ATLANTA - Carter’s, Inc. (NYSE: CRI), a prominent North American marketer of baby and young children’s apparel, has pledged $1 million to Boys & Girls Clubs of America to support early childhood development. This initiative marks the company as the organization’s first national partner focused exclusively on this critical age group of 0-5 years.
The donation is part of a multi-year partnership that also includes a vow of 50,000 volunteer hours from Carter’s employees. The partnership aims to tackle the need for accessible and affordable early childhood care by developing resources for local Clubs to support cognitive and skill development in young children.
In addition to the early childhood development focus, Carter’s will enhance the Boys & Girls Clubs’ Summer Brain Gain-READ program. This program, which addresses learning loss during the summer months for children ages 6-9, will benefit from a new literacy module backed by the company.
Amanda Ruckel, Senior National Director of Partnerships & Growth at Boys & Girls Clubs of America, emphasized the importance of summer programs in keeping young minds active and engaged. She expressed enthusiasm for expanding the curriculum with Carter’s support, particularly in literacy.
Jill Wilson, Senior Vice President of Human Resources & Talent Management at Carter’s, highlighted the company's commitment to supporting the journey of childhood and the partnership’s role in expanding the reach to assist young children and their families.
Carter’s, with over 1,000 retail stores, many of which are located near Boys & Girls Clubs, is well-positioned to facilitate employee volunteerism in local communities across North America.
The information in this article is based on a press release.
InvestingPro Insights
As Carter’s, Inc. (NYSE: CRI) cements its commitment to early childhood development with a significant donation to Boys & Girls Clubs of America, the company's financial health remains a key consideration for investors. Carter’s boasts a strong financial position with a market capitalization of $2.64 billion and a P/E ratio that stands at 11.58, suggesting a potentially undervalued stock when considering the industry average. The company’s commitment to shareholder returns is evident with a notable dividend yield of 4.44%, supported by a consistent history of dividend payments over the past 12 years.
InvestingPro Tips for Carter's (NYSE:CRI) highlight the company's high shareholder yield and a valuation that implies a robust free cash flow yield. These insights suggest that the company is managing its finances prudently while rewarding its shareholders. Additionally, analysts have a positive outlook, predicting Carter's will be profitable this year, a sentiment supported by the company's profitability over the last twelve months.
Investors interested in a deeper dive into Carter’s financials and how they may align with the company's philanthropic endeavors can find more InvestingPro Tips at https://www.investing.com/pro/CRI. There are 8 additional tips available to help inform your investment decisions. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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