Carter's, Inc. (CRI) 10-Year Financial Performance & Capital Metrics

CRI • • Industrial / General

Consumer CyclicalApparel RetailChildren's Apparel RetailersChildren's Specialty Chains

AboutCarter's, Inc., together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International. Its Carter's products include babies and young children products, such as bodysuits, pants, dresses, knit sets, blankets, layette essentials, bibs, booties, sleep and play products, rompers, and jumpers; and OshKosh brand products comprise playclothes, such as denim apparel products with multiple wash treatments and coordinating garments, overalls, woven bottoms, knit tops, and bodysuits. The company also provides products for playtime, travel, mealtime, bathtime, and homegear, as well as kid's bags and diaper bags under the Skip Hop brand. In addition, it offers bedding, cribs, diaper bags, footwear, gift sets, hair accessories, jewelry, outerwear, paper goods, socks, shoes, swimwear, and toys. The company operates 18,800 wholesale locations, including department stores, national chain stores, and specialty stores. As of December 31, 2021, it operated 980 retail stores. The company also sells its products through its eCommerce websites, such as carters.com, oshkoshbgosh.com, oshkosh.com, and skiphop.com, as well as other international wholesale accounts and licensees. Carter's, Inc. was founded in 1865 and is headquartered in Atlanta, Georgia.Show more

Revenue $2.84B -3.4%
EBITDA $313M -19.3%
Net Income $186M -20.2%
EPS (Diluted) 5.12 -17.9%
Gross Margin 48% +1.3%
EBITDA Margin 10.99% -16.4%
Operating Margin 8.96% -18.4%
Net Margin 6.52% -17.4%
ROE 21.83% -22.9%
ROIC 12.14% -16.4%
Debt/Equity 1.32 +3.4%
Interest Coverage 8.13 -14.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.3%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 2.9% through buybacks
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.17%

