Carter's Inc "Management Meeting: Solid Foundation With Room to Improve for..."

研报英文原文证据摘录

Carter's Inc "Management Meeting: Solid Foundation With Room to Improve for..."

. In tandem, product Q2E 0.09 0.06

enhancements have also contributed to improved performance, suggesting that Q3E 0.97 0.83

the combination of stronger storytelling and better merchandise is resonating. Q4E 2.05 1.93

Management indicated there remains additional upside as marketing capabilities 12/26E 3.50 3.22

continue to scale. 12/27E 3.25 3.61

12/28E 3.40 3.87

The product assortment is evolving to reflect shifting consumer preferences, with

Jay Sole newer concepts such as Little Planet offering a cleaner, higher-quality aesthetic.

Analyst

Management noted that today’s parents are seeking more elevated design and jay.sole@ubs.com

thoughtful detail, prompting adjustments across the portfolio. Efforts are also +1-212-713 3559

underway to better serve diverse and multicultural consumer segments. Overall,

Mauricio Serna, CFA

the company is focused on staying aligned with changing tastes while maintaining

its core value proposition. mauricio.serna@ubs.com

On product strategy, the company is beginning to expand into collaborations, +1-212-713 9028

which had previously been a minimal focus. Early results from partnerships such as Natalie Koltermann

Winnie the Pooh with OshKosh have been encouraging, though the contribution Associate Analyst

remains small today. Management views collaborations as incremental rather than natalie.koltermann@ubs.com

+1-212-713 4229 core, helping to drive newness and excitement without diluting brand identity.

Over time, these initiatives are expected to provide a stronger forward benefit as

Highlights (US$m) 12/23 12/24 12/25 12/26E 12/27E 12/28E 12/29E 12/30E

Revenues 2,946 2,844 2,898 3,035 2,997 2,982 2,977 2,984

EBIT (UBS) 328 287 176 199 190 198 202 207