secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001060822-24-000138
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter's Q2 net sales $564M, EPS $0.76; FY2024 outlook lowered
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- Net sales $564M vs $600M YoY (-6%); diluted EPS rose to $0.76 from $0.64.
- Operating margin improved to 7.0% from 6.3%; record gross profit margin cited.
- Returned $54M to shareholders in Q2 via dividends and buybacks; $92M in H1 2024.
- FY2024 outlook: net sales $2.785-2.825B, adjusted diluted EPS $4.60-$5.05 (reduced).
- CEO cites weaker consumer confidence and elevated costs; plans investments in product and marketing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000106082224000138/0001060822-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000106082224000138/cri-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001060822-24-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer