NYSE$CRI
Carter's · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Carter's reported second quarter fiscal 2024 results, achieving sales and earnings objectives amidst a promotional market and macroeconomic pressures.
Carter's, Inc. reported a decrease in net sales to $564 million compared to $600 million in Q2 2023. Despite lower sales, the company achieved a higher operating margin of 7.0% compared to 6.3% in the prior year. Diluted EPS increased to $0.76 from $0.64 in Q2 2023. The company distributed $54 million to shareholders through dividends and share repurchases.
- Net sales decreased by 6.0% to $564.4 million due to macroeconomic factors.
- Operating margin increased to 7.0% due to lower inbound freight and product costs.
- Diluted EPS increased to $0.76 compared to $0.64 in the prior year.
- The company returned $54 million to shareholders through dividends and share repurchases.
Headline financials
Revenue & EPS history
Carter's · Revenue · Quarterly
$564M
Revenue by segment
Carter's · $792M total across 3 segments · Q3 2023
- U.S. Retail$375M-8.2%47.3%
- U.S. Wholesale$300M+4.1%37.9%
- International$117M-4.5%14.7%
Forward guidance
The Company projects net sales of $2.785 billion to $2.825 billion and adjusted operating income of $240 million to $260 million. Adjusted diluted EPS is expected to be $4.60 to $5.05 for fiscal year 2024.
Tailwinds
- Lower net interest expense.
- Lower effective tax rate.
- Continued return of capital.
- Increased investments in brand marketing to improve customer acquisition.
- Continued store fleet optimization, including opening high-margin stores, closing low-margin stores, and converting stores to more productive formats.
Headwinds
- Continued macroeconomic pressure on consumer demand.
- Lower gross profit margin in Q3.
- Increased SG&A.
- Lower prices to drive traffic.
- Risk adjusted forecasts for the year to reflect the performance now believed possible.
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 2024
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro