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Earnings
Carter's withdraws Q1, FY20 guidance, suspends store operations in U.S., Canada » 06:28
03/26/20
03/26
06:28
03/26/20
06:28
CRI

Carter's

$72.60 /

+2.11 (+2.99%)

Carter's provided a…

Carter's provided a business update related to the COVID-19 pandemic. In light of the uncertainty and disruption related to COVID-19, the Company has taken the following actions: For the safety of customers and employees, the company suspended store operations in the United States and Canada beginning on March 19. To support thousands of dedicated store employees affected by this decision, the company plans to continue their compensation and benefits through early April. Legislation pending in the United States and recently enacted in Canada is expected to provide additional assistance to the company's employees if store openings are delayed beyond early April due to continued concerns about their safety. The company expects to reopen its stores as local conditions permit. To support consumer demand, the company will continue to make its brands available 24/7 online at www.carters.com, www.oshkosh.com, or www.skiphop.com. The company's distribution centers continue to operate and fulfill online demand from consumers and its wholesale customers. The company is withdrawing financial guidance provided on February 24 for the first quarter and fiscal year 2020. To improve near-term liquidity, the company has drawn substantially all of the $750M available under its revolving credit facility. To create additional financial flexibility, the company is reducing costs, inventory commitments, and capital expenditures. With respect to return of capital initiatives, the company has suspended its share repurchase program and its Board of Directors will evaluate future dividend declarations based on a number of factors, including business conditions, the company's financial performance, and other considerations. The company expects to issue first quarter fiscal 2020 results and provide a business update at the end of April.

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Over a month ago
Conference/Events
UBS to hold a conference » 07:54
03/04/20
03/04
07:54
03/04/20
07:54
BBY

Best Buy

$76.69 /

-2.725 (-3.43%)

, HEINY

Heineken

$0.00 /

+ (+0.00%)

, SKX

Skechers

$31.51 /

-2.31 (-6.83%)

, WEN

Wendy's

$19.16 /

-0.46 (-2.34%)

, EYE

National Vision

$35.85 /

-0.53 (-1.46%)

, BUD

AB InBev

$56.62 /

-1.99 (-3.40%)

, TWNK

Hostess Brands

$12.80 /

+0.12 (+0.95%)

, NOMD

Nomad Foods

$19.68 /

+0.305 (+1.57%)

, SWMAY

Swedish Match

$0.00 /

+ (+0.00%)

, ABEV

Ambev

$3.28 /

-0.025 (-0.76%)

, CL

Colgate-Palmolive

$71.75 /

-0.67 (-0.93%)

, CRI

Carter's

$91.40 /

-3.73 (-3.92%)

, DEO

Diageo

$144.18 /

-1.09 (-0.75%)

, DVDCY

Campari

$0.00 /

+ (+0.00%)

, EBAY

eBay

$36.72 /

+0.77 (+2.14%)

, WW

WW

$29.61 /

-0.4 (-1.33%)

, SPB

Spectrum Brands

$59.02 /

+1.27 (+2.20%)

, RL

Ralph Lauren

$106.43 /

-1.06 (-0.99%)

, PG

Procter & Gamble

$118.18 /

-1.32 (-1.10%)

, KO

Coca-Cola

$56.07 /

+0.16 (+0.29%)

, HBI

Hanesbrands

$12.34 /

-1.01 (-7.57%)

, ENR

Energizer

$46.00 /

-0.16 (-0.35%)

, EL

Estee Lauder

$188.34 /

-5.06 (-2.62%)

Global Consumer &…

Global Consumer & Retail Conference will be held in Boston on March 4-5 with webcasted company presentations to begin on March 4 at 8 am; not all company presentations may be webcasted. Webcast Link

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Hot Stocks
Carter's: Q1, FY20 guidance does not include potential effects of coronavirus » 06:23
02/24/20
02/24
06:23
02/24/20
06:23
CRI

Carter's

$110.76 /

-0.61 (-0.55%)

The company is closely…

The company is closely monitoring the outbreak of a respiratory illness caused by a novel coronavirus that was first detected in Wuhan, China. The virus has affected several industries within China, including textile production and manufacturing. The company plans to source approximately 15% of its products from China in 2020. Additionally, the company's suppliers throughout Asia source a significant amount of fabric from China. Travel restrictions delayed the return of factory workers following the recent conclusion of the Chinese New Year holiday. The company's suppliers have not yet determined, with certainty, the impact of production delays. Accordingly, the financial impact of any delayed receipts from China is not known at this time. The company's guidance for fiscal year 2020 and the first quarter of fiscal 2020 does not include any adjustments for potential effects of the coronavirus situation.

