Carters Inc. (CRI) financial statements: income statement, balance sheet and cash flow
Carters Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 3, 2026 · FY), Carters Inc. reported revenue of $2.9B (+1.9% year on year) and net income of $91.8M (-50.5% year on year).
Income statement
Carters Inc. income statement, fiscal years
Line item
Jan 3, 2026 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Net sales
$2.9B
$2.8B
$2.9B
$3.2B
Cost of goods sold
$1.6B
$1.5B
$1.5B
$1.7B
Gross profit
$1.3B
$1.4B
$1.4B
$1.5B
Royalty income, net
$18.1M
$19.3M
$21.4M
$25.8M
Selling, general, and administrative expenses
$1.2B
$1.1B
$1.1B
$1.1B
Intangible asset impairment
$0
$30.0M
$0
$9.0M
Operating income
$143.9M
$254.7M
$323.4M
$379.2M
Interest expense
$34.2M
$31.3M
$34.0M
$42.8M
Interest income
($13.5M)
($11.0M)
($4.8M)
($1.3M)
Other (income) expense, net
($1.1M)
$3.6M
($8.0M)
$975.0K
Pension plan settlement
$8.8M
—
—
—
Loss on extinguishment of debt
$1.7M
$0
$0
$19.9M
Income before income taxes
$113.8M
$230.8M
$302.2M
$316.7M
Income tax provision
$22.0M
$45.3M
$69.7M
$66.7M
Net income
$91.8M
$185.5M
$232.5M
$250.0M
Basic net income per common share (in USD per share)
$2.53
$5.12
$6.24
$6.34
Diluted net income per common share (in USD per share)
$2.53
$5.12
$6.24
$6.34
Dividend declared and paid per common share (in USD per share)
$1.55
$3.20
$3.00
$3.00
Carters Inc. income statement, quarters
Line item
Jul 4, 2026 · Q2
Apr 4, 2026 · Q1
Sep 27, 2025 · Q3
Jun 28, 2025 · Q2
Net sales
$615.5M
$681.1M
$757.8M
$585.3M
Cost of goods sold
$202.9M
$387.2M
$416.2M
$303.6M
Gross profit
$412.6M
$293.9M
$341.6M
$281.8M
Royalty income, net
$3.4M
$4.6M
$5.4M
$3.2M
Selling, general, and administrative expenses
$276.1M
$270.0M
$318.0M
$281.0M
Operating income
$139.8M
$28.4M
$29.1M
$4.0M
Interest expense
$11.3M
$11.8M
$7.2M
$7.9M
Interest income
($8.5M)
($3.3M)
($2.6M)
($4.3M)
Other expense (income), net
$352.0K
$86.0K
$882.0K
($1.2M)
Income before income taxes
$136.6M
$19.9M
$14.8M
$1.7M
Income tax provision
$31.7M
$5.5M
$3.2M
$1.3M
Net income
$105.0M
$14.3M
$11.6M
$446.0K
Basic net income per common share (in USD per share)
$2.87
$0.39
$0.32
$0.01
Diluted net income per common share (in USD per share)
$2.87
$0.39
$0.32
$0.01
Dividend declared and paid per common share (in USD per share)
$0.25
$0.25
$0.25
$0.25
Balance sheet
Carters Inc. balance sheet, fiscal years
Line item
Jan 3, 2026 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$487.1M
$412.9M
$351.2M
$211.7M
Accounts receivable, net
$178.6M
$194.8M
$183.8M
$198.6M
Finished goods inventories
$544.6M
$502.3M
$537.1M
$744.6M
Prepaid expenses and other current assets
$60.5M
$32.6M
$29.1M
$33.8M
Total current assets
$1.3B
$1.1B
$1.1B
$1.2B
Property, plant, and equipment, net
$186.3M
$181.0M
$183.1M
$189.8M
Operating lease assets
$591.8M
$577.1M
$528.4M
$492.3M
Tradenames, net
$268.7M
$268.0M
$298.2M
$298.4M
Goodwill
$209.0M
$206.9M
$210.5M
$209.3M
Customer relationships, net
$20.1M
$23.5M
$27.2M
$30.6M
Other assets
$18.8M
$34.0M
$29.9M
$30.5M
Total assets
$2.6B
$2.4B
$2.4B
$2.4B
Accounts payable
$235.7M
$248.2M
$242.1M
$264.1M
Current operating lease liabilities
$136.5M
$130.6M
$135.4M
$142.4M
Other current liabilities
$133.8M
$130.1M
$134.3M
$122.4M
Total current liabilities
$506.0M
$508.8M
$511.9M
$528.9M
Long-term debt, net
$567.2M
$498.1M
$497.4M
$616.6M
