Carter's Q1 2024 Adj EPS $1.04 Beats $0.77 Estimate, Sales $661.492M Beat $640.499M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter's Q1 2024 earnings report exceeded expectations with an adjusted EPS of $1.04, surpassing the $0.77 estimate, and sales of $661.492M, beating the $640.499M forecast. This represents a 35.06% beat on EPS and a 3.28% beat on sales, despite a 4.94% decrease in sales from the previous year.
April 26, 2024 | 10:13 am
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POSITIVE IMPACT
Carter's Q1 2024 earnings and sales exceeded analyst expectations, with an EPS beat of 35.06% and a sales beat of 3.28%, despite a year-over-year sales decrease.
Carter's significant beat on both earnings per share and sales estimates for Q1 2024, despite a slight decrease in sales from the previous year, indicates strong operational performance and efficiency. This outperformance is likely to positively influence investor sentiment and could lead to a short-term uptick in CRI's stock price, as beats on both top and bottom lines are typically viewed favorably by the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100