5Y-4.17%

3Y-6.56%

TTM-0.34%

Profit (Net Income) CAGR

10Y-0.48%

5Y-6.8%

3Y-18.27%

TTM-61.35%

EPS CAGR

10Y3.53%

5Y-2.63%

3Y-13.13%

TTM-60.98%

ROCE

10Y Avg18.91%

5Y Avg15.05%

3Y Avg15.96%

Latest13.44%

Peer Comparison

Children's Specialty Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CRICarter's, Inc.	1.34B	36.74	7.18	-3.45%	3.15%	10.3%	18.12%	1.32
PLCEThe Children's Place, Inc.	100.42M	4.53	-1	-13.49%	-2.04%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.01B	3.2B	3.4B	3.46B	3.52B	3.02B	3.49B	3.21B	2.95B	2.84B
Revenue Growth %	0.04%	0.06%	0.06%	0.02%	0.02%	-0.14%	0.15%	-0.08%	-0.08%	-0.03%
Cost of Goods Sold+	1.76B	1.82B	1.92B	1.96B	2.01B	1.71B	1.82B	1.74B	1.55B	1.48B
COGS % of Revenue	0.58%	0.57%	0.56%	0.57%	0.57%	0.57%	0.52%	0.54%	0.53%	0.52%
Gross Profit+	1.26B	1.38B	1.48B	1.5B	1.51B	1.31B	1.66B	1.47B	1.4B	1.37B
Gross Margin %	0.42%	0.43%	0.44%	0.43%	0.43%	0.43%	0.48%	0.46%	0.47%	0.48%
Gross Profit Growth %	0.06%	0.1%	0.08%	0.01%	0.01%	-0.13%	0.27%	-0.11%	-0.05%	-0.02%
Operating Expenses+	865.17M	952.59M	1.06B	1.11B	1.14B	1.12B	1.17B	1.09B	1.07B	1.11B
OpEx % of Revenue	0.29%	0.3%	0.31%	0.32%	0.32%	0.37%	0.33%	0.34%	0.36%	0.39%
Selling, General & Admin	909.23M	995.41M	1.11B	1.14B	1.14B	1.11B	1.19B	1.11B	1.09B	1.1B
SG&A % of Revenue	0.3%	0.31%	0.33%	0.33%	0.32%	0.37%	0.34%	0.35%	0.37%	0.39%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.86M	-4.01M	1.16M	-1.42M	-3.84M	17.97M	-28.68M	-16.82M	-21.41M	15.28M
Operating Income+	392.86M	426.56M	419.57M	391.43M	371.87M	189.87M	497.08M	379.17M	323.4M	254.73M
Operating Margin %	0.13%	0.13%	0.12%	0.11%	0.11%	0.06%	0.14%	0.12%	0.11%	0.09%
Operating Income Growth %	0.18%	0.09%	-0.02%	-0.07%	-0.05%	-0.49%	1.62%	-0.24%	-0.15%	-0.21%
EBITDA+	461.26M	500M	503.98M	481.09M	467.83M	283.87M	591.19M	444.45M	387.54M	312.65M
EBITDA Margin %	0.15%	0.16%	0.15%	0.14%	0.13%	0.09%	0.17%	0.14%	0.13%	0.11%
EBITDA Growth %	0.13%	0.08%	0.01%	-0.05%	-0.03%	-0.39%	1.08%	-0.25%	-0.13%	-0.19%
D&A (Non-Cash Add-back)	68.4M	73.44M	84.41M	89.65M	95.95M	94M	94.11M	65.28M	64.14M	57.93M
EBIT	392.86M	422.48M	419.25M	390.54M	365.57M	234.9M	498.58M	359.52M	336.21M	285.56M
Net Interest Income+	-26.53M	-26.48M	-29.7M	-34.04M	-36.31M	-54.55M	-59.2M	-41.52M	-29.2M	-20.29M
Interest Income	500K	563K	345K	527K	1.3M	1.51M	1.1M	1.26M	4.78M	11.04M
Interest Expense	27.03M	27.04M	30.04M	34.57M	37.62M	56.06M	60.29M	42.78M	33.97M	31.33M
Other Income/Expense	-24.67M	-30.49M	-28.54M	-35.46M	-43.92M	-54.88M	-58.79M	-62.44M	-21.16M	-23.92M
Pretax Income+	368.19M	396.07M	391.03M	355.98M	327.95M	134.98M	438.29M	316.74M	302.24M	230.81M
Pretax Margin %	0.12%	0.12%	0.11%	0.1%	0.09%	0.04%	0.13%	0.1%	0.1%	0.08%
Income Tax+	130.37M	137.96M	88.27M	73.91M	64.15M	25.27M	98.54M	66.7M	69.74M	45.3M
Effective Tax Rate %	0.65%	0.65%	0.77%	0.79%	0.8%	0.81%	0.78%	0.79%	0.77%	0.8%
Net Income+	237.82M	258.11M	302.76M	282.07M	263.8M	109.72M	339.75M	250.04M	232.5M	185.51M
Net Margin %	0.08%	0.08%	0.09%	0.08%	0.07%	0.04%	0.1%	0.08%	0.08%	0.07%
Net Income Growth %	0.22%	0.09%	0.17%	-0.07%	-0.06%	-0.58%	2.1%	-0.26%	-0.07%	-0.2%
Net Income (Continuing)	237.82M	257.71M	302.85M	282.07M	263.8M	109.72M	339.75M	250.04M	232.5M	185.51M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	4.50	5.08	6.24	6.05	5.85	2.50	7.81	6.34	6.24	5.12
