Carter's (CRI) Tops Q1 EPS by 4c; Raises Outlook

Carter's (NYSE: CRI) reported Q1 EPS of $1.04, $0.04 better than the analyst estimate of $1.00. Revenue for the quarter came in at $724 million versus the consensus estimate of $716 million.

Company raises fiscal 2016 adjusted diluted EPS guidance range to growth of 10% - 12%; previously growth of 8% - 10%

“We saw increased demand for our brands and achieved a record level of sales and earnings in our first quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “We achieved good growth in our wholesale, retail and international businesses, and meaningfully increased the distribution of capital to our shareholders. We’re forecasting good growth in sales and earnings for the year, and have raised our earnings guidance for 2016.”

For earnings history and earnings-related data on Carter's (CRI) click here.

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