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Carter's Inc. profit holds mostly steady YOY in fiscal Q3

Carter's Inc. said its normalized net income for the fiscal third quarter ended Oct. 1 amounted to $1.55 per share, compared with the S&P Capital IQ consensus estimate of $1.67 per share.

EPS climbed year over year from $1.48.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $77.4 million, compared with $77.1 million in the prior-year period.

The normalized profit margin declined to 8.6% from 9.1% in the year-earlier period.

Total revenue increased 6.1% year over year to $901.4 million from $849.8 million, and total operating expenses rose 6.9% on an annual basis to $770.5 million from $720.6 million.

Reported net income increased year over year to $80.2 million, or $1.60 per share, from $78.7 million, or $1.51 per share.