Carter's Q1 net sales down 5% to $661M; EPS $1.04 beats prior year

CARTERS INC

2024-Q1 EPS reported $1.04 revenue$661,492,000

Q1 net sales $661M vs $696M YoY; diluted EPS $1.04 vs $0.95, up 9.5%.
Returned $38M to shareholders via dividends and share repurchases in Q1.
CEO cites higher wholesale demand and lean retailer inventories; cool weather weighed on U.S. Retail.
FY2024 outlook: net sales $2.95-$3.0B; low to mid-single-digit adjusted EPS growth expected.
International sales in line with plan; Mexico strength offset Canada weakness.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

CARTERS INC reported first quarter fiscal 2024 results: revenue $661 million, EPS $1.04. Guidance reaffirmed.

Period: first quarter fiscal 2024
Revenue: $661 million
EPS: $1.04
Guidance: reaffirmed
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 First Quarter Fiscal 2024 Results • Net sales $661 million vs. $696 million in Q1 2023 • Diluted EPS $1.04 vs. $0.95 in Q1 2023; adjusted diluted EPS $0.98 in Q1 2023 • Returned $38 million to shareholders through dividends and share

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Source: SEC EDGAR

accession 0001060822-24-000111

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