Carter's (CRI) Tops Q3 EPS by 4c

Carter's (NYSE: CRI) reported Q3 EPS of $1.51, $0.04 better than the analyst estimate of $1.47. Revenue for the quarter came in at $850 million versus the consensus estimate of $853.11 million.

Carter's sees Q4 2015 EPS of $1.22-$1.30, versus the consensus of $1.42.

For fiscal 2015, the Company projects net sales to increase approximately 4% over fiscal 2014 and adjusted diluted earnings per share to increase approximately 13% to 15% compared to adjusted diluted earnings per share of $3.93 in fiscal 2014. This forecast for fiscal 2015 adjusted diluted earnings per share excludes anticipated expenses of approximately $6 million related to the amortization of acquired tradenames, approximately $2 million related to the revaluation of the Bonnie Togs contingent consideration, 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.

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