Carter’s Inc (CRI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 230,809 | 292,991 | 307,633 | 304,519 | 302,242 | 264,746 | 260,232 | 276,063 | 316,736 | 339,743 | 367,211 | 413,341 | 438,290 | 435,761 | 427,703 | 339,970 | 134,984 | 168,924 | 142,277 | 192,510 |
| Revenue (ttm) | US$ in thousands | 2,844,020 | 2,811,464 | 2,843,417 | 2,878,969 | 2,911,867 | 2,964,819 | 2,990,695 | 3,070,682 | 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 |
| Pretax margin | 8.12% | 10.42% | 10.82% | 10.58% | 10.38% | 8.93% | 8.70% | 8.99% | 10.05% | 10.31% | 10.93% | 12.09% | 12.79% | 12.99% | 12.78% | 10.85% | 4.51% | 5.41% | 4.45% | 5.65% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $230,809K ÷ $2,844,020K
= 8.12%
Carter’s Inc's pretax margin has displayed fluctuations over the past few years, indicating varying levels of efficiency in generating profits before taxes. The margin started at 5.65% in March 2020, decreased to 4.45% by June 2020, and then fluctuated between 4.51% and 5.41% for the rest of 2020.
There was a significant improvement in pretax margin in March 2021, reaching 10.85%, which continued to rise to 12.78% by June 2021, indicating stronger profitability in these periods. This positive trend was sustained through September and December 2021, with margins of 12.99% and 12.79%, respectively.
However, starting from March 2022, the pretax margin began to decline gradually, dropping to 8.99% by March 2023. The margin remained relatively stable between 8.70% and 10.58% for the next few quarters.
In December 2024, there was a noticeable decrease in the pretax margin to 8.12%, reflecting a decline in profitability compared to the previous quarter. Overall, it is essential for Carter’s Inc to closely monitor and address the factors influencing these fluctuations in pretax margin to ensure sustainable and profitable operations in the future.
Peer comparison
Dec 31, 2024