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Jul 03, 2021
Carter's Q2 2021 Earnings Report
Achieved record levels of sales and earnings.
Key Takeaways
Carter's, Inc. reported strong second quarter fiscal 2021 results with net sales of $746 million, a 45% increase compared to the prior year. Diluted EPS was $1.62, and adjusted diluted EPS was $1.67. The company has raised its full year fiscal 2021 outlook.
Net sales $746 million, growth of 45%
Strong growth in all business segments
Gross margin 49.4%, 370 basis point expansion
Diluted EPS $1.62 vs. $0.19 in Q2 2020; adjusted diluted EPS $1.67 vs. $0.54 in Q2 2020
Revenue by Segment
Forward Guidance
The Company’s revised outlook for fiscal year 2021 reflects stronger than expected performance in the first half, and improved second half sales and adjusted earnings compared to those contemplated in its previous guidance.
Positive Outlook
- market-leading product assortments
- structural changes made during the pandemic, such as improved assortment productivity
- inventory management and marketing effectiveness
- benefit of government stimulus
Challenges Ahead
- supply chain disruptions
- higher transportation costs
- COVID-19 case trends
- consumer traffic
- international consumer demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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