdown.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at VF Corp (NYSE:VFC) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Tapestry (NYSE:TPR) and its peers.
