06:32 AM EDT, 10/27/2025 (MT Newswires) -- Carter's (CRI) reported fiscal Q3 adjusted earnings Monday of $0.74 per diluted share, down from $1.64 a year earlier.

Analysts surveyed by FactSet expected $0.73.

Revenue for the quarter ended Sept. 27 was $757.8 million, down from $758.5 million a year earlier.

Analysts surveyed by FactSet expected $772.3 million.

Additionally, the company said it plans to cut about 300 office-based jobs, or 15% of its workforce, by the end of 2025.

Carter's said it expects to record a $6.1 million charge in Q3 and $4 million to $5 million in Q4 for severance and outplacement costs, with payments extending into H1 2026.

The restructuring is projected to save about $35 million annually starting in 2026, the company said.

Shares of Carter's fell more than 16% in recent Monday premarket activity.

Price: 26.90, Change: -5.45, Percent Change: -16.85