Carter’s Inc (CRI)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	323,405	379,171	497,079	189,869	371,872
Revenue	US$ in thousands	2,911,830	3,150,090	3,425,780	2,967,910	3,519,290
Operating profit margin		11.11%	12.04%	14.51%	6.40%	10.57%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $323,405K ÷ $2,911,830K
= 11.11%

Carter’s Inc's operating profit margin has displayed fluctuations over the past five years. The operating profit margin decreased significantly in 2020 to 6.40%, reflecting lower profitability compared to previous years. However, the company managed to improve its operating profit margin in 2021 to 14.51%, indicating a strong performance in enhancing operational efficiency. In 2022, there was a slight decline in the operating profit margin to 12.04%, which may be attributed to various factors affecting the company's profitability. In the most recent period of Dec 31, 2023, the operating profit margin stood at 11.11%, suggesting a further decrease compared to the previous year. Overall, the trend in operating profit margin indicates some variability in Carter’s Inc's ability to generate profits from its core operations during the specified period.