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Carter's (CRI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Carter's (CRI) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $752M · 5¢ of every $1 of revenue kept as net profit · operating margin 7.4%
Carter's made $752M in Q3 2026 (-0.7% Y/Y): U.S. Retail $363M, U.S. Wholesale $273M, International $117M. Operating margin 7.4%, net earnings $36.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $752.5M in Q3 2026, down 1% year over year and up 22% from the previous quarter. U.S. Retail was the largest line at 48% of revenue. U.S. Wholesale lost $10.7M year over year (down 4%), 199% of the total change.
Gross margin was 47.1%, up 2.1 points from Q3 2025. Operating profit was $55.8M, a 7.4% margin (up 3.6 points year over year). Operating expenses fell 4% while revenue fell 1%. Net earnings were $36.6M, up 216% year over year. The effective tax rate was 24.4%.
Operating cash flow was −$100.5M. Non-cash charges added back $11.9M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $152.6M. Capital expenditures of $16.9M exceeded it, leaving free cash flow of −$117.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $752M | -0.7% | 7.4% | $36.6M | −$100M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $615M | +5% | 22.7% | $105M | $196M |
| Q1 2026 | 10-Q | May 6, 2026 | $681M | +8% | 4.2% | $14.3M | $6.4M |
| Q4 2025 | 10-K | Feb 27, 2026 | $925M | +8% | 9.2% | $64.2M | $259M |
| Q3 2025 | 10-Q | Oct 27, 2025 | $758M | -0.1% | 3.8% | $11.6M | −$128M |
| Q2 2025 | 10-Q | Jul 25, 2025 | $585M | +4% | 0.7% | $446K | $40.3M |
| Q1 2025 | 10-Q | Apr 25, 2025 | $630M | -5% | 4.1% | $15.5M | −$48.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Carter's
We are North America’s largest and most-enduring apparel company exclusively for babies and young children. Our core brands are Carter’s and OshKosh B’gosh (or “ OshKosh ”), iconic and among the sector’s most trusted names. Our exclusive Carter’s brands, which consist of Child of Mine , Just One You , and Simple Joys , are developed for Walmart, Target, and Amazon. Our emerging brands include Little Planet , crafted with organic fabrics and sustainable materials, Otter Avenue , a toddler-focused apparel brand, and Skip Hop , baby essentials from tubs to toys.
In its own words, from its 10-K, filed Feb 27, 2026.
Carter's against its Apparel & Other Finishd Prods of Fabrics & Similar Matl peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.7% against the peers' median +2%. Operating margin: 7.4% against the peers' median 7.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CRI Carter's | Q3 2026 | $752M | -0.7% | 7.4% |
| LULU lululemon athletica | Q2 FY27 | $2.4B | -4% | 18.8% |
| LEVI Levi Strauss | Q3 FY26 | $1.6B | +4% | 13.8% |
| UAA Under Armour | Q2 FY27 | $1.2B | -7% | 1.2% |
| COLM Columbia Sportswear | Q3 2026 | $963M | +2% | 11.4% |
| GIII G III Apparel Group | Q2 FY27 | $554M | -10% | 2.0% |
| FIGS Figs | Q3 2026 | $191M | +26% | 11.6% |
| SGC Superior Group of Companies | Q2 2026 | $148M | +3% | 0.8% |
| JRSH Jerash Holdings (US) | Q1 FY27 | $50.2M | +27% | 5.2% |
Source: Carter's 10-Q on SEC EDGAR · CIK 1060822 · Apparel & Other Finishd Prods of Fabrics & Similar Matl
Guidance and outlook
13F: who owns CRI and who is buying
More on CRI
- How Carter's makes money: revenue by segment
- Carter's next earnings date and what analysts expect
- Carter's stock forecast, price target and fair value
- Who owns Carter's stock: holders, funds and Congress trades
- Carter's guidance and outlook
- Is Carter's a takeover target? LBO and rumors
- Carter's recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Carter's guidance history: guided vs reported
- Carter's gross margin by quarter
- Carter's operating margin by quarter
- Carter's net income by quarter
- Carter's free cash flow by quarter
- Carter's capital expenditures by quarter
- Carter's U.S. Retail revenue by quarter
- Carter's U.S. Wholesale revenue by quarter
- Carter's International revenue by quarter