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Carter's Inc. fiscal Q4 profit climbs YOY

Carter's Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 2 amounted to $1.34 per share, compared with the S&P Capital IQ consensus estimate of $1.29 per share.

EPS rose year over year from $1.29.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $69.4 million, an increase from $67.6 million in the prior-year period.

The normalized profit margin climbed to 8.1% from 7.8% in the year-earlier period.

Total revenue totaled $866.5 million, compared with $869.2 million in the year-earlier period, and total operating expenses came to $750.4 million, compared with $752.7 million in the year-earlier period.

Reported net income rose 6.3% from the prior-year period to $72.0 million, or $1.39 per share, from $67.7 million, or $1.29 per share.

For the year, the company's normalized net income totaled $4.42 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.50.

EPS rose 19.8% from $3.69 in the prior year.

Normalized net income was $231.3 million, a gain of 18.1% from $195.9 million in the prior year.

Full-year total revenue rose year over year to $3.01 billion from $2.89 billion, and total operating expenses rose on an annual basis to $2.62 billion from $2.55 billion.

The company said reported net income rose 22.7% on an annual basis to $235.7 million, or $4.50 per share, in the full year, from $192.1 million, or $3.62 per share.