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Carter s Inc Outlook |
On February 27 2024 the Carter s Inc provided following guidance
strategy, and digital marketing initiatives helped us achieve these strong results.
For the fourth quarter of fiscal 2023, Carters reported net sales of $1.08 billion, a 5% increase compared to the same period last year. Net income for the quarter was $115 million, or $2.52 per diluted share, compared to $96 million, or $2.09 per diluted share, in the fourth quarter of 2022.
For the full fiscal year 2023, Carters reported net sales of $3.76 billion, a 3% increase compared to fiscal 2022. Net income for the year was $340 million, or $7.41 per diluted share, compared to $316 million, or $6.90 per diluted share, in fiscal 2022.
Looking ahead to fiscal 2024, Carters is optimistic about its growth prospects. We are continuing to invest in our digital capabilities and expanding our product offerings to meet the evolving needs of our customers, said Casey. We are also focused on driving operational efficiencies and controlling costs to improve our margins.
In conclusion, Carters, Inc. is pleased with its performance in fiscal 2023 and is confident in its ability to continue delivering strong results in the coming year. We remain committed to our strategic priorities and believe that we are well-positioned for success in the competitive retail landscape.
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