Benzinga | Jul 24, 2020 07:21AM EDT

Recap: Carter's Q2 Earnings

Shares of Carter's (NYSE:CRI) moved higher by 0.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 43.16% over the past year to $0.54, which may not compare to the estimate of ($0.25).

Revenue of $514,885,000 declined by 29.89% from the same period last year, which beat the estimate of $506,120,000.

Looking Ahead

Carter's hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 24, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ghascvnu

Technicals

52-week high: $112.45

52-week low: $60.17

Price action over last quarter: Up 12.36%

Company Overview

Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products primarily through three channels: branded retail stores in the United States and Canada, company websites, and department stores and other wholesale locations. The majority of Carter's sales are in the U.S. and through the Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.