earnings
confidence high
sentiment positive
materiality 0.80
Carter's Q3: sales $758M, beats objectives; raises FY adj. EPS outlook to $4.70-5.15
CARTERS INC
2024-Q3 EPS reported
$3.41
revenue$1,984,390,000
- Net sales $758M vs $792M in Q3 2023; diluted EPS $1.62 vs $1.78; adjusted EPS $1.64 vs $1.84.
- Operating margin 10.2% (adjusted) vs 12.2% in Q3 2023; cash flow improved with no seasonal borrowings.
- Reaffirmed FY2024 net sales outlook $2.785-2.825B; raised adjusted diluted EPS to $4.70-$5.15.
- Returned $138M to shareholders YTD through dividends and share repurchases.
- Investing $40M in pricing and $10M in brand marketing in H2 2024; management cites improving sales trends.