Carters Inc. (CRI) reported a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $58.320 million, or $1.62 per share. This compares with $66.127 million, or $1.78 per share, in last year's third quarter.
Excluding items, Carters Inc. reported adjusted earnings of $59 million or $1.64 per share for the period.
Analysts on average had expected the company to earn $1.4 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.2% to $758.464 million from $791.651 million last year.
Carters Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $58.320 Mln. vs. $66.127 Mln. last year.-EPS (Q3): $1.62 vs. $1.78 last year.-Revenue (Q3): $758.464 Mln vs. $791.651 Mln last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.