secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001060822-24-000154
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter's Q3: sales $758M, beats objectives; raises FY adj. EPS outlook to $4.70-5.15
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- Net sales $758M vs $792M in Q3 2023; diluted EPS $1.62 vs $1.78; adjusted EPS $1.64 vs $1.84.
- Operating margin 10.2% (adjusted) vs 12.2% in Q3 2023; cash flow improved with no seasonal borrowings.
- Reaffirmed FY2024 net sales outlook $2.785-2.825B; raised adjusted diluted EPS to $4.70-$5.15.
- Returned $138M to shareholders YTD through dividends and share repurchases.
- Investing $40M in pricing and $10M in brand marketing in H2 2024; management cites improving sales trends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000106082224000154/0001060822-24-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000106082224000154/cri-20241025.htm
  HTML page:      https://secwatch.observer/filing/0001060822-24-000154

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