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Jun 27, 2020
Carter's Q2 2020 Earnings Report
Carter's reported a decline in net sales due to store closures, but experienced strong online demand and growth in exclusive brand sales.
Key Takeaways
Carter's Inc. reported a 30% decrease in net sales to $515 million for Q2 2020, impacted by COVID-19 related store closures. However, the company saw strong growth in eCommerce and sales of exclusive brands, with $1.5 billion in liquidity at quarter end.
Net sales decreased by 30% to $515 million.
Diluted EPS was $0.19, while adjusted diluted EPS was $0.54.
Results were significantly impacted by the COVID-19 pandemic, with North American retail stores closed for much of the quarter.
U.S. eCommerce comparable sales increased by 101%.
Revenue by Segment
Forward Guidance
Due to 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.
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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