Carter's (NYSE:CRI) Exceeds Q1 Expectations But

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Carter's (NYSE:CRI) Exceeds Q1 Expectations But Children’s apparel manufacturer Carter’s (NYSE:CRI) reported Q1 CY2024 results topping analysts' expectations , with revenue down 4.9% year on year ...

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On the other hand, next quarter's revenue guidance of $565 million was less impressive, coming in 7.8% below analysts' estimates. It made a non-GAAP profit of $1.04 per share, improving from its profit of $0.98 per share in the same quarter last year.Revenue: $661.5 million vs analyst estimates of $640.4 million . EPS : $1.04 vs analyst estimates of $0.77 . Revenue Guidance for Q2 CY2024 is $565 million at the midpoint, below analyst estimates of $613 million. EPS  Guidance for Q2 CY2024 is $0.40 at the midpoint, below analyst estimates of $0.80. Rumored to sell more than 10 products for every child born in the United States, Carter's  is an American designer and marketer of children's apparel.We can dig even further into the company's revenue dynamics by analyzing its same-store sales, which show how much revenue its established l","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0079474960.USD":"联博美国增长基金A","LU1732800096.USD":"摩根大通环球收益基金A (irc)","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4177":"软饮料","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4567":"ESG概念","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","KO":"可口可乐","MSFT":"微软","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","BK4566":"资本集团","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0171293334.USD":"贝莱德英国基金A2","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","NYSE":"纽交所","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0097036916.USD":"贝莱德美国增长A2 USD","CRI":"卡特","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","MNST":"怪物饮料","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","GOOG":"谷歌","BK4202":"服装、服饰与奢侈品","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD"},"translate_title":"卡特的（纽约证券交易所代码：CRI）超出了Q1的预期，但","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRI":1,"NYSE":1,"MSFT":1,"MNST":1,"GOOG":1,"KO":1},"content_text":"Carter's (NYSE:CRI) Exceeds Q1 Expectations But \n \n\nChildren’s apparel manufacturer Carter’s (NYSE:CRI) reported Q1 CY2024 results topping analysts' expectations , with revenue down 4.9% year on year to $661.5 million. On the other hand, next quarter's revenue guidance of $565 million was less impressive, coming in 7.8% below analysts' estimates. It made a non-GAAP profit of $1.04 per share, improving from its profit of $0.98 per share in the same quarter last year. \nIs now the time to buy Carter's? Find out in our full research report.\n\nCarter's (CRI) Q1 CY2024 Highlights:\n\nRevenue: $661.5 million vs analyst estimates of $640.4 million (3.3% beat)\nEPS (non-GAAP): $1.04 vs analyst estimates of $0.77 (34.8% beat)\nRevenue Guidance for Q2 CY2024 is $565 million at the midpoint, below analyst estimates of $613 million\nEPS (non-GAAP) Guidance for Q2 CY2024 is $0.40 at the midpoint, below analyst estimates of $0.80\nThe company dropped its revenue guidance for the full year from $3 billion to $2.98 billion at the midpoint, a 0.8% decrease\nGross Margin (GAAP): 47.6%, up from 44.5% in the same quarter last year\nFree Cash Flow was -$37.57 million, down from $306 million in the previous quarter\nSame-Store Sales were down 6.8% year on year (slight beat)\nMarket Capitalization: $2.62 billion\n\n\n“We exceeded our sales and earnings objectives in the first quarter,” said Michael D. Casey, Chairman and Chief Executive Officer.\nRumored to sell more than 10 products for every child born in the United States, Carter's (NYSE:CRI) is an American designer and marketer of children's apparel. \nApparel, Accessories and Luxury Goods\nWithin apparel and accessories, not only do styles change more frequently today than decades past as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some apparel, accessories, and luxury goods companies have made concerted efforts to adapt while those who are slower to move may fall behind. \nSales Growth\nExamining a company's long-term performance can provide clues about its business quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Carter's revenue declined over the last five years, dropping 3.3% annually. Within consumer discretionary, a long-term historical view may miss a company riding a successful new product or emerging trend. That's why we also follow short-term performance. Carter's recent history shows its demand has decreased even further as its revenue has shown annualized declines of 8.5% over the last two years. \nWe can dig even further into the company's revenue dynamics by analyzing its same-store sales, which show how much revenue its established locations generate. Over the last two years, Carter's same-store sales averaged 11% year-on-year declines. Because this number is lower than its revenue growth, we can see the opening of new locations is boosting the company's top-line performance. \nThis quarter, Carter's revenue fell 4.9% year on year to $661.5 million but beat Wall Street's estimates by 3.3%. The company is guiding for a 5.9% year-on-year revenue decline next quarter to $565 million, an improvement from the 14.3% year-on-year decrease it recorded in the same quarter last year. Looking ahead, Wall Street expects sales to grow 2.2% over the next 12 months, an acceleration from this quarter. \nHere at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.\nCash Is King\nAlthough earnings are undoubtedly valuable for assessing company performance, we believe cash is king because you can't use accounting profits to pay the bills. \nOver the last two years, Carter's has shown decent cash profitability, giving it some reinvestment opportunities. The company's free cash flow margin has averaged 10.8%, slightly better than the broader consumer discretionary sector. \n\nCarter's burned through $37.57 million of cash in Q1, equivalent to a negative 5.7% margin. This caught our eye as the company shifted from cash flow positive in the same quarter last year to cash flow negative this quarter. \nKey Takeaways from Carter's Q1 Results\nCarter's quarter seemed solid with revenue, gross margin, and EPS ahead of expectations. However, both its revenue and earnings forecast for next quarter fell short of Wall Street's estimates. The company also lowered its full year guidance for revenue and EPS. The guidance is clearly weighing on the stock, and shares are down 2.2% after reporting, trading at $70 per share. \n So should you invest in Carter's right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430641275"}