Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, will report its first quarter fiscal 2020 results before the market opens on Tuesday, May 5, 2020.

Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]

Q1 2020 Carter's Inc Earnings Call

Beating the first quarter's market crash took some extreme strategies, such as moving nearly everything to cash, or going very short. Now, fund managers who prevailed during the worst start to a year for U.S. stocks are betting on recession-resilient companies to take them to the next leg. With few expecting a quick end to the market's volatility, managers are seeking companies with strong balance sheets that can weather what could be a deep but short recession, according to a recent Reuters poll.

Carter’s, Inc. ("Carter’s") (NYSE: CRI) today announced that its wholly-owned subsidiary The William Carter Company (the "Company") has priced an offering of $500,000,000 aggregate principal amount of 5.500% senior notes due 2025, representing an increase of $100,000,000 in aggregate principal amount from the initially proposed offering size. The notes were priced at par. The offering is expected to close on May 11, 2020, subject to customary closing conditions.

Carter's also said it is canceling and significantly reducing inventory commitments and extending payment terms with suppliers, vendors, and landlords.

Shares of Carter's (NYSE:CRI) were flat after the company reported Q1 results.Quarterly Results Earnings per share fell 6.90% year over year to $0.81, which may not compare to the estimate of $0.24.Revenue of $654,473,000 less by 11.68% year over year, which missed the estimate of $674,900,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 05, 2020View more earnings on CRITime: 02:02 PM ETWebcast URL: https://edge.media-server.com/mmc/p/aiahiscmPrice Action Company's 52-week high was at $112.45Company's 52-week low was at $60.17Price action over last quarter: down 17.61%Company Profile Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products primarily through three channels: branded retail stores in the United States and Canada, company websites, and department stores and other wholesale locations. The majority of Carter's sales are in the U.S. and through the Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.See more from Benzinga * TopBuild: Q1 Earnings Insights * Recap: Louisiana-Pacific Q1 Earnings * Recap: Karyopharm Therapeutics Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The company has halted its stock buyback program and suspended dividends Continue reading...

Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, today reported its first quarter fiscal 2020 results.

Carter's (CRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

As the coronavirus pandemic has taken hold of the U.S., countless businesses have been forced to close and lay off or furlough workers.  Nationwide unemployment claims continue to rise to over 16 million as another 6.

Carter’s, Inc. ("Carter’s") (NYSE: CRI) today announced that its wholly-owned subsidiary The William Carter Company (the "Company") intends to commence an offering of $400,000,000 aggregate principal amount of senior notes due 2025, subject to market and other conditions.

Palm Valley Capital Fund published its 2020 Q1 investor letter on April 1st. The bearish mutual fund reported a 0.79% gain for the first quarter of 2020. As of the most recent prospectus, the Fund’s gross expense ratio is 2.02% and the net expense ratio is 1.25%. Palm Valley Capital Management has contractually agreed to […]

Children and baby apparel maker Carter's Inc. remains a "top idea" for Wells Fargo analysts, who see the category as a defensive stock in an economic downturn. In the last downturn from September 2008 through September 2009, baby and kids apparel fell 2.8% on average each month while U.S. apparel as a whole fell 5.8% each month. Carter's also has a widespread e-commerce business, and a strong presence at key retailers like Walmart Inc. , Target Corp. and Amazon.com Inc. . Wells Fargo rates Carter's stock overweight with a $10 price target. Carter's shares are down 34.7% over the past year while the S&P 500 index has fallen 4.6%.

Carter's (CRI) Q1 results are affected by store closures, declining sales and soft demand stemming from the COVID-19 crisis. Due to such adverse impacts, management has withdrawn 2020 view.

Carter's (CRI) furloughs store employees in North America from Apr 3 as a result of extended store closures due to the coronavirus outbreak.

To protect the health and safety of its shareholders, employees and other stakeholders during the coronavirus pandemic, Carter’s, Inc. (NYSE:CRI) today announced that its 2020 Annual Meeting of Shareholders (the "2020 Annual Meeting") will be conducted through an online virtual meeting, and will no longer include an in-person event. The previously announced date and time of the 2020 Annual Meeting (May 14, 2020, at 8:00 a.m. Eastern Daylight Time), and the business items to be considered at the 2020 Annual Meeting, remain the same. However, shareholders will not be able to attend the meeting in person.

Moody's Investors Service (Moody's) assigned a Ba2 to The William Carter Company's (Carter's) proposed $400 million senior unsecured notes due 2025. Concurrently, Moody's affirmed the company's Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR) and Ba2 rating on the $500 million senior unsecured notes due 2027. The speculative-grade liquidity rating was downgraded to SGL-2 from SGL-1.

CRI earnings call for the period ending March 31, 2020.

Carter’s, the most trusted name in baby, toddler and children’s apparel, announces "ShowHER Love," a one-of-a-kind virtual baby shower hosted by Kelly Clarkson to celebrate moms and expectant moms during the current unexpected times. ShowHER Love will feature gifts and giveaways, inspirational stories, and a number of exciting guests, including actress and entrepreneur Tia Mowry, Olympic gold medalist Shawn Johnson East, multi-platinum recording artist and actress Jordin Sparks, author and founder of The Giving Keys Caitlin Crosby, executive chairman and founder of ClassPass Payal Kadakia, Kristin Hensley & Jen Smedley of IMOMSOHARD, co-founder of Drybar Alli Webb, and more.