earnings
confidence high
sentiment positive
materiality 0.75
Carter's Q1 net sales $696M, adj. EPS $0.98; reaffirms FY guidance $3.0B, $6.15 adj. EPS
CARTERS INC
2023-Q1 EPS reported
$0.95
revenue$695,880,000
- Net sales of $696M, diluted EPS $0.95, adjusted diluted EPS $0.98; exceeded sales and earnings objectives.
- First-quarter sales and earnings lower YoY due to historic inflation weighing on families with young children.
- Returned $38M to shareholders through share repurchases and dividends.
- Reaffirms full-year FY2023 outlook: net sales ~$3.0B, adjusted operating income ~$350M, adjusted diluted EPS ~$6.15.