NYSE$CRI

Carter's · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Carter's third quarter results showed progress recovering from market disruption.

Carter's, Inc. reported third quarter fiscal 2020 results, exceeding sales and earnings goals. Net sales reached $865 million, with a decline of 8%. Operating income grew by 35% to $114 million, and diluted EPS increased by 38% to $1.85. The company had $1.6 billion in liquidity at quarter end.

  • Third quarter results show progress recovering from market disruption
  • Net sales $865 million, decline of 8%
  • U.S. Retail comparable sales down 3.5%, including 17% increase in eCommerce sales
  • Operating income $114 million, growth of 35%; adjusted operating income $120 million, growth of 4%

Headline financials

Total Revenue

$865M

Previous: $943M-8.3%
EPS (adj)

$1.96

Previous: $1.87+4.8%
Capital Expenditures

-$25.2M

Previous: -$46.1M+45.4%
Free Cash Flow

$56M

Previous: $14.1M+297.0%
Net Income

$81.2M

Previous: $60.3M+34.8%
Operating Income

$114M

Previous: $83.9M+35.4%
Gross Profit

$384M

Previous: $402M-4.6%
Cash & Equivalents

$831M

Previous: $154M+439.9%
Total Assets

$3.28B

Previous: $2.9B+13.2%
Stock-Based Comp

$3.05M

Previous: $3.73M-18.4%

Revenue & EPS history

Carter's · Revenue · Quarterly

$865M

Q3 2020-8.3%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Carter's · $865M total across 3 segments · Q3 2020

  • U.S. Retail
    $449M
  • U.S. Wholesale
    $302M
  • International
    $114M

Forward guidance

Given the market disruption caused by the COVID-19 pandemic, recent spikes in confirmed cases of the coronavirus, and related uncertainty on timing and extent of the market recovery, the Company is not providing fiscal 2020 sales and earnings guidance at this time.

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 Q3 2020

Historical avgQ3 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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