Deferred income taxes
$39.4M
$38.2M
$41.5M
$41.2M
Long-term operating lease liabilities
$508.5M
$501.5M
$448.8M
$421.7M
Other long-term liabilities
$19.4M
$31.9M
$33.9M
$34.8M
Total liabilities
$1.6B
$1.6B
$1.5B
$1.6B
Preferred stock; par value $0.01 per share; 100,000 shares authorized; none issued or outstanding
$0.00
$0.00
$0.00
$0.00
Common stock, voting; par value $0.01 per share; 150,000,000 shares authorized; 36,425,877 and 36,041,995 shares issued and outstanding, respectively
$364000.00
$360000.00
$366000.00
$377000.00
Additional paid-in capital
$19.6M
$3.9M
$0
$0
Accumulated other comprehensive loss
($24.4M)
($43.7M)
($23.9M)
($34.3M)
Retained earnings
$929.5M
$894.0M
$868.8M
$830.4M
Total shareholders’ equity
$925.0M
$854.6M
$845.3M
$796.4M
Total liabilities and shareholders’ equity
$2.6B
$2.4B
$2.4B
$2.4B
Carters Inc. balance sheet, quarters
Line item
Jul 4, 2026
Apr 4, 2026
Sep 27, 2025
Jun 28, 2025
Cash and cash equivalents
$653.6M
$473.4M
$184.2M
$338.2M
Accounts receivable, net
$167.9M
$196.6M
$237.9M
$140.4M
Finished goods inventories, net of inventory reserves
$577.7M
$465.9M
$656.1M
$619.1M
Prepaid expenses and other current assets
$73.4M
$75.7M
$55.6M
$60.6M
Total current assets
$1.5B
$1.2B
$1.1B
$1.2B
Property, plant, and equipment, net of accumulated depreciation
$178.7M
$179.0M
$189.0M
$188.2M
Operating lease assets
$568.3M
$578.6M
$611.6M
$571.3M
Tradenames, net
$268.5M
$268.6M
$268.7M
$268.8M
Goodwill
$207.8M
$208.4M
$208.4M
$209.0M
Customer relationships, net
$18.4M
$19.2M
$21.0M
$21.9M
Other assets
$18.2M
$18.6M
$37.0M
$38.2M
Total assets
$2.7B
$2.5B
$2.5B
$2.5B
Accounts payable
$323.6M
$188.7M
$240.2M
$306.4M
Current operating lease liabilities
$132.7M
$133.4M
$150.5M
$124.0M
Other current liabilities
$139.9M
$111.3M
$110.9M
$95.3M
Total current liabilities
$596.2M
$433.4M
$501.7M
$525.7M
Long-term debt, net
$567.8M
$567.5M
$498.7M
$498.5M
Deferred income taxes
$42.6M
$42.9M
$41.2M
$42.3M
Long-term operating lease liabilities
$484.2M
$495.4M
$529.1M
$501.8M
Other long-term liabilities
$14.2M
$16.4M
$34.0M
$33.4M
Total liabilities
$1.7B
$1.6B
$1.6B
$1.6B
Preferred stock; par value $0.01 per share; 100,000 shares authorized; none issued or outstanding
$0.00
$0.00
$0.00
$0.00
Common stock, voting; par value $0.01 per share; 150,000,000 shares authorized; 36,711,901, 36,425,877, and 36,467,071 shares issued and outstanding, respectively
$367000.00
$369000.00
$365000.00
$365000.00
Additional paid-in capital
$23.9M
$20.3M
$18.0M
$14.5M
Accumulated other comprehensive loss
($27.3M)
($26.7M)
($28.1M)
($32.8M)
Retained earnings
$1.0B
$934.6M
$874.4M
$871.9M
Total shareholders’ equity
$1.0B
$928.5M
$864.6M
$853.9M
Total liabilities and shareholders’ equity
$2.7B
$2.5B
$2.5B
$2.5B
Cash flow statement
Carters Inc. cash flow statement, fiscal years
Line item
Jan 3, 2026 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Net income
$91.8M
$185.5M
$232.5M
$250.0M
Depreciation of property, plant, and equipment
$51.5M
$54.2M
$60.4M
$61.5M
Amortization of intangible assets
$3.7M
$3.7M
$3.7M
$3.7M
Provisions for (recoveries of) excess and obsolete inventory, net
$401.0K
($348.0K)
($10.4M)
$5.0M
Intangible asset impairment
$0
$30.0M
$0
$9.0M
Gain on partial termination of corporate lease
$0
$0
($4.4M)
—
Loss on disposal of property, plant and equipment
$189.0K
—
—
—
Amortization of debt issuance costs
