Carter Q4 Earnings & Sales Surpass Estimates, Stock Down
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Carter's (CRI) reported Q4 earnings and sales that surpassed estimates, but the stock fell due to marginal sales growth and a decline in profit. The profit drop was attributed to higher freight costs, intense promotional competition, and macroeconomic challenges.
February 26, 2025 | 6:15 pm
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Carter's Q4 earnings and sales exceeded expectations, but the stock declined due to marginal sales growth and a profit drop caused by increased freight costs, competitive pressures, and macroeconomic issues.
Despite surpassing earnings and sales estimates, Carter's stock fell due to concerns over profit decline. The decline was driven by higher freight costs, competitive pressures, and macroeconomic challenges, which are significant factors for investors.
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