Carter’s reports Q2 adjusted EPS 64c, consensus 53c

Reports Q2 revenue $600M, consensus $603.51M. “We achieved our Q2 sales and earnings objectives,” said Michael D. Casey, Chairman and CEO. “For the third consecutive quarter, we saw higher than planned demand in our wholesale business driven, we believe, by the strength of our product offerings and leaner inventory positions. Our comparable retail sales in the second quarter were in line with our forecast. Unseasonably cool weather weighed on consumer demand in the earlier months of the quarter. We saw a meaningful improvement in the trend of our retail sales beginning Memorial Day weekend, which has continued into July.”