Carters, Inc. (CRI) Tops Q2 EPS by 7c; Issues Q3, FY12 Growth Outlook
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Price: $40.65 -1.19%
EPS Growth %: -64.7%
Financial Fact:
Selling, general, and administrative expenses: 255.32M
Today's EPS Names:
CRMT, More
EPS Growth %: -64.7%
Financial Fact:
Selling, general, and administrative expenses: 255.32M
Today's EPS Names:
CRMT, More
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Carters, Inc. (NYSE: CRI) reported Q2 EPS of $0.37, $0.07 better than the analyst estimate of $0.30. Revenue for the quarter came in at $472.2 million versus the consensus estimate of $474.05 million.
For the third quarter of fiscal 2012, the Company expects net sales to increase in the mid-single digit percentage range over the third quarter of fiscal 2011. The Company expects adjusted diluted earnings per share, excluding expenses totaling approximately $2 million related to the Bonnie Togs acquisition and the previously-announced distribution center closure, or other items the Company believes to be nonrepresentative of underlying business performance, to increase approximately 25% to 30%, compared to adjusted diluted earnings per share of $0.67 in the third quarter of fiscal 2011.
For fiscal 2012, the Company expects net sales will increase approximately 9% to 11% over fiscal 2011. The Company expects adjusted diluted earnings per share, excluding approximately $4 million to $5 million in expenses related to the Bonnie Togs acquisition, $3 million to $4 million in expenses related to the previously-announced distribution center closure, or other items the Company believes to be nonrepresentative of underlying business performance, to increase approximately 20% to 25% compared to adjusted diluted earnings per share of $2.09 in fiscal 2011.
For earnings history and earnings-related data on Carters, Inc. (CRI) click here.
For the third quarter of fiscal 2012, the Company expects net sales to increase in the mid-single digit percentage range over the third quarter of fiscal 2011. The Company expects adjusted diluted earnings per share, excluding expenses totaling approximately $2 million related to the Bonnie Togs acquisition and the previously-announced distribution center closure, or other items the Company believes to be nonrepresentative of underlying business performance, to increase approximately 25% to 30%, compared to adjusted diluted earnings per share of $0.67 in the third quarter of fiscal 2011.
For fiscal 2012, the Company expects net sales will increase approximately 9% to 11% over fiscal 2011. The Company expects adjusted diluted earnings per share, excluding approximately $4 million to $5 million in expenses related to the Bonnie Togs acquisition, $3 million to $4 million in expenses related to the previously-announced distribution center closure, or other items the Company believes to be nonrepresentative of underlying business performance, to increase approximately 20% to 25% compared to adjusted diluted earnings per share of $2.09 in fiscal 2011.
For earnings history and earnings-related data on Carters, Inc. (CRI) click here.
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