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Carter's Inc. fiscal Q2 profit climbs 26.3% YOY

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Carter's Inc. fiscal Q2 profit climbs 26.3% YOY

Carter's Inc. said its normalized net income for the fiscal second quarter ended July 4 came to 70 cents per share, compared with the S&P Capital IQ consensus estimate of 63 cents per share.

EPS increased 28.1% year over year from 54 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $36.5 million, a gain of 26.3% from $28.9 million in the second quarter ended June 28, 2014.

The normalized profit margin increased to 6.0% from 5.0% in the year-earlier period.

Total revenue grew 6.7% year over year to $612.8 million from $574.1 million, and total operating expenses climbed 5.4% on an annual basis to $549.4 million from $521.2 million.

Reported net income increased 40.1% year over year to $35.8 million, or 68 cents per share, from $25.6 million, or 48 cents per share.