Carter's Q4 Profit Falls, Yet Beats Estimates; Stock Down In Pre-market

Carter's

36.94 CHF -2.20%

• Charts
• News
• Analysen

Kaufen Verkaufen

(RTTNews) - Carter's, Inc. (CRI), a baby and children's clothing company, Tuesday announced a sharp fall in fourth quarter earnings, compared to the prior year.

For the fourth quarter, net income declined to $61.52 million from $106.51 million last year.

Earnings per share were $1.71, down from $2.90 million in the previous year's quarter.

Adjusted net income declined to $84.10 million from $99.23 million prior year.

Adjusted earnings per share were $2.39 versus $2.76 last year.

Analysts, on average, had expected the company to earn $1.92 per share. Analysts' estimates typically exclude special items.

Net sales increased 0.2 percent to $859.71 million from $857.86 million the prior year.

For the first quarter, net sales are expected to range between $615 million to $625 million.

The adjusted operating income is expected to range between $30 million to $35 million.

The adjusted earnings per share is anticipated to range between $0.45 to $0.55.

For fiscal year 2025, net sales are expected to range between $2.780 billion to $2.855 billion.

The adjusted operating income is expected to range between $180 million to $210 million.

The adjusted earnings per share is anticipated to range between $3.20 to $3.80.

In the pre-market trading, Carter's is 48.78% lesser at $6.30 on the New York Stock Exchange.