NYSE$CRI
Carter's · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported third quarter fiscal 2021 results with net sales increasing and earnings objectives meaningfully exceeded.
Carter's, Inc. reported a 3% increase in net sales to $891 million in the third quarter of fiscal 2021. Diluted EPS increased to $1.93, and the company returned $128 million to shareholders through dividends and share repurchases. The company is raising its full-year profit outlook and forecasting record earnings for 2021.
- Net sales grew by 3% to $891 million.
- U.S. Retail comparable sales increased by 5.9%.
- Operating margin improved to 13.9% compared to 13.1% in Q3 2020.
- Diluted EPS rose to $1.93 from $1.85 in Q3 2020.
Headline financials
Revenue & EPS history
Carter's · Revenue · Quarterly
$891M
Revenue by segment
Carter's · $891M total across 3 segments · Q3 2021
- U.S. Retail$466M+3.7%52.3%
- U.S. Wholesale$294M-2.6%33.0%
- International$131M+14.9%14.7%
Forward guidance
For the fourth quarter of fiscal 2021, the Company projects net sales will be approximately $1,025 million, adjusted operating income will be approximately $127 million, and adjusted diluted earnings per share will be approximately $2.00. For fiscal 2021, the Company projects net sales will be approximately $3.45 billion, adjusted operating income will be approximately $490 million and adjusted diluted earnings per share will be approximately $7.57.
Tailwinds
- Benefit of wholesale customer shipments shifting from the third quarter to the fourth quarter
- Favorable trends in international demand
- Expected continued progress in improving price realization
- Raising previous sales outlook for the fourth quarter
- Flowing through the stronger third quarter earnings to the full year
Headwinds
- A 14 week fiscal quarter in 2020
- Higher transportation costs
- The benefit of the release of inventory reserves in the prior year period
- Adjusted operating income will be approximately $127 million (compared to adjusted operating income of $145.5 million in the fourth quarter of fiscal 2020)
- Adjusted diluted earnings per share will be approximately $2.00 (compared to adjusted diluted earnings per share of $2.46 in the prior year period)
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 2021
-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