Carter’s Commands Children’s Clothing Market (NYSE:CRI)

Date:


Carter

JHVEPhoto/iStock Editorial via Getty Images

Investment Thesis

Carter’s Inc. (NYSE:CRI) is a leading retailer and wholesaler in the young child and baby clothing market. With a significant 10% market share and many competitors being private labels, CRI excels in a market expected to grow at 4-4.5% CAGR through

E2024

E2025

E2026

Price-to-Sales

1.0

1.0

1.0

Price-to-Earnings

14.3

13.3

12.4

Brand

Description

Flagship retail brands.

Lifestyle brands. Skip Hop focuses more on non-clothing retail items like toys and parenting accessories, while Little Planet focuses on sustainably sourced and organic material clothing.

Partner Brands. Just One You is Target, Child of Mine is Walmart, and Simple Joys is Amazon.

Segment

Quarter ending June Expected

Full Year 2024 Expected

US Retail Revenue

Down 5-10%

Down 5% – Up 5%

US Wholesale Revenue

Down 0-5%

Up 0-5%

International Revenue

Down 5-10%

Flat

Earnings Per Share

$0.35-0.45

$6.30



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