EPS Growth %	0.24%	0.13%	0.23%	-0.03%	-0.03%	-0.57%	2.12%	-0.19%	-0.02%	-0.18%
EPS (Basic)	4.55	5.13	6.31	6.11	5.89	2.51	7.83	6.34	6.24	5.12
Diluted Shares Outstanding	52.33M	50.38M	48.15M	46.65M	44.71M	43.41M	43M	38.85M	36.59M	35.53M
Basic Shares Outstanding	51.84M	49.92M	47.59M	46.16M	44.4M	43.24M	42.85M	38.82M	36.59M	35.52M
Dividend Payout Ratio	0.19%	0.26%	0.23%	0.3%	0.34%	0.24%	0.18%	0.47%	0.48%	0.63%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.13B	1.06B	1.02B	1.04B	1.11B	1.95B	1.9B	1.19B	1.1B	1.14B
Cash & Short-Term Investments	381.21M	299.36M	178.49M	170.08M	214.31M	1.1B	984.29M	211.75M	351.21M	412.93M
Cash Only	381.21M	299.36M	178.49M	170.08M	214.31M	1.1B	984.29M	211.75M	351.21M	412.93M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	207.57M	202.47M	240.56M	258.26M	251M	186.51M	231.35M	198.59M	183.77M	194.83M
Days Sales Outstanding	25.14	23.1	25.82	27.23	26.03	22.51	24.22	22.56	22.77	25
Inventory	469.93M	487.59M	548.72M	574.23M	593.99M	599.26M	647.74M	744.57M	537.13M	502.33M
Days Inventory Outstanding	97.69	97.78	104.47	106.67	107.82	127.85	129.61	156.16	126.51	123.98
Other Current Assets	56.48M	35.49M	0	0	0	57.93M	36.33M	33.81M	13.1M	13.23M
Total Non-Current Assets+	877.65M	889.51M	1.05B	1.02B	1.65B	1.45B	1.29B	1.25B	1.28B	1.29B
Property, Plant & Equipment	371.7M	385.87M	377.92M	350.44M	1.01B	855.35M	703.75M	682.16M	711.52M	758.09M
Fixed Asset Turnover	8.11x	8.29x	9.00x	9.88x	3.49x	3.54x	4.95x	4.71x	4.14x	3.75x
Goodwill	174.87M	176.01M	230.42M	227.1M	229.03M	211.78M	212.02M	209.33M	210.54M	206.88M
Intangible Assets	310.85M	308.93M	413.55M	410.2M	375.77M	345.4M	341.61M	328.96M	325.42M	291.55M
Long-Term Investments	-27.27M	12.3M	-84.85M	-87.35M	-74.37M	20.2M	17.5M	15.1M	17.3M	19.5M
Other Non-Current Assets	13.41M	-29.09M	28.43M	28.16M	33.37M	13.82M	13.39M	15.45M	12.59M	14.48M
Total Assets+	2.01B	1.95B	2.07B	2.06B	2.75B	3.39B	3.19B	2.44B	2.38B	2.43B
Asset Turnover	1.50x	1.64x	1.64x	1.68x	1.28x	0.89x	1.09x	1.32x	1.24x	1.17x
Asset Growth %	0.06%	-0.03%	0.06%	-0%	0.34%	0.23%	-0.06%	-0.23%	-0.03%	0.02%
Total Current Liabilities+	262.72M	277.61M	328.62M	327.42M	475.5M	792.53M	717.23M	528.95M	511.86M	508.82M
Accounts Payable	157.65M	158.43M	182.11M	199.08M	183.64M	472.14M	407.04M	264.08M	242.15M	248.2M
Days Payables Outstanding	32.77	31.77	34.67	36.98	33.34	100.73	81.45	55.38	57.03	61.26
Short-Term Debt	0	0	0	0	0	185.15M	133.74M	142.43M	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	54.8M	69.55M	81.62M	92.8M	12.39M	45.4M	37.02M	30.1M	38.74M	89.43M
Current Ratio	4.31x	3.81x	3.10x	3.19x	2.33x	2.46x	2.65x	2.25x	2.15x	2.25x
Quick Ratio	2.52x	2.05x	1.43x	1.43x	1.08x	1.70x	1.75x	0.84x	1.10x	1.26x
Cash Conversion Cycle	90.05	89.11	95.62	96.92	100.52	49.63	72.38	123.33	92.25	87.72
Total Non-Current Liabilities+	871.34M	880.86M	882.28M	862M	1.4B	1.66B	1.52B	1.11B	1.02B	1.07B
Long-Term Debt	584.43M	580.38M	617.31M	593.26M	594.67M	989.53M	991.37M	616.62M	497.35M	498.13M
Capital Lease Obligations	0	0	0	0	664.37M	554.5M	441.86M	421.74M	448.81M	501.5M
Deferred Tax Liabilities	128.84M	130.66M	84.85M	87.35M	74.37M	52.77M	40.91M	41.23M	41.47M	38.21M
