Carters Inc. (CRI) has reported a rise in its second-quarter profit compared to the same period last year, surpassing Wall Street forecasts.
For the second quarter, the company achieved earnings of $27.64 million, or $0.76 per share, compared to $23.87 million, or $0.64 per share, in the previous year’s corresponding quarter.
When excluding special items, Carters Inc. posted adjusted earnings of $27.6 million, or $0.76 per share, for this period.
On average, analysts anticipated the company to report earnings of $0.49 per share, according to data compiled by Thomson Reuters. These estimates typically exclude special items.
However, revenue for the quarter declined by 6.0% to $564.43 million, down from $600.20 million in the same quarter last year.
### Carters Inc. Second Quarter Earnings Summary (GAAP):
- **Earnings (Q2):** $27.64 million, compared to $23.87 million last year.
- **Earnings Per Share (Q2):** $0.76, versus $0.64 last year.
- **Revenue (Q2):** $564.43 million, compared to $600.20 million last year.
### Guidance:
- **Next Quarter EPS Guidance:** $1.10 - $1.35
- **Next Quarter Revenue Guidance:** $735 million - $755 million
- **Full Year EPS Guidance:** $4.60 - $5.05
- **Full Year Revenue Guidance:** $2.785 billion - $2.825 billion
