Carter’s Inc (CRI)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,395,935	1,393,309	1,387,440	1,426,783	1,472,358	1,549,635	1,587,888	1,625,356	1,662,274	1,635,397	1,610,331	1,477,139	1,313,442	1,314,969	1,333,465	1,420,946	1,508,550	1,508,672	1,493,911	1,480,873
Revenue (ttm)	US$ in thousands	2,921,271	2,974,223	3,000,099	3,080,086	3,150,547	3,294,716	3,361,194	3,420,196	3,425,819	3,353,810	3,345,468	3,133,951	2,993,623	3,120,152	3,196,123	3,409,921	3,519,290	3,503,790	3,484,678	3,447,489
Gross profit margin		47.79%	46.85%	46.25%	46.32%	46.73%	47.03%	47.24%	47.52%	48.52%	48.76%	48.13%	47.13%	43.87%	42.14%	41.72%	41.67%	42.87%	43.06%	42.87%	42.96%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,395,935K ÷ $2,921,271K
= 47.79%

Carter’s Inc's gross profit margin has fluctuated over the past few quarters. The trend shows that the gross profit margin has been relatively stable, with some slight variations. From December 2019 to December 2023, the gross profit margin has ranged from a low of 41.67% to a high of 48.76%.

There was a significant decline in the gross profit margin from December 2019 to March 2021, dropping from 42.87% to 43.87%. However, since then, the gross profit margin has shown an upward trend, reaching a high of 48.76% in September 2021.

Overall, the gross profit margin for Carter’s Inc has performed relatively well, showing resilience and consistency over time. It is essential to monitor future trends in the gross profit margin to assess the company's profitability and efficiency in managing costs related to production.