Carter's Q2 Revenue Rises 5.2% to $615.5 Million, Beating Estimates

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3▲1 ▼0Impact / 5
Summary · why it matters

Carter's reported second-quarter revenues of $615.5 million, up 5.2% year on year and 1.6% above analysts' expectations, though next-quarter revenue guidance missed consensus. The children's apparel maker's results were part of a mixed quarter for the 15 consumer discretionary apparel and accessories stocks tracked, which as a group beat revenue consensus by 1.2% while next-quarter revenue guidance came in 4.7% below expectations. Chief Executive Officer and President Sharon Price John said net sales rose 5% and adjusted operating profit rose 54%, exceeding the prior outlook, crediting improved marketing, early benefits of productivity initiatives, and progress in the Baby segment. Among peers, Figs posted the group's fastest growth at 28.8% year on year with revenue of $196.6 million, while Stitch Fix delivered the weakest guidance update and ThredUp's stock has fallen 65.8% since reporting. Carter's shares are down 15.4% since its results and trade at $31.98.

Impact on assets 5

Consumer Discretionary▲ · 4 stocks
Carter’s Inc
CRI
▲ PositiveCapitalrelevance

Q2 revenue rose 5.2% to $615.5M, beating estimates, with adjusted operating profit up 54%, though next-quarter guidance missed consensus.

Stitch Fix
SFIX
± MixedCapitalrelevance

Mentioned only as delivering the weakest guidance update among the tracked apparel peers.

Health Care▲ · 1 stocks
Figs Inc
FIGS
± MixedDemandrelevance

Named as the group's fastest grower at 28.8% YoY with $196.6M revenue, but only as a peer comparison.