Carter's 2024 Outlook: Expects Net Sales Of $2.95B-$3.0B Vs. $2.959B Consensus; Sees Adjusted EPS Growth Of Low To Mid-Single-Digit And Operating Cash Flow In Excess Of $250M
Portfolio Pulse from Benzinga Newsdesk
Carter's projects its 2024 fiscal year net sales to range between $2.95 billion and $3.0 billion, aligning with a $2.959 billion consensus. The company anticipates low to mid-single-digit growth in adjusted EPS and operating income, with operating cash flow exceeding $250 million. These projections are based on expectations of an improved macroeconomic environment, conservative inventory commitments, gross margin expansion, and increased investments, among other factors.
April 26, 2024 | 10:22 am
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Carter's anticipates 2024 net sales of $2.95B-$3.0B, with adjusted EPS and operating income expected to grow in the low to mid-single digits. Operating cash flow is projected to exceed $250M.
Carter's positive outlook for fiscal year 2024, including expected growth in net sales, adjusted EPS, and operating income, suggests a bullish sentiment for the stock. The anticipation of an improved macroeconomic environment and strategic financial management, such as gross margin expansion and controlled capital expenditures, further support a positive short-term impact on CRI's stock price.
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