Carter's cuts quarterly dividend to $0.25, plans strategic growth initiatives

CARTERS INC

Board declared $0.25 per share quarterly dividend payable June 20, 2025 to holders of record June 2, 2025; reduction from prior $0.35.
New CEO Doug Palladini to present strategic plan to return to growth on Q2 2025 earnings call later this summer.
Dividend cut reflects need for strategic investments and potential tariff impact on product costs; cash position and liquidity remain strong.
Palladini cites challenging market environment and misalignment of current dividend with profitability.

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