Filing Flows

Filing Flows › Carter's (CRI) › Q1 2025

Carter's (CRI) Q1 2025 earnings results (first quarter 2025)

10-Q filed Apr 25, 2025

Carter's (CRI) reported revenue of $630M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -27% from the quarter before. Operating margin was 4.1%, net earnings $15.5M (2.5% of revenue).

Revenue$630M
Year over year-5%
Quarter over quarter-27%
Operating margin4.1%
Net earnings$15.5M

Carter's, Q1 2025: revenue $630M (-5% year over year), operating margin 4.1%, net earnings $15.5M, operating cash flow −$48.6M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$630M-27%-5%
Gross profit$291M-29%-8%
Operating profit$26.1M-69%-53%
Net earnings$15.5M-75%-59%
Operating cash flow−$48.6M——

What changed

Revenue was $629.8M in Q1 2025, down 5% year over year and down 27% from the previous quarter. U.S. Retail was the largest line at 47% of revenue. U.S. Wholesale lost $14.0M year over year (down 5%), 44% of the total change.

Gross margin was 46.2%, down 1.4 points from a year earlier. Operating profit was $26.1M, a 4.1% margin (down 4.2 points year over year). Operating expenses grew 2% against a revenue fall of 5%. Net earnings were $15.5M, down 59% year over year. The effective tax rate was 27.2%.

Operating cash flow was −$48.6M. Non-cash charges added back $12.3M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $86.3M. Capital expenditures of $10.3M exceeded it, leaving free cash flow of −$59.0M.

Questions

What was Carter's revenue in the first quarter 2025?

Carter's (CRI) reported revenue of $630M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -27% from the quarter before.

Was Carter's profitable in the first quarter 2025?

Operating profit was $26.1M (4.1% of revenue) and net earnings $15.5M.

Open the interactive Sankey →

Source: Carter's 10-Q on SEC EDGAR.