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Carter's Inc Issues Q4 2013 Guidance Below Analysts' Estimates; Updates On FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance


Thursday, 24 Oct 2013 06:15am EDT 

Carter's Inc announced that for the fourth quarter of fiscal 2013, the Company expects net sales will increase approximately 9% to 10% compared to net sales of $689 million in the fourth quarter of fiscal 2012. The Company expects adjusted diluted earnings per share to increase approximately 10% to 15% compared to adjusted diluted earnings per share of $0.89 in the fourth quarter of fiscal 2012. For fiscal 2013, the Company expects net sales will increase approximately 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 $770 million and EPS of $1.06 for fourth quarter of 2013; revenue of $2.62 billion and EPS of $3.38 for fiscal 2013. 

Company Quote

73.67
-0.41 -0.55%
17 Apr 2014