Insight ReportCarter’s (CRI) 3Q18 Result: Company Misses Expectations and Lowers Guidance Due to Toys“R”Us and Bon-Ton Closures Coresight Research October 29, 2018 Executive Summary Carter’s reported fiscal 3Q18 revenues of $923.9 million, down 2.5% year over year and lower than the $944.4 million consensus estimate. Adjusted earnings per share (EPS) was $1.61, lower than the consensus estimate of $1.73 and lower than the EPS of $1.70 in the year-ago quarter. Total comparable sales were up 0.5%; the company had planned comps to grow by over 3% but saw a decline in traffic during its Labor Day sale. For the full year, the company lowered its revenue guidance to1.5% growth from prior guidance of 3.0% growth, compared to the consensus estimate of 2.3% growth. Carter’s lowered its EPS growth forecast for the full year to 5%, $6.05, from 12%, $6.45, which was also the consensus estimate. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Retail Crime and Shrink: US Shoppers Concerned About Theft Pushing Up Prices; Shoplifting Surges to Record Levels in EnglandThree Data Points We’re Watching This Week, Week 19: China and US Consumer Sentiment in FocusUS CPG Sales Tracker: E-Commerce Sustains Double-Digit Growth Rate; In-Store Sales Expansion Slows4Q24 Retail Inventory Insights: Retailers Maintain Lean Inventories as Overall Inventory Ratio Remains Unchanged
