Carter’s Inc (CRI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 302,242 | 316,736 | 438,290 | 134,984 | 327,952 |
| Revenue | US$ in thousands | 2,911,830 | 3,150,090 | 3,425,780 | 2,967,910 | 3,519,290 |
| Pretax margin | 10.38% | 10.05% | 12.79% | 4.55% | 9.32% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $302,242K ÷ $2,911,830K
= 10.38%
Carter’s Inc's pretax margin has fluctuated over the past five years. In 2021, the pretax margin was the highest at 12.79%, indicating that the company generated $0.128 in pretax profit for every $1 in revenue. This was a significant improvement from 2020 when the pretax margin was only 4.55%.
In 2022 and 2023, the pretax margin remained relatively stable at 10.05% and 10.38% respectively. This indicates that Carter’s Inc was able to maintain profitability levels despite potential challenges in the operating environment.
Overall, the pretax margin trend suggests that Carter’s Inc has been able to effectively manage its expenses and generate profits relative to its revenue over the years. However, further analysis of the company's operating expenses and revenue drivers would provide a more in-depth understanding of its financial performance.
Peer comparison
Dec 31, 2023