Oct 30, 6:11 AM ET
Carter's reported fiscal third-quarter 2026 results, with net sales down 0.7% to $752.5 million and GAAP diluted EPS of $1.00 versus $0.32 a year earlier. The company also updated its full-year 2026 outlook, projecting adjusted diluted EPS of $3.05 to $3.23 versus $3.47 in fiscal 2025, and COO Richard F. Westenberger gave notice that he will step down, while remaining CFO. Shareholders get a mixed picture: profit improved sharply while sales slipped and the outlook implies lower adjusted earnings for the year.
- Q3 net sales $752.5 million vs $757.8 million a year earlier; GAAP operating income $55.8 million vs $29.1 million
- Adjusted diluted EPS $1.03 vs $0.74 in Q3 2025; GAAP diluted EPS $1.00 vs $0.32
- Fiscal 2026 outlook: net sales $2.91 billion to $2.93 billion; adjusted diluted EPS $3.05 to $3.23 vs $3.47 in fiscal 2025
- Richard F. Westenberger gave notice on October 26, 2026 that he will step down as COO once a successor is appointed
Read the filing on SEC.gov ↗
Jul 31, 6:18 AM ET
Carter's reported second-quarter fiscal 2026 net sales up 5.2% to $615.5 million, and GAAP operating income of $139.8 million and diluted EPS of $2.87 were boosted by a $132 million recovery of previously paid import duties and interest. The company's full-year outlook projects adjusted diluted EPS to fall by a high single-digit to low double-digit percentage from $3.47, so the quarter's gains do not carry through to the full year.
- Net sales were $615.5 million, up 5.2% from $585.3 million; U.S. Retail comparable sales rose 5.1%.
- GAAP diluted EPS was $2.87 versus $0.01, including a $127.7 million tariff refund recovery; adjusted diluted EPS was $0.26 versus $0.17.
- Fiscal 2026 outlook projects net sales growth of 2% to 3% and adjusted diluted EPS down high single-digit to low double-digit percent from $3.47.
- Third-quarter outlook projects adjusted diluted EPS of about $0.85, compared with $0.74 in the third quarter of fiscal 2025.
Read the filing on SEC.gov ↗
May 6, 6:17 AM ET
Carter's reported first-quarter fiscal 2026 net sales of $681.1 million, up 8.1% from a year earlier, but net income fell to $14.3 million, or $0.39 per diluted share, from $0.43. Adjusted diluted EPS was $0.39 versus $0.66 a year earlier, and management reiterated its full-year outlook while citing higher tariffs, investment spending and interest costs as pressures on profit.
- Net sales of $681.1 million vs. $629.8 million; U.S. Retail comparable sales rose 10.5%.
- Diluted EPS $0.39 vs. $0.43; adjusted diluted EPS $0.39 vs. $0.66 in the prior-year quarter.
- Full-year fiscal 2026 outlook reiterated, with adjusted EPS projected to decline by a low double-digit to mid-teens percentage from $3.47.
- Sharon Price John is slated to become CEO next month; no shares were repurchased and $9.2 million was paid in dividends.
Read the filing on SEC.gov ↗
May 1, 4:16 PM ET
Carter's appointed Sharon Price John, former Build-A-Bear Workshop CEO, as Chief Executive Officer and President effective June 15, 2026, and she will join the Board. Douglas C. Palladini left the CEO role and the Board effective April 28, 2026, and CFO and COO Richard F. Westenberger is serving as interim CEO. The company also reaffirmed its first quarter and full-year fiscal 2026 outlook first given on February 27, 2026, and will report first quarter results on May 6, 2026.
- Sharon Price John starts as CEO and President on June 15, 2026, with a base salary of $1.3 million and a target annual cash bonus of 175%
- John receives a $6.5 million sign-on equity grant and a one-time cash bonus of $500,000 within 30 days of her start date
- Douglas C. Palladini departed as CEO, President and director effective April 28, 2026, and is eligible for severance
- Richard F. Westenberger is interim CEO and President at a monthly cash stipend of $110,000, and the outlook from February 27, 2026 was reaffirmed
Read the filing on SEC.gov ↗
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