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Stock impact report

Why Carter's Stock Dropped 20.6% in May [The Motley Fool]

Carter's, Inc. (CRI) 
Last carter's, inc. earnings: 2/24 06:16 am Check Earnings Report
US:NYSE Investor Relations: ir.carters.com/investor-overview
Company Research Source: The Motley Fool
Why Carter's Stock Dropped 20.6% in May Global trade concerns left shares of the children's clothing company wrinkled last month. Shares of Carter's ( NYSE:CRI ) declined 20.6% in May, according to data from S&P Global Market Intelligence , even after the kid's clothing retailer announced solid quarterly results and reaffirmed its full-year guidance. On the former, shares were initially little changed following Carter's first-quarter 2019 release on April 30, 2019. But then Carter's stock pulled back hard over the next several weeks, largely in tandem with the broader market -- as the S&P 500 sank nearly 7% last month -- while investors worried over escalating trade tensions between the U.S. and both Mexico and China. It didn't help that Carter's stock had climbed 30% year to date leading up to its quarterly report, leaving shares ripe for a correction. But the company also told investors that international sales during the quarter declined 2.8% (to $88.6 million), as lower sales and Show less Read more
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