Carter's Q2 net sales $701M; adjusted EPS $1.30; full-year outlook lowered

CARTERS INC

2022-Q2 EPS reported $2.59 revenue$1,481,980,000

Q2 net sales $701M; GAAP diluted EPS $0.93; adjusted diluted EPS $1.30.
Returned $132M to shareholders via share repurchases and dividends in Q2.
Full-year fiscal 2022 outlook: net sales ~$3.25-3.30B, adjusted diluted EPS ~$7.10-7.60.
Sales slowed due to absence of stimulus, higher gas prices and inflation.
Company reducing inventory commitments and discretionary spending to mitigate environment.

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