Carter’s, Inc. Reports First Quarter Fiscal 2021 Results
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Carter's (CRI) PT Raised to $105 at Wells Fargo
April 30, 2021 12:04 PM EDTWells Fargo analyst Ike Boruchow raised the price target on Carter's (NYSE: CRI) to $105.00 (from $85.00) while maintaining a Equal Weight rating.
The analyst commented, "Demand trends are accelerating faster than expected, while profitability is at record levels (primarily better price realization, stronger full-price... More
Carter's (CRI) Tops Q1 EPS by $1.66, Revenues Beat
April 30, 2021 6:11 AM EDTCarter's (NYSE: CRI) reported Q1 EPS of $1.98, $1.66 better than the analyst estimate of $0.32. Revenue for the quarter came in at $787 million versus the consensus estimate of $664.49 million.
Net sales $787 million, growth of 20%Double-digit growth in all business segmentsStrong online demand - U.S. eCommerce net sales increased 38%Net sales in March grew 59%Strong improvement in profitabilityOperating margin 16.2%; adjusted operating margin 16.3%Diluted EPS $1.96 vs. loss per diluted share of $1.82 last yearAdjusted diluted EPS $1.98 vs. adjusted loss per diluted share of $0.81 last yearCompany raises... More