Carter's (CRI) Q4 Earnings Surpass Estimates, Sales Decline Y/Y

Carter's, Inc. (CRI) has reported mixed fourth-quarter 2023 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed. The bottom line rose year over year. However, the top line fell year over year, hurt by the impacts of inflation, which led to reduced spending.Q4 in DetailCarter’s reported fourth-quarter 2023 adjusted earnings of $2.76 per share, beating the Zacks Consensus Estimate of$2.52. This figure rose 20.5% from earnings of $2.29 per share posted in the year-ago ...