Carter’s, Inc. (CRI), a leading marketer of children’s apparel in the U.S., reported robust financial results for Q2 2024. The company achieved an earnings per share (EPS) of $0.26, significantly up from $0.17 in the previous year and 1200% above estimates. Revenue increased to $615 million from $585 million, with adjusted operating income rising to $18 million and a margin expansion to 2.9% from 2.0%.
Following the earnings report, management raised guidance for Q3 EPS to $0.85, compared to just $0.02 last year, and projected revenue around $750 million. For FY26, sales growth is now expected at 2-3%, alongside improved EPS outlook for a high-single-digit to low-double-digit decline, a significant upgrade from earlier estimates.
Carter’s currently holds a market valuation of $1.2 billion with a forward PE ratio of 10. Analyst sentiment is positive, with all revisions over the past 60 days trending upwards, reflecting a consensus Q3 estimate increase from $0.77 to $0.85 and a FY2024 estimate gain to $3.28 from $3.09.
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