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Jan 02, 2021
Carter's Q4 2020 Earnings Report
Carter's reported fourth quarter and fiscal year 2020 results, achieving sales and earnings objectives despite pandemic-related challenges.
Key Takeaways
Carter's, Inc. reported a net sales of $990 million for Q4 2020, a 10% decrease compared to Q4 2019. Diluted EPS was $2.26, a 20% decrease, while adjusted diluted EPS was $2.46, a 12% decrease. The company's eCommerce comparable sales increased by 16%, and sales of exclusive brands to Target, Walmart, and Amazon grew by 13%.
Net sales for Q4 2020 were $990 million, a decrease of 10% compared to Q4 2019.
U.S. eCommerce comparable sales increased by 16%.
U.S. sales of exclusive brands to Target, Walmart and Amazon grew 13%.
Diluted EPS was $2.26, a decrease of 20%, and adjusted diluted EPS was $2.46, a decrease of 12%.
Revenue by Segment
Forward Guidance
For fiscal 2021, the Company projects net sales will increase approximately 5% and adjusted diluted earnings per share will increase approximately 10% compared to adjusted diluted earnings per share of $4.16 in fiscal 2020.
Positive Outlook
- Net sales are projected to increase approximately 5% for fiscal 2021.
- Adjusted diluted earnings per share are projected to increase approximately 10% for fiscal 2021.
- Sales and adjusted diluted earnings per share growth to be heavily weighted to the first half of the fiscal year.
- New year got off to a good start with the arrival of our Spring product offerings
- Benefit from government stimulus payments to families with young children.
Challenges Ahead
- Lingering effects of the global pandemic.
- Sales and adjusted diluted earnings per share growth to be heavily weighted to the first half of the fiscal year.
- This forecast excludes approximately $7 million of expenses related to the COVID-19 pandemic
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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