Carter’s, Inc. Reports Fourth Quarter and Fiscal 2019 Results
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Go back to Carter’s, Inc. Reports Fourth Quarter and Fiscal 2019 Results
February 24, 2020 6:19 AM EST
Carter's (NYSE: CRI) declared a quarterly dividend of $0.60 per share, or $2.4 annualized. This is a 20% increase from the prior dividend of $0.50.
The dividend will be payable on March 20, 2020, to stockholders of record on March 6, 2020, with an ex-dividend date of March 5,... More
February 24, 2020 6:17 AM EST
Carter's (NYSE: CRI) reported Q4 EPS of $2.81, $0.08 worse than the analyst estimate of $2.89. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.
2020 Business Outlook:
For fiscal 2020 (a 53 week fiscal year), the Company projects net sales will increase approximately 2% to 3% and adjusted diluted earnings per share will increase approximately 4% to 6% compared to adjusted diluted earnings per share of $6.46 in fiscal 2019. This forecast for fiscal 2020 adjusted diluted earnings per share excludes anticipated expenses of approximately $10 million to $12 million related to organizational restructurings. Such restructurings include streamlining... More
