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Stock impact report

Carter's (CRI) Q4 Earnings Surpass Estimates, Sales Decline Y/Y [Yahoo! Finance]

Carter's, Inc. (CRI) 
Last carter's, inc. earnings: 2/24 06:16 am Check Earnings Report
US:NYSE Investor Relations: ir.carters.com/investor-overview
Company Research Source: Yahoo! Finance
CRI has reported mixed fourth-quarter 2023 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed. The bottom line rose year over year. However, the top line fell year over year, hurt by the impacts of inflation, which led to reduced spending. Q4 in Detail Carter's reported fourth-quarter 2023 adjusted earnings of $2.76 per share, beating the Zacks Consensus Estimate of $2.52. This figure rose 20.5% from earnings of $2.29 per share posted in the year-ago quarter. The company reported net sales of $857.9 million, which missed the Zacks Consensus Estimate of $865 million. Also, the metric declined 5.9% from the $912 million posted in the year-ago period. The downside can be attributed to inflation, rising interest rates, higher consumer debt levels and recession risks, which affected the demand from consumers and wholesale customers. Carter's, Inc. Price and Consensus Carter's, Inc. price-consensus-chart | Carter's, Inc. Quote Segmental Show less Read more
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