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Earnings
Carter's sees Q1 adjusted EPS approximately 60c, consensus 95c » 06:20
02/24/20
02/24
06:20
02/24/20
06:20
CRI

Carter's

$110.76 /

-0.61 (-0.55%)

For the first quarter of…

For the first quarter of fiscal 2020, the company projects net sales will be comparable to the first quarter of fiscal 2019 and adjusted diluted earnings per share will be approximately 60c compared to adjusted diluted earnings per share of 87c in the first quarter of fiscal 2019. This forecast for first quarter fiscal 2020 adjusted diluted earnings per share contemplates: 1) increased investments in information technology, new stores, and marketing, and 2) lower royalty income reflecting the conclusion of a licensing agreement. This forecast for first quarter fiscal 2020 adjusted diluted earnings per share excludes anticipated expenses of approximately $10M-$12M related to organizational restructurings.

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Hot Stocks
Carter's announces new $500M share repurchase plan, raises dividend 20% » 06:18
02/24/20
02/24
06:18
02/24/20
06:18
CRI

Carter's

$110.76 /

-0.61 (-0.55%)

The company's Board…

The company's Board of Directors on February 13 authorized a new $500M share repurchase program and approved a 20% increase in its quarterly cash dividend, to 60c per share, for payment on March 20 to shareholders of record at the close of business on March 6.

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Earnings
Carter's sees FY20 adjusted EPS growth 4%-6%, consensus $7.05 » 06:17
02/24/20
02/24
06:17
02/24/20
06:17
CRI

Carter's

$110.76 /

-0.61 (-0.55%)

Sees FY20 net sales…

Sees FY20 net sales growth 2%-3%, consensus $3.63B.

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Earnings
Carter's reports Q4 adjusted EPS $2.81, consensus $2.89 » 06:16
02/24/20
02/24
06:16
02/24/20
06:16
CRI

Carter's

$110.76 /

-0.61 (-0.55%)

Reports Q4 revenue $1.1B,…

Reports Q4 revenue $1.1B, consensus $1.1B.

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Over a quarter ago
Conference/Events
Citigroup to hold a conference » 08:41
12/11/19
12/11
08:41
12/11/19
08:41
SYY

Sysco

$82.50 /

-0.63 (-0.76%)

, BUD

AB InBev

$78.11 /

-0.7 (-0.89%)

, CPRI

Capri Holdings

$37.91 /

-0.595 (-1.55%)

, CRI

Carter's

$101.21 /

-1.18 (-1.15%)

, CCEP

Coca-Cola European Partners

$49.59 /

+ (+0.00%)

, BREW

Craft Brew

$16.46 /

+ (+0.00%)

, GSK

GlaxoSmithKline

$46.13 /

+0.5 (+1.10%)

, HLF

Herbalife Nutrition

$45.08 /

+0.265 (+0.59%)

, MED

Medifast

$89.27 /

+0.315 (+0.35%)

, UN

Unilever

$60.19 /

-0.29 (-0.48%)

, TSCDY

Tesco

$0.00 /

+ (+0.00%)

, SWMAY

Swedish Match

$0.00 /

+ (+0.00%)

, RBGLY

Reckitt Benckiser

$0.00 /

+ (+0.00%)

, NSRGY

Nestle

$0.00 /

+ (+0.00%)

, MAKSY

Marks & Spencer

$0.00 /

+ (+0.00%)

, BTI

British American Tobacco

$39.32 /

-0.28 (-0.71%)

Global Consumer…

Global Consumer Conference will be held in London, England on December 10-11.

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Conference/Events
Carter's management to meet with DA Davidson » 04:55
10/30/19
10/30
04:55
10/30/19
04:55
CRI

Carter's

$100.18 /

+0.19 (+0.19%)

Meeting to be held in…

Meeting to be held in Atlanta on October 30 hosted by DA Davidson.

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Conference/Events
Carter's management to meet with DA Davidson » 17:20
10/28/19
10/28
17:20
10/28/19
17:20
CRI

Carter's

$99.99 /

-0.08 (-0.08%)

Meeting to be held in…

Meeting to be held in Atlanta on October 30 hosted by DA Davidson.

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