These are top 10 stocks traded on the Robinhood UK platform in July
NEW YORK -On Tuesday, Carter’s Inc. (NYSE:CRI) reported better-than-expected fourth quarter results on Monday, but issued weaker-than-anticipated guidance for fiscal 2025.
The children’s apparel retailer posted adjusted earnings of $2.39 per share for Q4, surpassing analyst estimates of $1.88. Revenue came in at $860 million, topping expectations of $833.38 million.
However, Carter’s outlook for the full year 2025 fell short of Wall Street projections. The company forecast earnings per share of $3.20 to $3.80, well below the consensus estimate of $4.95. Revenue is expected to be between $2.78 billion and $2.855 billion, compared to analyst expectations of $2.804 billion.
"Several factors are expected to weigh on our profitability in 2025, including some residual lower pricing in the first half of the year, higher product costs and the restoration of more normalized variable compensation provisions," said Richard F. Westenberger, Interim CEO and CFO.
For Q4, U.S. Wholesale net sales increased 7.3% YoY, while U.S. Retail and International net sales declined 2.8% and 2.0% respectively. The company said macroeconomic factors like inflation continued to impact demand.
Carter’s ended the year with over $1 billion in total liquidity. The board declared a quarterly dividend of $0.80 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.