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Carter’s (CRI) 2Q17 Results: Beats Estimates, Driven by Retail and International Businesses

Executive Summary

  • Carter’s reported 2Q17 revenue of $692.1 million, up 8.2% year over year, beating the consensus estimate of $681.1 million.
  • Adjusted EPS was $0.78, up 9.9% year over year and above the consensus estimate of $0.70. The upside was driven by the retail and international businesses as well as by the contribution from the Skip Hop brand, which was acquired earlier this year.
  • The company reaffirmed its EPS guidance for the full fiscal year; Carter’s expects net sales growth of 4%–6% and adjusted diluted EPS growth of 8%–10%.

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