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Carter's Inc. profit beats consensus by 22.1% in fiscal Q1

Carter's Inc. said its normalized net income for the fiscal first quarter ended April 4 came to 90 cents per share, compared with the S&P Capital IQ consensus estimate of 74 cents per share.

EPS increased 39.0% year over year from 65 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $47.5 million, an increase of 36.3% from $34.9 million in the first quarter ended March 29, 2014.

The normalized profit margin climbed to 6.9% from 5.3% in the year-earlier period.

Total revenue rose 5.1% year over year to $684.8 million from $651.6 million, and total operating expenses climbed from the prior-year period to $600.3 million from $588.5 million.

Reported net income increased 45.5% on an annual basis to $49.2 million, or 94 cents per share, from $33.8 million, or 63 cents per share.