Carter's (CRI) Misses Q4 EPS by 27c

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Carter’s, Inc. Reports Fourth Quarter and Fiscal 2020 Results

February 26, 2021 6:10 AM EST

Fourth quarter fiscal 2020 results Net sales $990 million, decline of 10% U.S. eCommerce comparable sales increased 16% U.S. sales of exclusive brands to Target, Walmart and Amazon grew 13% Operating margin 13.5%, decline of 130 basis points; adjusted operating margin 14.7%, comparable to prior year Diluted EPS $2.26, decline of 20%; adjusted diluted EPS $2.46, decline of 12% Full year fiscal 2020 results Net sales $3.0 billion, decline of 14% Diluted EPS $2.50, decline of 57%; adjusted diluted EPS $4.16, decline of 36% Record operating cash flow... More