Carters Q3 Sales Miss with Q4 Turnaround Hints

about 2 months ago

Nora Melinda

"Yes, taking a look at ticker CRI. We're seeing shares of Carters up uh as much as 8% uh now pairing their gain a bit up about 2% and trading and this is after the company did report a net sales miss during the third quarter but the company is saying that this fourth quarter comparable sales are "quote unquote off to a good start." The company's also planning to reduce offices office space roles by about 15% by the end of this year and it did boost the amount of stores that it plans to close as well. We were just talking about this earlier on uh surveillance."

The speaker discusses ticker CRI, noting that despite a net sales miss in Q3, Carters' Q4 comparable sales are off to a good start. The company is also taking cost-saving measures like reducing office space roles and closing more stores.

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