From Nasdaq:

Carter’s, Inc. CRI stock has been performing well due to its strong business strategies. The company’s success in its pricing strategy, inventory management, and improved product offerings have been driving growth. Carter’s has seen improved price realization and profit margins, lower ocean freight rates, and better inventory management, leading to improved cash flow and financial performance.

In addition to its pricing strategy, Carter’s is also focused on efficient cost management and operational improvements, which resulted in expansion of margin rates. Gross margin expanded by 228 basis points in third quarter, aided by lower ocean freight rates and lower inventory levels.

Carter’s primary focus is on boosting essential core products and offering competitive price points, making it an attractive option for budget-conscious consumers. The company’s pricing strategy keeps its brands competitively priced, within $1 or $2 of private label brands, to maintain a competitive edge in the market.

Despite inflation-related impacts, demand trends in the wholesale segment have been improving. The U.S. wholesale segment’s sales increased 4.1% year over year in the third quarter. Analysts are optimistic about Carter’s, anticipating growth of 2.6% in sales and 7.4% in earnings per share for 2024.

For stock recommendations, Zacks Investment Research has handpicked 5 stocks set to double their value in 2023. These reports provide great opportunities to invest in stocks that are flying under Wall Street’s radar. Among the recommended stocks are Carter’s, Skechers, Wolverine, and Caleres.



Read more: Carter’s (CRI) Robust Strategic Efforts Appear Encouraging