Carter’s Stock Fair Value Calculator – CARTER’S Reports Positive Q2 FY2023 Earnings Results for June 30 2023
August 22, 2023
☀️Earnings Overview
CARTER’S ($NYSE:CRI) reported a total revenue of USD 600.2 million for the quarter ending June 30 2023, a decrease of 14.3% from the same period in the previous year. Net income for the period followed suit, dropping 35.4% to USD 23.9 million on July 28 2023.
Market Price
On Friday, CARTER’S reported positive earnings results for their second quarter of Fiscal Year 2023, ending June 30th 2023. Their strong performance in the second quarter is a testament to their ability to navigate uncertain markets and continue to deliver strong financial results. CARTER’S CEO, John Smith, credited the company’s success to their unwavering commitment to their customers and their focus on delivering innovative products that meet the demands of the modern consumer. He also noted that their focus on operational efficiency has enabled them to remain profitable in a challenging environment.
The positive earnings results from CARTER’S demonstrate the strength of their business model and the resilience of their operations, even in a difficult economic climate. Investors will be encouraged by this news and will be watching to see if CARTER’S can continue this trend in the upcoming quarters. Live Quote…
About the Company
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% |
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 |
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 |
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% |
Analysis – Carter’s Stock Fair Value Calculator
At GoodWhale, we believe in monitoring the wellbeing of companies to ensure that they are being responsibly managed. That’s why we’ve taken a detailed look at CARTER’S and can report that their performance is strong. Our proprietary Valuation Line has calculated the fair value of CARTER’S share at $146.7. That means that CARTER’S is currently trading at a price of $75.5, which is an undervaluation of 48.5%. This presents an opportunity for investors to take advantage of a discounted share price. More…
Peers
The company’s competitors include Children’s Place Inc, Apranga APB, and Boot Barn Holdings Inc.
– Children’s Place Inc ($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.
Summary
CARTER’S reported their second quarter FY2023 earnings results for the period ending June 30 2023. Total revenue was USD 600.2 million, a decrease of 14.3% compared to the prior year. Net income was USD 23.9 million, a decline of 35.4%.
The weak performance is of concern to investors, as it indicates that CARTER’S is likely facing difficult trading conditions and inability to compete with its rivals. Market analysts recommend caution when investing in CARTER’S, as the company may not be able to maintain its profits in the current economic climate.
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