Carter’s, Inc. Reports First Quarter Fiscal 2020 Results
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Carter's (CRI) Misses Q1 EPS by $1.05, Revenues Miss
May 5, 2020 6:21 AM EDTCarter's (NYSE: CRI) reported Q1 EPS of ($0.81), $1.05 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $654 million versus the consensus estimate of $674.9 million.
Net sales $654 million, decline of 12%Loss per diluted share of $1.82; adjusted loss per diluted share $0.81Adjusted results reflect store closures in North America, lower wholesale sales, and higher inventory and bad debt provisions related to the COVID-19 pandemicThe Company believes it has sufficient liquidity to weather the disruption caused by the current global health crisisBoard of Directors suspends quarterly... More