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.