Carter’s sees Q2 adjusted EPS 35c-45c, consensus 80c

Sees Q2 revenue $560M-$570M, consensus $613.01M. Forecast for the second quarter of fiscal 2024 assumes: Continued inflationary pressure on families with young children; Slow start to Spring selling, we believe due to the late arrival of warmer weather; Improved gross margin; Comparable SG&A; Lower net interest expense and effective tax rate; and continued return of capital.