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Mar 28, 2020
Carter's Q1 2020 Earnings Report
Carter's experienced a decline in sales and reported a loss per share due to store closures and reduced wholesale demand amid the COVID-19 pandemic.
Key Takeaways
Carter's, Inc. reported a net sales decrease of 11.7% to $654.5 million and a loss per diluted share of $1.82 for the first quarter of fiscal 2020. The results were impacted by store closures in North America and lower wholesale customer demand due to the COVID-19 pandemic. The company's Board of Directors also suspended the quarterly dividend.
Net sales decreased by 12% to $654 million due to store closures and reduced wholesale demand.
Loss per diluted share was $1.82, and adjusted loss per diluted share was $0.81.
The company believes it has sufficient liquidity to weather the disruption caused by the global health crisis.
The Board of Directors suspended the quarterly dividend.
Revenue by Segment
Forward Guidance
Given the market disruption caused by the COVID-19 pandemic, and related uncertainty on timing and extent of market recovery, the Company is not providing fiscal 2020 sales and earnings guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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