- Carter's, Inc. (CRI, Financial) announced a revised capital allocation strategy alongside plans for returning to growth.
- The company declared a quarterly dividend of $0.25 per share, payable on June 20, 2025.
- CEO Doug Palladini indicated plans to present a new strategic growth plan during the second quarter earnings call this summer.
Carter’s, Inc. (CRI), a leading marketer of children’s apparel, has announced updates to its capital allocation strategy, aligning with its ongoing strategic development. CEO Doug Palladini, who joined the team in April, is actively working with the Board and management to devise a growth-oriented strategy. Palladini revealed intentions to present this strategic plan to investors in an upcoming earnings call later this summer.
Amidst these developments, the Board of Directors declared a $0.25 per share quarterly dividend. Scheduled for payment on June 20, 2025, this dividend is payable to shareholders registered as of June 2, 2025. This decision comes as part of the company's reassessment of its dividend strategy in response to market challenges and potential increased costs from proposed tariffs.
Through its strategic adjustments, Carter’s aims to foster consistent, profitable growth and enhance shareholder value, while continuously evaluating its capital allocation priorities.
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