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Recap: Carter's Q1 Earnings

Benzinga Insights

Shares of Carter's (NYSE:CRI) were flat after the company reported Q1 results.

Quarterly Results

Earnings per share fell 6.90% year over year to $0.81, which may not compare to the estimate of $0.24.

Revenue of $654,473,000 less by 11.68% year over year, which missed the estimate of $674,900,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 05, 2020

View more earnings on CRI

Time: 02:02 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/aiahiscm

Price Action

Company's 52-week high was at $112.45

Company's 52-week low was at $60.17

Price action over last quarter: down 17.61%

Company Profile

Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products primarily through three channels: branded retail stores in the United States and Canada, company websites, and department stores and other wholesale locations. The majority of Carter's sales are in the U.S. and through the Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.

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