06:46 AM EDT, 10/25/2024 (MT Newswires) -- Carter's (CRI) reported fiscal Q3 adjusted net income Friday of $1.64 per share, down from $1.84 a year earlier.

Analysts polled by Capital IQ expected $1.40.

Net sales for the quarter ended Sept. 28 were $758.5 million, down from $791.7 million a year earlier.

Analysts surveyed by Capital IQ expected $755.6 million.

For fiscal Q4, the company expects adjusted diluted EPS in the range of $1.32 to $1.72 on net sales between $800 million and $840 million. Analysts polled by Capital IQ expect $1.86 on sales of $825.5 million.

For fiscal 2024, Carter's said it now expects adjusted diluted EPS in the range of $4.70 to $5.15, up from its prior range of $4.60 to $5.05. Analysts polled by Capital IQ expect $5.05. Net sales for the fiscal year are expected to be between $2.79 billion to $2.83 billion, unchanged from its prior outlook. Analysts surveyed by Capital IQ expect $2.81 billion.

Shares of the company were down 1.7% in recent Friday premarket activity.

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