Filing Flows › Carter's (CRI) › Q2 2026 › vs Q2 2025
Carter's (CRI) Q2 2026 vs Q2 2025 (year over year)
Carter's's revenue rose $30.2M (+5%) from $585M in Q2 2025 to $615M in Q2 2026. The biggest changes: U.S. Wholesale +$22.6M (+12%); U.S. Retail +$5.1M (+2%); International +$2.5M (+3%). Gross margin 67.0% against 48.1% (+18.9 pts).
Carter's, Q2 2026: revenue $615M (+5% year over year), operating margin 22.7%, net earnings $105M, operating cash flow $196M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 67.0% | 48.1% | +18.9 pts |
| Operating margin | 22.7% | 0.7% | +22.0 pts |
| Net margin | 17.1% | 0.1% | +17.0 pts |
| Free cash flow margin | 30.9% | 4.1% | +26.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| U.S. Retail | $305M | $300M | $5.1M | +2% |
| U.S. Wholesale | $216M | $193M | $22.6M | +12% |
| International | $95.3M | $92.8M | $2.5M | +3% |
| Revenue | $615M | $585M | $30.2M | +5% |
| Gross profit | $413M | $282M | $131M | +46% |
| Cost of revenue | $203M | $304M | −$101M | -33% |
| Operating profit | $140M | $4.0M | $136M | 35× |
| Operating expenses | $273M | $278M | −$4.9M | -2% |
| Pre-tax earnings | $137M | $1.7M | $135M | 80× |
| Other expense, net | $3.2M | $2.3M | $840K | +36% |
| Net earnings | $105M | $446K | $105M | 235× |
| Income tax | $31.7M | $1.3M | $30.4M | 25× |
| Depreciation & amortization | $12.1M | $12.6M | −$546K | -4% |
| Share-based compensation | $3.7M | $5.2M | −$1.5M | -29% |
| Working capital & other | $75.2M | $22.0M | $53.1M | +241% |
| Operating cash flow | $196M | $40.3M | $156M | +386% |
| Free cash flow (OCF − capex) | $190M | $24.1M | $166M | +688% |
| Capital expenditures | $5.8M | $16.2M | −$10.4M | -64% |
Questions
How much did Carter's's revenue grow year over year in Q2 2026?
Carter's's revenue rose $30.2M (+5%) from $585M in Q2 2025 to $615M in Q2 2026.
What drove Carter's's revenue change in Q2 2026?
U.S.