NYSE$CRI
Carter's · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a decrease in net sales and operating income due to declines in U.S. Retail and U.S. Wholesale sales, partially offset by growth in International sales.
Carter's, Inc. reported second quarter fiscal 2022 results with net sales of $701 million and diluted EPS of $0.93. The company returned $132 million to shareholders through share repurchases and dividends. The absence of government stimulus, surge in gas prices and inflation weighed on consumers' demand.
- Net sales decreased by 6.1% to $700.7 million.
- Diluted EPS was $0.93, while adjusted diluted EPS was $1.30.
- Operating income decreased to $75.4 million, with an operating margin of 10.8%.
- The company returned $132 million to shareholders through share repurchases and dividends.
Headline financials
Revenue & EPS history
Carter's · Revenue · Quarterly
$701M
Revenue by segment
Carter's · $701M total across 3 segments · Q2 2022
- U.S. Retail$379M-10.5%54.1%
- U.S. Wholesale$224M-3.3%32.0%
- International$97.6M+7.1%13.9%
Forward guidance
For fiscal year 2022, the Company projects net sales of approximately $3.25 billion to $3.30 billion and adjusted diluted earnings per share of approximately $7.10 to $7.60.
Tailwinds
- Inventory commitments aligned with our revised sales outlook
- Better mix and level of inventories relative to last year, supporting the upcoming back-to-school and holiday seasons
- Improving supply chain performance
- Reduced discretionary spending
- Improved price realization
Headwinds
- A continuation of second quarter demand trends
- Market risks related to inflation
- Impact on consumer demand
- Adjusted operating income of approximately $415 million to $440 million, compared to $500.8 million in fiscal 2021
- Adjusted diluted earnings per share of approximately $7.10 to $7.60, compared to $7.87 in fiscal 2021
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.1%
Avg return
Earnings day
-2.0%
Avg return
5 days after
-2.6%
Avg return
30 days after
54%
35 / 65 earnings
Positive
+14.5%
Q4 2015
Best reaction
-20.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.7% | -1.9% | +14.2% | |
| Q4 2025 | -20.3% | -16.3% | -17.2% | |
| Q3 2025 | +2.0% | -2.9% | -0.2% | |
| Q2 2025 | +3.6% | +8.5% | +25.4% | |
| Q1 2025 | -11.4% | -13.5% | -17.9% | |
| Q4 2024 | -16.1% | -20.7% | -20.7% | |
| Q3 2024 | -14.2% | -15.4% | -17.8% | |
| Q2 2024 | +1.4% | +1.2% | +10.8% | |
| Q1 2024 | -1.6% | -4.4% | -7.9% | |
| Q4 2023 | +0.6% | -1.3% | +3.9% | |
| Q3 2023 | +3.1% | +3.5% | +5.4% | |
| Q2 2023 | +0.4% | -0.9% | -8.1% | |
| Q1 2023 | -1.5% | -2.1% | -9.2% | |
| Q4 2022 | +0.5% | +2.2% | -5.2% | |
| Q3 2022 | -7.7% | -11.5% | +2.1% | |
| Q2 2022 | +2.3% | +0.7% | -5.4% | |
| Q1 2022 | -3.9% | -3.1% | -12.9% | |
| Q4 2021 | +10.1% | +13.0% | +7.8% | |
| Q3 2021 | +1.1% | +2.6% | +1.6% | |
| Q2 2021 | +2.2% | +1.3% | +5.2% | |
| Q1 2021 | +8.1% | +6.8% | -0.9% | |
| Q3 2020 | +0.8% | -4.7% | +0.6% | |
| Q2 2020 | +2.9% | -2.1% | -10.6% | |
| Q1 2020 | +0.6% | +4.9% | +19.1% | |
| Q4 2019 | -17.2% | -17.4% | -34.7% | |
| Q3 2019 | +2.7% | +2.9% | +4.2% | |
| Q2 2019 | +3.9% | +0.9% | -5.0% | |
| Q1 2019 | -2.2% | +0.8% | -20.5% | |
| Q4 2018 | +7.1% | +7.7% | +8.7% | |
| Q3 2018 | -3.8% | +2.6% | -5.7% | |
| Q2 2018 | -10.2% | -9.3% | -9.1% | |
| Q1 2018 | -1.5% | -4.4% | +7.2% | |
| Q4 2017 | -5.0% | -4.9% | -15.2% | |
| Q3 2017 | +4.3% | +3.1% | +14.0% | |
| Q2 2017 | -2.7% | -0.2% | -1.8% | |
| Q1 2017 | -0.1% | +0.0% | -9.9% | |
| Q4 2016 | +7.7% | +5.3% | +7.3% | |
| Q3 2016 | +1.6% | +1.1% | +8.8% | |
| Q2 2016 | -8.4% | -9.5% | -13.2% | |
| Q1 2016 | +1.6% | — | — | |
| Q4 2015 | +14.5% | — | — | |
| Q3 2015 | +2.1% | — | — | |
| Q2 2015 | -6.9% | — | — | |
| Q1 2015 | +7.4% | — | — | |
| Q4 2014 | +6.9% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | +6.6% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +9.2% | — | — | |
| Q3 2013 | -8.9% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | +7.1% | — | — | |
| Q4 2012 | -4.2% | — | — | |
| Q3 2012 | +2.7% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q1 2012 | +4.1% | — | — | |
| Q4 2011 | +11.8% | — | — | |
| Q3 2011 | -2.4% | — | — | |
| Q2 2011 | -6.1% | — | — | |
| Q4 2009 | +2.7% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q3 2010 | +4.5% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q1 2010 | -5.4% | — | — |
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