Carter’s Faces Critical Restructuring Amid Deepening Crisis

The children’s apparel retailer Carter’s finds itself navigating its most severe operational challenge in recent memory. Following a disappointing quarterly performance and substantial profit deterioration, the company has initiated aggressive countermeasures. A sweeping restructuring plan involving the closure of 150 retail locations and the elimination of 300 corporate positions aims to secure the company’s future. The central question for investors is whether these emergency actions can effectively reverse the downward trajectory.

Investors were confronted with a distressing financial report. While the adjusted earnings per share of $0.74 marginally surpassed analyst expectations of $0.72, revenue told a different story. Sales reached $758 million, falling short of the projected $771 million. The most alarming development, however, Read more...