Boston, MA 08/25/2014 (wallstreetpr) – Carter’s, Inc. (NYSE:CRI) has decided to pay an attractive quarterly dividend of worth $0.19/share to all the shareholders. According to reports, the dividend will be payable on September 12, 2014 for the business that got over on September 2, 2014.
What Next:
Carter’s, Inc. (NYSE:CRI) will make the dividend and payment related decisions for the future on the basis of various factors such as financial statements, ratios, government policies and overall sales and profit figures. CRI is the largest US marketer for apparels of babies and kids. It recently announced its financial results for the 2Q fiscal 2014. All the investors were expecting significant quarterly bonus after more than average performance in the second quarter.
2Q 2014 financials:
Carter’s, Inc. (NYSE:CRI) grew at a rate of 11% in terms of sales during the 2Q 2014 and touched an eye-popping figure of $574 Million. Not only in terms of overall sales did CRO do pretty well, but it also grew amazingly in terms of Total U.S. Direct-to-Consumer Sales. According to reports, it posted a growth rate of 17% in DTCS. The earnings per share of the company were $0.48 which was 46% more than the EPS that it posted in 2Q fiscal 2013. The adjusted EPS for the 2Q 2014 was $0.61 which was 33% more than last year’s figure.
On the basis of excellent financial results in 2Q 2014, Carter’s, Inc. (NYSE:CRI) had decided to raise the earnings guidelines for the rest of the year. Declaration of quarterly revenue was a part of these earnings guidelines. According to the management of the company, the rest of the year will bring new opportunities; therefore, the overall EPS and sales figures are expected to go up. CRI has a large customer base in the US and owns OshKosh B’gosh and the Carter’s brands which have a good reputation in the domestic market.
