Carter's Q3 Earnings Beat Estimates, Sales Decline 4.2% Y/Y

Carter's, Inc. (CRI) announced its third-quarter 2024 results, wherein the top and the bottom line beat the Zacks Consensus Estimate, while both decreased from the year-ago period's actuals. The top line remained soft on weak sales across the U.S. Retail, International and U.S. Wholesale segments. Also, the impacts of inflation, which led to reduced spending and currency headwinds, hurt the performance. Carter's adjusted earnings per share (EPS) of $1.64 surpassed the Zacks Consensus Estimate of $1.29. Howe ...