Carter Holdings beats by $0.12, beats on revs; guides Q1 EPS below consensus; guides FY17 EPS above consensus, revs in-line; raises quarterly dividend 12% to $0.37/share :
- Reports Q4 (Dec) earnings of $1.79 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $1.67; revenues rose 7.8% year/year to $934.2 mln vs the $916.25 mln Capital IQ Consensus.
- Co issues downside guidance for Q1, sees EPS of $0.80-0.85, excluding non-recurring items, vs. $1.14 Capital IQ Consensus Estimate.
- For the first quarter of fiscal 2017, the co projects net sales to decline in the low-single digit range compared to the first quarter of fiscal 2016.
- Co issues guidance for FY17, sees adj EPS growth of 8-10% to $5.55-5.65, vs. $5.52 Capital IQ Consensus Estimate; sees FY17 rev growth between 4-6% to $3.33-3.39 bln, vs. $3.35 bln Capital IQ Consensus Estimate.
- Reminder: Co also issued a separate news release announcing the acquisition of Skip Hop Holdings, a lifestyle brand for families with young children.
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