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Carter's (CRI)
NYSE:CRI
Holding CRI?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.88Last Year’s EPS
$2.76Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2024
|% Change Since: -15.60%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While the company exceeded its sales and earnings forecast and showed strong liquidity, it also faced challenges such as a decline in overall sales, particularly in the older kids' segment, and a decrease in Canadian sales. Pricing investments impacted gross margins, and U.S. Retail continues to face headwinds. However, improvements in Retail trends and international growth in Mexico provide optimistic signals.Company Guidance
During Carter's Q3 2024 earnings call, management provided guidance that exceeded expectations, with sales and earnings surpassing the high end of their forecast. U.S. Retail segment sales were notably strong, while U.S. Wholesale sales met the upper end of projections, and International sales lagged at the lower end due to slow cooler weather apparel sales in Canada. Earnings were substantially above guidance, aided by a gross profit in line with forecasts and lower SG&A expenses. Carter's ended the quarter with over $1 billion in liquidity, no seasonal borrowings, and better-than-anticipated inventory levels and cash flow. With annual sales projected at $2.8 billion, the U.S. Retail business is expected to contribute approximately 50% of total sales. The company anticipates U.S. Wholesale sales to exceed $1 billion, driven by exclusive brands at major retailers like Target, Walmart, and Amazon. International sales are expected to contribute about 14% of total sales, with high single-digit growth in Mexico offset by declines in Canada. Management reaffirmed their annual outlook but noted potential market-related risks that could affect Q4 performance.Better-Than-Forecasted Q3 Results
Sales and earnings exceeded the high end of guidance. U.S. Retail sales were a key driver of this outperformance.
Strong Cash Position
Ended the quarter with a higher cash balance, no seasonal borrowings, lower interest costs, and over $1 billion in liquidity.
Growth in Baby Apparel Segment
Baby apparel sales grew by 2% compared to last year, contributing over 50% of total apparel sales.
Omnichannel Sales Increase
12% lift in omnichannel sales in the third quarter, with 38% of digital orders supported by stores.
Positive Trend in U.S. Retail Sales
Comparable U.S. Retail sales in August and September were down about 5%, an improvement from earlier trends.
International Sales Growth in Mexico
Forecasting high single-digit growth in Mexico for the year.
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CRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $64.72 | $56.10 | -13.32% |
| Jul 26, 2024 | $58.23 | $55.75 | -4.26% |
| Apr 26, 2024 | $68.83 | $67.34 | -2.16% |
| Feb 27, 2024 | $77.61 | $76.73 | -1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carter's (CRI) report earnings?
Carter's (CRI) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Carter's (CRI) earnings time?
Carter's (CRI) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRI EPS forecast?
CRI EPS forecast for the fiscal quarter 2024 (Q4) is $1.88.
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