Carter’s, Inc. Reports Third Quarter Fiscal 2020 Results
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Carter's (CRI) Tops Q3 EPS by 39c, Revenues Miss
October 23, 2020 6:18 AM EDTCarter's (NYSE: CRI) reported Q3 EPS of $1.96, $0.39 better than the analyst estimate of $1.57. Revenue for the quarter came in at $865 million versus the consensus estimate of $878.52 million.
Third quarter results show progress recovering from market disruptionNet sales $865 million, decline of 8%U.S. Retail comparable sales down 3.5%, including 17% increase in eCommerce salesSales of exclusive brands to Target, Walmart and Amazon grew 10%Operating income $114 million, growth of 35%; adjusted operating income $120 million, growth of 4%Diluted EPS $1.85,... More