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Carter's Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance


Thursday, 25 Jul 2013 06:25am EDT 

Carter's Inc announced that for third quarter of 2013, it expects net sales to increase approximately 12% compared to net sales of $669 million in the third quarter of fiscal 2012. The Company expects adjusted diluted earnings per share to increase in the low single digit percentage range compared to adjusted diluted earnings per share of $1.02 in the third quarter of fiscal 2012. For fiscal 2013, it expects net sales to increase approximately 8% to 10% compared to net sales of $2.4 billion in fiscal 2012. The Company expects adjusted diluted earnings per share to increase approximately 15% to 17% compared to adjusted diluted earnings per share of $2.85 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $745 million and EPS of $1.11 for third quarter of 2013; revenue of $2.61 billion and EPS of $3.34 for fiscal 2013. 

Company Quote

107.35
-0.69 -0.64%
12:22pm EDT