Carter's Sees FY24 Sales Of $2.785B -$2.825B Vs. $2.92B Est; Adj EPS Of $4.60 - $5.05 Vs. $6.2 Est.
Portfolio Pulse from Benzinga Newsdesk
Carter's has revised its FY24 sales forecast to $2.785 billion - $2.825 billion, down from the previous estimate of $2.92 billion. Additionally, the company has adjusted its EPS forecast to $4.60 - $5.05, compared to the earlier estimate of $6.2.
July 26, 2024 | 10:16 am
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Carter's has lowered its FY24 sales and EPS forecasts, which are now below previous estimates. This revision indicates potential challenges in the company's performance and may negatively impact investor sentiment.
The downward revision in both sales and EPS forecasts suggests that Carter's is facing challenges that could affect its financial performance. This is likely to result in a negative short-term impact on the stock price as investors react to the lower-than-expected guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100