Carter's Q2 net sales $564M, EPS $0.76; FY2024 outlook lowered

CARTERS INC

2024-Q2 EPS reported $1.80 revenue$1,225,926,000

Net sales $564M vs $600M YoY (-6%); diluted EPS rose to $0.76 from $0.64.
Operating margin improved to 7.0% from 6.3%; record gross profit margin cited.
Returned $54M to shareholders in Q2 via dividends and buybacks; $92M in H1 2024.
FY2024 outlook: net sales $2.785-2.825B, adjusted diluted EPS $4.60-$5.05 (reduced).
CEO cites weaker consumer confidence and elevated costs; plans investments in product and marketing.

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