08:39 AM EDT, 04/26/2024 (MT Newswires) -- Carter's (CRI) reported fiscal Q1 adjusted earnings Friday of $1.04 per diluted share, up from $0.98 a year earlier.

Analysts polled by Capital IQ expected $0.77.

Net sales for the quarter ended March 30 was $661.5 million, compared with $695.9 million a year ago. Analysts surveyed by Capital IQ expected $640.4 million.

The company said it expects Q2 adjusted EPS of $0.35 to $0.45. Analysts polled by Capital IQ expect $0.80. The company expects net sales for the quarter to be $560 million to $570 million. Analysts surveyed by Capital IQ expect $613.01 million.

Carter's said it expects full-year 2024 adjusted EPS to grow at low to mid-single-digit. Analysts polled by Capital IQ expect $6.36. The company expects net sales for the year of $2.95 billion to $3.0 billion. Analysts surveyed by Capital IQ expect $2.96 billion.

The company's shares were down more than 2% in Friday premarket activity.

Price: 70.00, Change: -1.56, Percent Change: -2.18