earnings
confidence high
sentiment negative
materiality 0.65
Carter's Q3 net sales $819M, diluted EPS $1.67; widens FY outlook range on inflation
CARTERS INC
2022-Q3 EPS reported
$4.26
revenue$2,300,603,000
- Q3 net sales $819M, operating income $92M, diluted EPS $1.67.
- Full-year FY2022 outlook: net sales ~$3.145B to $3.185B; adj. diluted EPS ~$6.05 to $6.65.
- $331M returned to shareholders YTD via share repurchases and dividends.
- CEO cites historic inflation weighing on demand, especially for families with young children.
- Supply chain improving but on-time deliveries not yet at pre-pandemic levels due to East Coast port congestion.