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Sep 26, 2020
Carter's Q3 2020 Earnings Report
Carter's third quarter results showed progress recovering from market disruption.
Key Takeaways
Carter's, Inc. reported third quarter fiscal 2020 results, exceeding sales and earnings goals. Net sales reached $865 million, with a decline of 8%. Operating income grew by 35% to $114 million, and diluted EPS increased by 38% to $1.85. The company had $1.6 billion in liquidity at quarter end.
Third quarter results show progress recovering from market disruption
Net sales $865 million, decline of 8%
U.S. Retail comparable sales down 3.5%, including 17% increase in eCommerce sales
Operating income $114 million, growth of 35%; adjusted operating income $120 million, growth of 4%
Revenue by Segment
Forward Guidance
Given 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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