Published on 29 Apr 2024 on Zacks via Yahoo Finance
Carter's (CRI) Q1 Earnings Improve Y/Y, Sales Decline 4.9%
Carter's, Inc. CRI came up with its first-quarter 2024 results, wherein the top line beat the Zacks Consensus Estimate but declined year over year. Nonetheless, the bottom line improved from the year-ago period.The company experienced higher and earlier-than-expected demand from its largest wholesale customers, attributed to leaner retailer inventories and a need for new seasonal products.However, cooler weather across many parts of the United States dampened the demand for Carter's Spring product offerings in its U.S. Retail business. Despite these variations, The company anticipates its product innovation, fleet optimization and brand marketing strategies to drive sales trends throughout 2024.
Carter's, Inc. Price, Consensus and EPS Surprise