Other Non-Current Liabilities	158.07M	169.83M	264.98M	181.39M	64.07M	65.22M	46.44M	34.76M	33.87M	31.95M
Total Liabilities	1.13B	1.16B	1.21B	1.19B	1.87B	2.45B	2.24B	1.64B	1.53B	1.58B
Total Debt+	584.43M	580.38M	617.31M	593.26M	1.42B	1.73B	1.57B	1.18B	1.08B	1.13B
Net Debt	203.22M	281.02M	438.81M	423.19M	1.2B	626.86M	582.67M	969.05M	730.32M	717.27M
Debt / Equity	0.67x	0.74x	0.72x	0.68x	1.61x	1.84x	1.65x	1.48x	1.28x	1.32x
Debt / EBITDA	1.27x	1.16x	1.22x	1.23x	3.03x	6.09x	2.65x	2.66x	2.79x	3.61x
Net Debt / EBITDA	0.44x	0.56x	0.87x	0.88x	2.58x	2.21x	0.99x	2.18x	1.88x	2.29x
Interest Coverage	14.53x	15.77x	13.97x	11.32x	9.89x	3.39x	8.24x	8.86x	9.52x	8.13x
Total Equity+	875.05M	788.12M	857.09M	869.43M	880.13M	938.03M	950.19M	796.41M	845.25M	854.56M
Equity Growth %	0.11%	-0.1%	0.09%	0.01%	0.01%	0.07%	0.01%	-0.16%	0.06%	0.01%
Book Value per Share	16.72	15.64	17.80	18.64	19.69	21.61	22.10	20.50	23.10	24.05
Total Shareholders' Equity	875.05M	788.12M	857.09M	869.43M	880.13M	938.03M	950.19M	796.41M	845.25M	854.56M
Common Stock	518K	489K	472K	456K	440K	438K	411K	377K	366K	360K
Retained Earnings	910.9M	822.38M	885.71M	909.82M	915.32M	952.6M	978.67M	830.37M	868.8M	894.02M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-36.37M	-34.74M	-29.09M	-40.84M	-35.63M	-32.76M	-28.9M	-34.34M	-23.91M	-43.68M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	307.99M	369.23M	329.62M	356.2M	387.21M	588.49M	268.26M	88.36M	529.13M	298.79M
Operating CF Margin %	0.1%	0.12%	0.1%	0.1%	0.11%	0.19%	0.08%	0.03%	0.18%	0.11%
Operating CF Growth %	0.09%	0.2%	-0.11%	0.08%	0.09%	0.52%	-0.54%	-0.67%	4.99%	-0.44%
Net Income	237.82M	258.11M	302.76M	282.07M	263.8M	109.72M	339.75M	250.04M	232.5M	185.51M
Depreciation & Amortization	68.4M	73.44M	84.41M	89.65M	95.95M	94M	94.11M	65.28M	64.14M	57.93M
Stock-Based Compensation	17.03M	16.85M	17.55M	14.67M	16.53M	12.83M	21.03M	21.88M	19.46M	17.84M
Deferred Taxes	8.66M	1.29M	-54.89M	-1.02M	-13.3M	-23.25M	-13.53M	-740K	-600K	-6.42M
Other Non-Cash Items	-5.55M	-2.14M	-1.08M	18.81M	39.73M	67.31M	6.74M	39.69M	-12.11M	32.35M
Working Capital Changes	-18.37M	21.68M	-19.13M	-47.99M	-15.5M	327.89M	-179.84M	-287.78M	225.74M	11.59M
Change in Receivables	-23.84M	5.04M	-18.05M	-34.45M	8.12M	58.27M	-46.48M	32.68M	15.45M	-13.74M
Change in Inventory	-34.35M	-17.48M	-20.92M	-30.65M	-16.68M	-8.06M	-52.91M	-106.76M	222.92M	26.13M
Change in Payables	43.32M	32.06M	41.17M	4.98M	692.1M	268.13M	-101.11M	-228.6M	-16.95M	2.16M
Cash from Investing+	-103.42M	-88.34M	-227.91M	-63.31M	-60.67M	-31.47M	-32.44M	-40.36M	-59.86M	-56.16M
Capital Expenditures	-103.5M	-88.56M	-69.47M	-63.78M	-61.42M	-32.87M	-37.44M	-40.36M	-59.86M	-56.16M
CapEx % of Revenue	0.03%	0.03%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	72K	216K	15K	380K	0	0	0	0	0	0
Cash from Financing+	-162M	-363.51M	-223.07M	-298.95M	-283.38M	324.84M	-352.71M	-819.27M	-332.64M	-174.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-46.03M	-66.36M	-70.91M	-83.72M	-89.59M	-26.26M	-60.12M	-118.11M	-112M	-116.18M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6.04M	3.29M	6.32M	-7.8M	-883K	-3.64M	6.75M	-21.49M	-606K	-8.11M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	204.49M	280.67M	260.15M	292.42M	325.8M	555.62M	230.82M	48M	469.27M	242.62M
