Carter's (CRI) Misses Q1 EPS by $1.05, Revenues Miss

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Go back to Carter's (CRI) Misses Q1 EPS by $1.05, Revenues Miss

Carter’s, Inc. Reports First Quarter Fiscal 2020 Results

May 5, 2020 6:19 AM EDT

Net sales $654 million, decline of 12% Loss per diluted share of $1.82; adjusted loss per diluted share $0.81 Adjusted results reflect store closures in North America, lower wholesale sales, and higher inventory and bad debt provisions related to the COVID-19 pandemic The Company believes it has sufficient liquidity to weather the disruption caused by the current global health crisis Board of Directors suspends quarterly dividend

ATLANTA--(BUSINESS WIRE)-- Carters, Inc. (NYSE: CRI), the largest branded marketer in North America of apparel... More