By Dean Seal
Shares of Carter's dropped after the company's full-year adjusted earnings guidance came up well short of analyst forecasts.
The stock was down 8.4% at $47.70 in premarket trading. Shares closed the market at $81.57 this time a year ago.
The maker of baby apparel said it expects adjusted earnings of $3.20 to $3.80 a share for 2025. Analysts polled by FactSet had been expecting $4.87 a share.
The company's guidance for $2.78 billion to $2.86 billion in revenue was in line with analyst estimates for $2.81 billion.
Fourth-quarter results topped analyst projections as well, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 25, 2025 08:31 ET (13:31 GMT)
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