Carter's: Q1 Earnings Snapshot
By AP News
Published - Apr 28, 2023, 06:15 AM ET
Last Updated - Jun 22, 2023, 02:28 AM EDT
ATLANTA (AP) — ATLANTA (AP) — Carter's Inc. (CRI) on Friday reported first-quarter net income of $36 million.
On a per-share basis, the Atlanta-based company said it had profit of 95 cents. Earnings, adjusted for non-recurring costs, came to 98 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The maker of children's apparel and accessories posted revenue of $695.9 million in the period.
