Carter's Lower Prices to Hit Outlook, Interim CEO Says -- Market Talk

Dow Jones

Feb 26, 2025

1212 ET - While Carter's 4Q results were stronger than expected, the outlook for the maker of baby apparel is expected to be more challenging, interim CEO Richard Westenberger says on a call with analysts. The company had to lower prices to better compete against its rivals, with its first-half performance expected to have some residual impact of carrying forward these lower prices from the second half of 2024. Overall, the company cut its prices by $1 to $2 in about 20% of its assortment. "Continuing to lower prices is not envisioned to be a component of our longer-term strategy. Obviously," Westenberger says, while adding that the company will keep an eye on the competitive environment in this regard. Shares fall 15% to $44.02. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 25, 2025 12:12 ET (17:12 GMT)

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The company had to lower prices to better compete against its rivals, with its first-half performance expected to have some residual impact of carrying forward these lower prices from the second half of 2024. Overall, the company cut its prices by $1 to $2 in about 20% of its assortment. \"Continuing to lower prices is not envisioned to be a component of our longer-term strategy. Obviously,\" Westenberger says, while adding that the company will keep an eye on the competitive environment in this regard. Shares fall 15% to $44.02. 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The company had to lower prices to better compete against its rivals, with its first-half performance expected to have some residual impact of carrying forward these lower prices from the second half of 2024. Overall, the company cut its prices by $1 to $2 in about 20% of its assortment. \"Continuing to lower prices is not envisioned to be a component of our longer-term strategy. Obviously,\" Westenberger says, while adding that the company will keep an eye on the competitive environment in this regard. Shares fall 15% to $44.02. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 12:12 ET (17:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514123340","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514123340","pubTimestamp":1740503520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1212 ET - While Carter's 4Q results were stronger than expected, the outlook for the maker of baby apparel is expected to be more challenging, interim CEO Richard Westenberger says on a call with analysts. The company had to lower prices to better compete against its rivals, with its first-half performance expected to have some residual impact of carrying forward these lower prices from the second half of 2024. Overall, the company cut its prices by $1 to $2 in about 20% of its assortment. \"Continuing to lower prices is not envisioned to be a component of our longer-term strategy. Obviously,\" Westenberger says, while adding that the company will keep an eye on the competitive environment in this regard. Shares fall 15% to $44.02. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4202":"服装、服饰与奢侈品","CRI":"卡特"},"translate_title":"临时首席执行官表示，卡特的价格下跌将影响前景——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRI":1},"content_text":"1212 ET - While Carter's 4Q results were stronger than expected, the outlook for the maker of baby apparel is expected to be more challenging, interim CEO Richard Westenberger says on a call with analysts. The company had to lower prices to better compete against its rivals, with its first-half performance expected to have some residual impact of carrying forward these lower prices from the second half of 2024. Overall, the company cut its prices by $1 to $2 in about 20% of its assortment. \"Continuing to lower prices is not envisioned to be a component of our longer-term strategy. Obviously,\" Westenberger says, while adding that the company will keep an eye on the competitive environment in this regard. Shares fall 15% to $44.02. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 25, 2025 12:12 ET (17:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}