CARTER’S Reports 14.3% Decrease in Revenue for Q2 FY2023

August 29, 2023

🌥️Earnings Overview

CARTER’S ($NYSE:CRI) announced their financial results for the second quarter of FY2023 on July 28 2023, which showed a total revenue of USD 600.2 million for the quarter ending June 30 2023 – a decrease of 14.3% compared to the same period in the prior year. Net income for the quarter was reported to be USD 23.9 million, a decrease of 35.4% compared with the same period in the previous year.


Analyzing CARTER’S’s wellbeing with GoodWhale is important for any investor looking to make a determined decision. GoodWhale’s Risk Rating for CARTER’S states that it is a high risk investment in terms of financial and business aspects. GoodWhale has detected three risk warnings in the income sheet, balance sheet, and non-financial. To get an in-depth overview of the company’s financial and business situation, it is recommended to register on for a more detailed analysis. It is important to note that understanding the risk profile of CARTER’S can help investors make informed decisions. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Carter’s. More…

    Total Revenues Net Income Net Margin
    3.03k 201.75 7.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Carter’s. More…

    Operations Investing Financing
    391.2 -50.41 -399.03
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Carter’s. More…

    Total Assets Total Liabilities Book Value Per Share
    2.29k 1.51k 20.8
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Carter’s are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -2.0% 4.8% 9.8%
    FCF Margin ROE ROA
    11.3% 23.6% 8.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • Peers

    The company’s competitors include Children’s Place Inc, Apranga APB, and Boot Barn Holdings Inc.

    – Children’s Place Inc ($NASDAQ:PLCE)

    Children’s Place Inc is a publicly traded company with a market capitalization of 506.93M as of 2022. The company’s return on equity is 55.72%. Children’s Place Inc is a specialty retailer of children’s apparel and accessories. The company operates through two segments: North America and Europe. Children’s Place Inc offers a variety of merchandise, including clothing, footwear, accessories, and gifts. The company was founded in 1969 and is headquartered in Secaucus, New Jersey.

    – Apranga APB ($LTS:0KJF)

    As of 2022, Apranga APB has a market cap of 103.12M. The company’s return on equity is 19.95%. Apranga APB is a Lithuanian clothing retail chain. The company was founded in 1989 and is headquartered in Vilnius, Lithuania. Apranga APB operates in Lithuania, Latvia, and Estonia. The company operates a chain of stores under the Apranga and APB brands. Apranga APB offers a range of clothing, footwear, and accessories for men, women, and children.

    – Boot Barn Holdings Inc ($NYSE:BOOT)

    As of 2022, Boot Barn Holdings Inc has a market cap of 1.71B and a Return on Equity of 23.87%. The company is a retailer of western and work-related footwear, apparel, and accessories for men, women, and children.


    Investors should take note of CARTER’S second quarter FY2023 earnings, which saw a 14.3% decrease in revenue compared to the previous year and a 35.4% drop in net income. While this is not ideal, it is important to recognize that the company has a successful track record of performance over the long term. Investors should monitor CARTER’S growth and profitability to determine if it is a good investment opportunity. Furthermore, analyzing the company’s strategy, competitive advantage, and financial health should help potential investors make an informed decision.

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