Carter's Q1 net sales $781M, EPS $1.66 beat expectations; reaffirms FY2022 outlook

CARTERS INC

2022-Q1 EPS reported $1.66 revenue$781,284,000

Q1 net sales $781M and diluted EPS $1.66 exceeded company expectations.
Returned $105M to shareholders via share repurchases and dividends.
Reaffirms FY2022 guidance: net sales growth 2-3%, adjusted diluted EPS growth 12-14%.
Inventory levels improved, supporting higher wholesale and international demand.
Retail sales declined due to store closures, Easter timing, and lack of prior-year stimulus.

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