Carter's Fiscal Q1 Adjusted Earnings, Revenue Fall; Guidance Suspended

MT Newswires Live

04/25

Carter's (CRI) reported fiscal Q1 adjusted earnings Friday of $0.66 per diluted share, down from $1.04 a year earlier.

Analysts polled by FactSet expected $0.53.

Revenue for the quarter ended March 29 was $629.8 million compared with $661.5 million a year earlier.

Analysts surveyed by FactSet expected $623.8 million.

The company said it is suspending its forward guidance amid the recent leadership transition and "significant uncertainty surrounding proposed new tariffs and potential related impact on the business."

Shares of the company were down 3.2% in recent premarket activity.

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