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).
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 2025 | Amount | Q/Q | Y/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.
Source: Carter's 10-Q on SEC EDGAR.