Carter's Q3 2023: EPS up 6.6% to $1.78, sales down 3% to $792M, provides full-year outlook

CARTERS INC

2023-Q3 EPS reported $3.36 revenue$2,087,730,000

Net sales $792M (down from $819M); diluted EPS $1.78 vs $1.67; adjusted diluted EPS $1.84.
Operating margin 11.8% (adjusted 12.2%) vs 11.2% in Q3 2022; inventory down over 30% YoY.
Year-to-date operating cash flow $206M; $152M returned to shareholders via buybacks and dividends.
Full-year 2023 outlook: net sales $2.95-2.965B, adjusted operating income $325-335M, adjusted diluted EPS $5.95-6.15.
CEO cites warm September impacting retail and international sales; expects improvement with colder weather.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CARTERS INC reported third quarter fiscal 2023 results: revenue Net sales $792 million, EPS Diluted EPS $1.78. Guidance raised.

Period: third quarter fiscal 2023
Revenue: Net sales $792 million
EPS: Diluted EPS $1.78
Guidance: raised
Result: reported results

Exact text from the filing

as amended. --- EX-99.1 (EX-99.1) --- Contact: Sean McHugh Vice President & Treasurer (678) 791-7615 Carter ’ s, Inc. Reports Third Quarter Fiscal 2023 Results • Net sales $792 million vs. $819 million in Q3 2022 • Operating margin 11.8% vs. 11.2% in Q3 2022; adjusted operating margin 12.2% vs. 11.2% in Q3 2022 • Diluted EPS $1.78 vs. $1.67 in Q3 2022; adjusted

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Source: SEC EDGAR

accession 0001060822-23-000151

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