Carter's Q2 Adj EPS $0.64 Beats $0.53 Estimate, Sales $600.20M Miss $603.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter's (NYSE:CRI) Q2 adjusted earnings per share of $0.64 beat the analyst consensus estimate of $0.53 by 20.75%, but represented a 50.77% decrease from the same period last year. Quarterly sales of $600.20 million missed the analyst consensus estimate of $603.51 million by 0.55%, and were down 14.34% from the same period last year.
July 28, 2023 | 10:13 am
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NEGATIVE IMPACT
Carter's Q2 earnings beat estimates but were significantly lower than the same period last year. Sales also missed estimates and were down YoY.
While Carter's Q2 earnings beat estimates, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100