Carter's Q2 U.S. Retail Comp Sales Jump 5.1%, Extending Growth Streak
CRI sits 66% above its 52-week low of $23.381.
Summary
Carter's posted a 5.1% increase in Q2 U.S. retail comparable sales, building on the 10.5% surge in Q1. The company reported Q2 adjusted EPS of 26 cents, beating estimates, driven by improved marketing. The back-to-back strong quarters suggest sustained demand in children's apparel, a segment that has been under pressure industry-wide. This follows the Q1 earnings beat in May, where the company also highlighted improved cash flow and a $130 million cost savings program. The consistent comp growth indicates market share gains and effective merchandising. With no full earnings release yet, the key question is whether margins held up amid promotional activity.
At the time of this announcement, CRI was trading at $38.80 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $23.38 to $44.44. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.