CARTER’S Reports Second Quarter Earnings Results for FY2023 on July 28

August 15, 2023

🌥️Earnings Overview

On July 28 2023, CARTER’S ($NYSE:CRI) reported their financial results for the second quarter of FY2023 which ended on June 30 2023. Total revenue for this quarter was USD 600.2 million, a decrease of 14.3% from the same period the year before. Net income was also significantly lower, amounting to USD 23.9 million, which was a 35.4% decrease compared to Q2 of FY2022.

Market Price

Investors responded well to the report, with CARTER’S stock opening at $74.5 and closing at $75.5, up by 1.1% from previous closing price of 74.7. This indicates a strong sign of confidence in CARTER’S future performance and outlook. These results strengthen the company’s position to remain a major player in the retail industry for years to come.

Overall, CARTER’S reported a solid second quarter performance and the stock continues to show strong improvement, indicating a good outlook for their future performance. Investors are encouraged to watch out for any further updates from CARTER’S as they continue to build on their success. Live Quote…

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
  • Analysis

    GoodWhale can help you analyze the fundamentals of CARTER’S. Our Risk Rating reveals that CARTER’S is a high risk investment when it comes to financial and business aspects. We have detected 3 risk warnings in the income sheet, balance sheet, and non-financial aspects that could potentially be concerning. To find out more about these warnings, become a registered GoodWhale user so you can have access to more detailed information. By using our platform, you can be equipped with the knowledge and tools to make an informed investment decision. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • 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.


    CARTER’S reported their second quarter FY2023 earnings results on July 28 2023, showing total revenue of USD 600.2 million, down 14.3% year on year. Net income was also significantly lower than the previous year, hitting USD 23.9 million, a decrease of 35.4%. While these results appear to be a cause for concern for investors, they should take into account factors such as market conditions and sector performance when making their investment decision. Long-term investors may wish to further analyze the company’s financial health and outlook prior to making any investment decisions.

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