NYSE$CRI
Carter's · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Exceeded sales and earnings objectives, driven by strong U.S. Retail performance and effective pricing and brand marketing strategies.
Carter's Inc. reported better-than-expected Q3 2024 results, with U.S. Retail sales driven by strong product offerings, pricing, and marketing strategies. The company is reaffirming its fiscal year 2024 outlook for sales and adjusted operating income, and raising its adjusted diluted EPS outlook.
- Net sales were $758 million, compared to $792 million in Q3 2023.
- Operating margin was 10.2%, compared to 11.8% in Q3 2023; adjusted operating margin was 10.2%, compared to 12.2% in Q3 2023.
- Diluted EPS was $1.62, compared to $1.78 in Q3 2023; adjusted diluted EPS was $1.64, compared to $1.84 in Q3 2023.
- The company is reaffirming its fiscal year 2024 outlook for net sales of $2.785 billion to $2.825 billion and adjusted operating income of $240 million to $260 million, and raising its adjusted diluted EPS outlook to $4.70 to $5.15.
Headline financials
Revenue & EPS history
Carter's · Revenue · Quarterly
$758M
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
For the fourth quarter of fiscal 2024, the Company projects net sales of $800 million to $840 million, adjusted operating income of $70 million to $90 million, and adjusted diluted earnings per share of $1.32 to $1.72.
Tailwinds
- Lower net interest expense.
- Lower effective tax rate.
- Lower share count.
Headwinds
- Continued macroeconomic pressure on consumer demand.
- Approximately $30 million of investments in pricing & brand marketing.
- Lower gross profit margin.
- Increased SG&A.
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 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% | — | — |
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