Fri, Apr. 8, 10:17 AM
- Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
- There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
- Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
- Now read Sell Your Apparel Stocks
Fri, Feb. 19, 11:53 AM
- The apparel sector is on shaky ground after weak earnings reports from VF Corp. and Nordstrom set the tone.
- Weather and F/X dinged VF Corp. more than expected, while Nordstrom was whacked by promotions and a higher mix of e-commerce.
- Notable decliners include Carter's (CRI -3.9%), PVh Corp. (PVH -2.7%), Kate Spade (KATE -2.8%), Gildan Activewear (GIL -2.1%), Hanesbrands (HBI -3.5%), Gap (GPS -1.1%), Lululemon (LULU -1.1%), Urban Outfitters (URBN -2%), Genesco (GCO -2%), and Sequential Brands Group (SQBG -1.1%).
Dec. 16, 2015, 10:15 AM
- Apparel prices were lower in November almost across the board, except when it came to clothes for young kids.
- Baby and toddler apparel prices rose 4.9% Y/Y in November on an adjusted basis and were up 1% from October.
- Stronger pricing could help Carter's (CRI +0.8%) and The Children's Place (PLCE +0.3%) if it sustains.
- BLS CPI data
Oct. 29, 2015, 9:45 AM
- Carter's (NYSE:CRI) is down 5.2% after reporting a retail stores comparable sales decline of 5.6% in Q3.
- The company's adjusted operating margin increased 120 bps to 15.4% off some leveraging of expenses.
- Investors seem to be skittish off the tone of management during the earnings call on Q4 trends.
- Previously: Carter's beats by $0.06, misses on revenue (Oct. 29 2015)
Apr. 29, 2015, 10:24 AM
- Carter's (CRI +5.9%) trades higher after showing strength in its Q1 report.
- Sales in both the Carter's and OshKosh Bgosh retail segments rose at a double-digit clip to help offset a slip in global sales
- Operating margin rate +290 bps to 12.3% with expense leverage kicking in.
- Guidance: The company expects FY15 sales growth of 5% and EPS growth of 10% to 14%.
- Previously: Carter's beats by $0.23, beats on revenue
Mar. 23, 2015, 10:02 AM
- Weak guidance from Kansas City Southern is taking down some peers on fears of a drop in energy segment revenue.
- There is also concern in the sector on tighter regulations after an increase in accidents.
- Previously: Kansas City Southern lowers 2015 revenue outlook (Mar. 23 2015)
- Decliners: Union Pacific (NYSE:UNP) -2.0%, Norfolk Southern (NYSE:NSC) -1.1%, Genesee & Wyoming (NYSE:GWR) -1.0%, CSX (NYSE:CSX) -1.2%, Canadian Pacific (NYSE:CP) -1.4%, Canadian National Railway (NYSE:CRI) -1.0%.
Oct. 23, 2014, 9:10 AM
Oct. 8, 2014, 10:04 AM
Dec. 18, 2012, 10:57 AM
Feb. 29, 2012, 2:32 PM
The holidays weren't kind to many apparel companies, but Carter's (CRI +9.4%) easily beat its guidance and analyst views. Q4 core EPS surprisingly rose as weaker gross margins were offset by overhead rising less than revenue. Same-store sales grew ~7% for both the namesake and OshKosh chains, and CRI expects solid overall top-line gains for this year.| Feb. 29, 2012, 2:32 PM
Dec. 6, 2011, 8:24 AM
Baby apparel maker Carter's (CRI) gains 1.8% thanks to an upgrade to Buy from Goldman. The firm, which is also lifting its PT to $46, believes Carter's is "in the early stages of raising prices in its wholesale business," so as to offset rising costs. P-E firm Berkshire Partners owns a large stake in Carter's, and has been looking to make its presence felt.| Dec. 6, 2011, 8:24 AM
May 25, 2011, 2:36 PM
Shares of children's retailer Carter's (CRI +13.7%) spike after the Berkshire Fund reported it held a 13.2% stake and could discuss going-private transactions with the company's management, according to an SEC filing. The news fuels speculation the buyout firm will pressure Carter's to entertain takeover offers.| May 25, 2011, 2:36 PM