Carter’s IncQ2 revenue rose 5.2% to $615.5M, beating estimates, with adjusted operating profit up 54%, though next-quarter guidance missed consensus.
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.
Carter’s IncQ2 revenue rose 5.2% to $615.5M, beating estimates, with adjusted operating profit up 54%, though next-quarter guidance missed consensus.
Stitch FixMentioned only as delivering the weakest guidance update among the tracked apparel peers.
Oxford Industries Inc
ThredUp Inc
Figs IncNamed as the group's fastest grower at 28.8% YoY with $196.6M revenue, but only as a peer comparison.