Carter’s reports Q1 adjusted EPS 98c, consensus 77c

Reports Q1 revenue $661M, consensus $640.5M. “We exceeded our sales and earnings objectives in the first quarter,” said Michael D. Casey, Chairman and CEO. “We continued to see higher and earlier than planned demand from our largest wholesale customers. We believe this demand reflects the leaner inventory positions at many retailers, and their need for our new seasonal product offerings in preparation for the warmer weather ahead.”