NYSE:CRILuxury
Carter's (CRI) Stock Profit Beat Meets Lingering Margin Pressure
Carter’s stock came into this earnings season looking bruised, with the price down about 6% over the past month despite a solid 3 month run. Today the shares edged up a little over 2%, which is a muted response to an earnings print that landed far cleaner than many investors had feared.
The headline is simple. Net sales reached about US$615m and adjusted earnings per share hit US$0.26, helped by a sharp 54% jump in adjusted operating income and a one off US tariff refund that swelled reported...