earnings
confidence high
sentiment positive
materiality 0.65
Carter's Q2 net sales $600M, diluted EPS $0.64; FY outlook $2.95-3.00B
CARTERS INC
2023-Q2 EPS reported
$1.59
revenue$1,296,079,000
- Net sales $600M, diluted EPS $0.64 (GAAP and adjusted); Q2 results met sales and earnings objectives.
- Returned $58M to shareholders in Q2 via share repurchases and dividends; $97M returned in H1.
- Full year FY 2023 outlook: net sales $2.95-3.00B, adjusted operating income $325-340M, adjusted diluted EPS $5.95-6.15.
- Comparable retail sales in line with forecast; international sales lower due to cool weather in Canada, but trend improved.
- Plan to focus on margin preservation and cash flow; expect significant improvement in operating cash flow in 2023.