Carter's Projects Low Single-digit Growth In Net Sales To Approximately $3B In FY24 Vs. $2.98B Estimate, Sees Mid-Single-digit Growth In Adjusted Diluted EPS
Portfolio Pulse from Benzinga Newsdesk
Carter's, Inc. (CRI) forecasts low single-digit growth in net sales reaching around $3B for FY24, slightly above the $2.98B estimate. The company also anticipates mid-single-digit growth in adjusted diluted EPS.
February 27, 2024 | 11:17 am
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Carter's projects a slight increase in FY24 net sales to $3B, surpassing the $2.98B estimate, and expects mid-single-digit growth in adjusted diluted EPS.
Carter's projection of surpassing the net sales estimate and achieving mid-single-digit growth in adjusted diluted EPS indicates a positive outlook for the company's financial performance in FY24. This optimistic forecast is likely to instill confidence in investors, potentially leading to a short-term increase in the stock price. The company's specific mention of expected growth in both net sales and EPS directly impacts its stock valuation, making this news highly relevant and important for investors.
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