Carter's (CRI) Tops Q4 adj.-EPS Tops Views; Fresh Buyback, Dividend Hike Announced
Get Alerts CRI Hot Sheet
Revenue Growth %: -8.2%
Financial Fact:
Net income: 80.81M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Carter's (NYSE: CRI) reported Q4 EPS of $4.61, $3.32 better than the analyst estimate of $1.29. Revenue for the quarter came in at $867 million versus the consensus estimate of $854.69 million.
Board of Directors authorizes new $500 million share repurchase program and 50% increase to quarterly dividend.
2016 Business Outlook
For fiscal 2016, the Company projects net sales to increase approximately 6% to 7% over fiscal 2015 and adjusted diluted earnings per share to increase approximately 8% to 10% compared to adjusted diluted earnings per share of $4.61 in fiscal 2015. This forecast for fiscal 2016 adjusted earnings per share excludes anticipated expenses of approximately $1.7 million related to the amortization of acquired tradenames and other items the Company believes to be non-representative of underlying business performance.
For the first quarter of fiscal 2016, the Company projects net sales to increase approximately 4% over the first quarter of fiscal 2015 and adjusted diluted earnings per share to be comparable to adjusted diluted earnings per share of $0.97 in the first quarter of fiscal 2015. This forecast for first quarter fiscal 2016 adjusted earnings per share excludes anticipated expenses of approximately $1.0 million related to the amortization of acquired tradenames and other items the Company believes to be non-representative of underlying business performance.
For earnings history and earnings-related data on Carter's (CRI) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- KKR Real Estate Finance Trust (KREF) Tops Q1 EPS by 4c
- Chubb Corp. (CB) Tops Q1 EPS by 10c
Create E-mail Alert Related Categories
Dividend Hike, Earnings, Guidance, Stock BuybacksRelated Entities
Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!