Needham reaffirmed its Hold rating on Carter's while cutting its earnings forecast for the third quarter of fiscal 2026 against a backdrop of weak demand.
Needham was reported to have indicated that it would maintain its Hold rating on Carter's (NYSE:CRI). In line with this, the company's earnings outlook is expected to be revised downward.
The article cites weak demand for Carter's as a factor behind the downward revision to its earnings outlook. It does not mention specific figures or timing.