Carter’s posts FY2025 operating margin 5.0% (-400 bps) on net sales of USD 2.898 billion (+2%)

Reuters
Feb 27
Carter’s posts FY2025 operating margin 5.0% (-400 bps) on net sales of USD 2.898 billion (+2%)

Carter’s reported Q4 FY2025 net sales of USD 925 million (+8.0%), with operating margin of 9.2% (vs. 9.7%) and adjusted operating margin of 9.7% (vs. 13.4%). Q4 diluted EPS was USD 1.76 (+2.9%) and adjusted diluted EPS was USD 1.90 (-20.5%). Q4 included a 14th week, contributing about USD 37 million of net sales. For FY2025, Carter’s posted net sales of USD 2.898 billion (+2.0%), operating margin of 5.0% (vs. 9.0%) and adjusted operating margin of 6.1% (vs. 10.1%). FY diluted EPS was USD 2.53 (-50.6%) and adjusted diluted EPS was USD 3.47 (-40.3%). Operating cash flow was USD 122 million, and USD 56 million was returned to shareholders through dividends; no shares were repurchased in FY2025. The company ended FY2025 with total liquidity of USD 1.2 billion, including USD 487 million in cash and cash equivalents, and completed a refinancing with USD 575 million of 7.375% senior notes due 2031 to redeem USD 500 million senior notes due 2027, alongside a new USD 750 million asset-based revolving credit facility maturing in November 2030. Management said Q4 sales grew across U.S. Retail, International and U.S. Wholesale, citing improved traffic, new customer acquisition, higher realized pricing and increased penetration of key assortments. Carter’s also highlighted actions taken in FY2025 to right-size costs and improve merchandise and store productivity in response to tariffs. The board declared a quarterly dividend of USD 0.25 per share (payable March 27, 2026). For FY2026 (excluding potential benefits from recent tariff developments), Carter’s expects low single-digit to mid-single-digit net sales growth, low single-digit to mid-single-digit growth in adjusted operating income, and a low double-digit to mid-teens decline in adjusted diluted EPS.

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