Carter's rises on plans to cut jobs, shutter stores
ReutersOct 27, 2025 2:13 PM
Shares of children's apparel retailer Carter's CRI.N up about 5% at $33.77 in early trading
Plans to reduce its office-based roles by about 300 positions, or 15% of workforce, by the end of 2025
Targets to close about 150 stores in North America over the next three years, up from its prior plans of 100 closures
*Company sees $10 million in annual SG&A spending reductions across a number of categories, with savings beginning in 2026
Warns of pre-tax earnings impact of tariffs between $200 million and $250 million on an annualized basis
Posts Q3 revenue of $757.8 million, missing estimate of $769.8 million; adjusted EPS of 74 cents in line with estimates - data compiled by LSEG
Stock down 40% YTD
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Fed October Meeting Preview: Rate Cuts to Break 4% and an Earlier End to QT
TradingKey - At the Federal Reserve meeting ending Wednesday, October 29, policymakers are widely expected to follow through on the rate-cutting path outlined in the September Summary of Economic Projections — delivering a 25-basis-point rate cut, the second of 2025. Simultaneously, with bankTradingKey
11 hours ago
Meta (META), Microsoft (MSFT) and Other Tech Giants Set to Report Earning.Fed Takes Center Stage as Multiple Central Banks Announce Policy Decisions【T
TradingKey - U.S. stocks closed at record highs last week as investors boosted bets on further Federal Reserve rate cuts following a batch of tame inflation data.TradingKey
14 hours ago
Fed’s October Rate Cut: Easing Cycle Continues, Gold Likely to Keep Rising
In an environment of sustained rate cuts, we remain optimistic about gold's performance over the next 12 months.TradingKey
22 hours ago
Tesla’s Megapack Leads the Surge in Energy Storage Stocks
TradingKey - Long an afterthought in the U.S. energy system, grid-scale battery storage is rapidly moving from the margins to the mainstream.TradingKey
Fri, Oct 24
Apple’s Seasonal Q4 Rally Kicks In — Will iPhone 17 Break the Upgrade Cycle and Add More Fuel?
TradingKey - Historical data over the past decade shows a clear seasonal trend in Apple’s stock price: consistent gains in Q3 and Q4. While not guaranteed, unexpectedly strong demand for the iPhone 17 series is now reinforcing confidence in Apple’s solid performance, sharply reversing earlierTradingKey
Fri, Oct 24
