Why Carter's Stock Popped Today

Shares of Carter's (NYSE: CRI) were up 8.2% as of 1:30 p.m. EDT Thursday after the children's clothing company announced strong second-quarter 2019 results. 

More specifically, Carter's net sales climbed 5.5% year over year to $734.4 million, translating to a 21% increase in earnings per share to $0.95. By comparison, three months ago Carter's told investors to expect earnings to be roughly flat at $0.79 per share, with revenue growth in the 4% to 6% range.

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