Carter's reports Q4 adjusted EPS $2.32, consensus $2.20
Reports Q4 revenue $1.03B, consensus $1.03B. CEO Michael Casey says: "We saw strong demand in all channels of distribution in the fourth quarter, and are reporting another year of record sales and earnings. In 2017, we achieved our 29th consecutive year of sales growth, strengthened our business with the acquisitions of Skip Hop and our largest international licensee based in Mexico, and returned $260 million to shareholders through dividends and share repurchases. The Tax Cuts and Jobs Act of 2017 is expected to have a significant and positive impact on our Company's future earnings, cash flow, and ability to invest in its growth strategies. In 2018, we plan to reinvest approximately half of the $40 million benefit from the lower corporate tax rate in brand marketing and improved eCommerce capabilities. Given the significant and unexpected benefit in 2017 of the historic tax reform legislation, we are also announcing today that our Board of Directors has approved $20 million in special compensation awards to all of our Company's eligible full-time and part-time employees provided through enhanced retirement plan contributions and bonuses. "