FCF Margin %	0.07%	0.09%	0.08%	0.08%	0.09%	0.18%	0.07%	0.01%	0.16%	0.09%
FCF Growth %	0.17%	0.37%	-0.07%	0.12%	0.11%	0.71%	-0.58%	-0.79%	8.78%	-0.48%
FCF per Share	3.91	5.57	5.40	6.27	7.29	12.80	5.37	1.24	12.82	6.83
FCF Conversion (FCF/Net Income)	1.30x	1.43x	1.09x	1.26x	1.47x	5.36x	0.79x	0.35x	2.28x	1.61x
Interest Paid	0	0	0	0	0	0	0	41.2M	32.3M	29.5M
Taxes Paid	0	0	0	0	0	0	0	64M	76.5M	51.3M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	28.62%	31.04%	36.81%	32.67%	30.16%	12.07%	35.99%	28.63%	28.32%	21.83%
Return on Invested Capital (ROIC)	27.92%	29.8%	26.61%	22.68%	16.51%	7.8%	24.07%	17.24%	14.52%	12.14%
Gross Margin	41.74%	43.11%	43.62%	43.25%	42.87%	43.43%	47.68%	45.83%	47.39%	48%
Net Margin	7.89%	8.07%	8.9%	8.15%	7.5%	3.63%	9.74%	7.78%	7.89%	6.52%
Debt / Equity	0.67x	0.74x	0.72x	0.68x	1.61x	1.84x	1.65x	1.48x	1.28x	1.32x
Interest Coverage	14.53x	15.77x	13.97x	11.32x	9.89x	3.39x	8.24x	8.86x	9.52x	8.13x
FCF Conversion	1.30x	1.43x	1.09x	1.26x	1.47x	5.36x	0.79x	0.35x	2.28x	1.61x
Revenue Growth	4.15%	6.15%	6.29%	1.82%	1.65%	-14.06%	15.28%	-7.85%	-8.31%	-3.45%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Baby	1.17B	1.24B	1.27B	1.24B	1.23B	1.03B	1.12B	1.1B	1.1B	1.14B
Baby Growth	-	5.86%	2.37%	-2.53%	-0.82%	-16.44%	9.55%	-1.95%	-0.43%	3.72%
Playclothes	1.18B	1.22B	1.25B	1.3B	1.36B	1.05B	1.26B	1.13B	992.73M	948.6M
Playclothes Growth	-	2.79%	2.84%	4.31%	4.54%	-22.80%	19.91%	-10.80%	-11.79%	-4.44%
Other Products	280.18M	335.08M	456.12M	487.69M	498.99M	503.89M	599.26M	492.21M	442.89M	383M
Other Products Growth	-	19.60%	36.12%	6.92%	2.32%	0.98%	18.93%	-17.86%	-10.02%	-13.52%
Sleepwear	378.42M	407.16M	423.4M	431.96M	428.54M	441.36M	500.6M	492.15M	411.68M	373.37M
Sleepwear Growth	-	7.60%	3.99%	2.02%	-0.79%	2.99%	13.42%	-1.69%	-16.35%	-9.30%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
US Retail	-	-	1.78B	1.85B	3.77B	1.67B	1.9B	1.68B	1.5B	1.42B
US Retail Growth	-	-	-	4.28%	103.56%	-55.64%	13.62%	-11.54%	-10.62%	-5.64%
US Wholesale	-	-	1.21B	1.18B	2.41B	996.09M	1.13B	1.08B	1.01B	1.02B
US Wholesale Growth	-	-	-	-2.40%	104.23%	-58.69%	13.08%	-4.08%	-6.10%	0.67%
International	326.21M	364.74M	415.46M	430.39M	429.49M	356.6M	460.76M	452.1M	429.23M	405.6M
International Growth	-	11.81%	13.91%	3.59%	-0.21%	-16.97%	29.21%	-1.88%	-5.06%	-5.51%

Frequently Asked Questions

Valuation & Price

Carter's, Inc. (CRI) has a price-to-earnings (P/E) ratio of 7.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Carter's, Inc. (CRI) reported $2.83B in revenue for fiscal year 2024. This represents a 34% increase from $2.11B in 2011.

Carter's, Inc. (CRI) saw revenue decline by 3.4% over the past year.

Yes, Carter's, Inc. (CRI) is profitable, generating $89.1M in net income for fiscal year 2024 (6.5% net margin).

Dividend & Returns

Yes, Carter's, Inc. (CRI) pays a dividend with a yield of 8.90%. This makes it attractive for income-focused investors.

Carter's, Inc. (CRI) has a return on equity (ROE) of 21.8%. This is excellent, indicating efficient use of shareholder capital.

Carter's, Inc. (CRI) generated $92.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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