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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.