Why Carter's (CRI) Shares Are Falling Today
Update: 2025-10-29
Description
Carter's, a children's apparel company, experienced a significant drop in stock value after reporting disappointing Q3 results and announcing restructuring plans. The company's profits fell by 93% year-over-year, and earnings per share dropped from $1.62 to $0.32. Despite maintaining revenue, the company failed to meet Wall Street's expectations. Higher production costs, particularly due to increased tariffs, have negatively impacted profits. In response, Carter's plans to close 150 stores and cut 300 jobs, while also suspending guidance for the next fiscal year. The company's stock has been volatile, with more than 20 moves greater than 5% in the past year, and is currently trading at around $31, a 41.8% decrease from its peak last December. Investors are watching closely as the company navigates trade tensions and their potential impact on costs and sales.
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