Form 10-Q CARTERS INC For: Oct 01

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Carter's (CRI) Tumbles After Earnings Miss, Guidance Cut

October 28, 2022 1:37 PM EDT

Shares of Carter's (NYSE: CRI) tumbled Friday after the company missed third-quarter earnings and revenue estimates.

The apparel company posted earnings of $1.67 per share on revenue of $819 million. Analysts expected earnings per share of $1.73 on revenue of $856.01 million. Operating income was $92 million. The year-over-year $72 million, or 8.1% decline in net... More