Carter’s Inc (CRI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,395,940 | 1,472,360 | 1,662,270 | 1,313,440 | 1,508,550 |
| Revenue | US$ in thousands | 2,911,830 | 3,150,090 | 3,425,780 | 2,967,910 | 3,519,290 |
| Gross profit margin | 47.94% | 46.74% | 48.52% | 44.25% | 42.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,395,940K ÷ $2,911,830K
= 47.94%
Based on the data provided, Carter’s Inc has shown a fluctuating trend in its gross profit margin over the past five years. The gross profit margin for the company has generally been improving, reaching 47.94% in 2023 compared to 42.87% in 2019.
The increase in the gross profit margin indicates that Carter’s Inc has been able to effectively manage its production costs and optimize its pricing strategies to enhance profitability. This improvement suggests that the company has been successful in controlling its cost of goods sold while generating higher revenues from its sales.
However, it is important to note the slight decrease in the gross profit margin from 2022 to 2023, which may warrant further investigation into the reasons behind this dip. Overall, the upward trend in the gross profit margin reflects positively on Carter’s Inc’s operational efficiency and financial performance in recent years.
Peer comparison
Dec 31, 2023