Carter’s, Inc. (NYSE: CRI) reported first-quarter fiscal 2026 net sales of $681 million, an 8% increase from the previous year, despite a decline in earnings per share to $0.39 from $0.43. The company’s interim CEO, Richard Westenberger, indicated positive growth across retail, wholesale, and international segments, while acknowledging challenges from tariffs, increased spending, and higher interest costs. U.S. retail net sales rose nearly 13%, with comparable sales up over 10%.
International sales grew by 14%, led by strong performances in Canada and Mexico, where net sales increased by more than 40%. Carter’s reaffirmed its full-year outlook, anticipating low- to mid-single-digit sales growth while projecting adjusted earnings per share to decline by low double digits from 2025’s adjusted EPS of $3.47. Tariff impacts remain a significant concern, with expected cost increases up to $30 million depending on tariff adjustments throughout the year.
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