Carters, Inc. (CRI) Tops Q3 EPS by 8c, Posts Solid Q4 and FY11 Guidance

Carters, Inc. (NYSE: CRI) reported Q3 EPS of $0.67, $0.08 better than the analyst estimate of $0.59. Revenue for the quarter came in at $640 million versus the consensus estimate of $609.5 million.

Carters, Inc. sees Q4 2011 EPS of $0.40-$0.45, versus the consensus of $0.42. The Company projects net sales for the fourth quarter of fiscal 2011 will increase approximately 15% to 17% over the fourth quarter of fiscal 2010.

Carters, Inc. sees FY2011 EPS of $1.88-$1.93, versus the consensus of $1.79. For fiscal 2011, the Company expects net sales to increase approximately 19%.

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