Carter’s, Inc. (NYSE:CRI) unfold its second quarter earnings results on Friday 24th July 2020 before market open.
Key Numbers from second quarter earnings result
Quarterly income of $ 0.19 per share, from the revenue of $ 514.88 million
On adjusted basis, reported income of $ 0.54 per share
Analysts Estimated revenue of $ 506.12 million and $ 0.25 loss per share
Earnings beat analysts estimates by $ 0.79 or 316.00 percent
Revenues outshined wall street view by $ 8.76 million or 1.73 percent
Earnings fell 80.41 percent compared with the same quarter last year
Revenues decreased 29.89 percent versus second quarter of last year.
The press release noted that given the market disruption caused by the COVID-19 pandemic, recent spikes in confirmed cases of the corona virus, and related uncertainty on timing and extent of the market recovery, the Company is not providing fiscal 2020 sales and earnings guidance at this time.