$1.7M
$1.6M
$1.6M
$1.9M
Stock-based compensation expense
$20.2M
$17.8M
$19.5M
$21.9M
Unrealized foreign currency exchange (gain) loss, net
($457.0K)
$380.0K
($207.0K)
($78.0K)
Provisions for doubtful accounts receivable from customers
$2.4M
$1.1M
$471.0K
$75.0K
Loss on extinguishment of debt
$1.7M
$0
$0
$19.9M
Unrealized gain on investments
($2.2M)
($2.2M)
($2.2M)
$2.5M
Pension plan settlement
$8.8M
$949.0K
—
—
Deferred income tax benefit
($162.0K)
($6.4M)
($600.0K)
($740.0K)
Accounts receivable
$15.2M
($13.7M)
$15.5M
$32.7M
Finished goods inventories
($37.1M)
$26.1M
$222.9M
($106.8M)
Prepaid expenses and other assets
($8.1M)
($3.0M)
$4.3M
$14.9M
Accounts payable and other liabilities
($27.2M)
$2.2M
($16.9M)
($228.6M)
Net cash provided by operating activities
$122.3M
$298.8M
$529.1M
$88.4M
Capital expenditures
($53.7M)
($56.2M)
($59.9M)
($40.4M)
Net cash used in investing activities
($53.7M)
($56.2M)
($59.9M)
($40.4M)
Proceeds from senior notes due 2031
$575.0M
—
—
—
Payment of senior notes due 2027
($500.0M)
$0
$0
($500.0M)
Payments of debt issuance costs
($11.7M)
$0
$0
($2.4M)
Borrowings under secured revolving credit facility
$0
$0
$70.0M
$240.0M
Payments on secured revolving credit facility
$0
$0
($190.0M)
($120.0M)
Repurchases of common stock
$0
($50.5M)
($100.0M)
($299.7M)
Dividends paid
($56.4M)
($116.2M)
($112.0M)
($118.1M)
Withholdings from vesting of restricted stock
($4.5M)
($7.6M)
($5.0M)
($6.9M)
Proceeds from exercise of stock options
$0
$367.0K
$4.4M
$4.5M
Other
($370.0K)
$0
$0
$919.0K
Net cash provided by (used in) financing activities
$2.0M
($174.8M)
($332.6M)
($819.3M)
Net effect of exchange rate changes on cash and cash equivalents
$3.5M
($6.1M)
$2.8M
($1.3M)
Net increase in cash and cash equivalents
$74.1M
$61.7M
$139.5M
($772.5M)
Cash and cash equivalents, beginning of fiscal year
$412.9M
$351.2M
$211.7M
$984.3M
Cash and cash equivalents, end of fiscal year
$487.1M
$412.9M
$351.2M
$211.7M
Carters Inc. cash flow statement, quarters
Line item
Jul 4, 2026 · YTD
Apr 4, 2026 · Q1
Sep 27, 2025 · YTD
Jun 28, 2025 · YTD
Net income
$119.3M
$14.3M
$27.6M
$16.0M
Depreciation of property, plant, and equipment
$24.8M
$12.7M
$37.8M
$25.0M
Amortization of intangible assets
$1.9M
$941.0K
$2.8M
$1.8M
Provision for excess and obsolete inventory, net
$2.7M
$3.1M
$3.9M
$1.9M
Amortization of debt issuance costs
$1.1M
$568.0K
$1.3M
$832.0K
Stock-based compensation expense
$7.4M
$3.7M
$18.7M
$14.9M
Unrealized foreign currency exchange loss (gain), net
$159.0K
$95.0K
($393.0K)
($799.0K)
Provision for doubtful accounts receivable from customers
$318.0K
($1.6M)
$6.9M
$1.2M
Unrealized gain on investments
($1.2M)
($460.0K)
($1.5M)
($474.0K)
Deferred income taxes expense
$3.8M
$3.6M
$879.0K
$3.5M
Other operating items, net
($530.0K)
($547.0K)
—
—
Accounts receivable
$10.5M
($16.6M)
($48.9M)
$54.1M
Finished goods inventories
($37.3M)
$75.0M
($153.6M)
($114.0M)
Prepaid expenses and other assets
($12.1M)
($15.0M)
($25.5M)
($30.2M)
Accounts payable and other liabilities
$81.4M
($73.5M)
($14.9M)
$17.9M
Net cash provided by (used in) operating activities
$202.3M
$6.4M
($136.3M)
($8.3M)
Capital expenditures
($12.8M)
($7.0M)
($42.7M)
($26.5M)
Net cash used in investing activities
($12.8M)
($7.0M)
($42.7M)
($26.5M)
Dividends paid
($18.3M)
($9.2M)
($47.2M)
($38.1M)
Withholdings from vesting of restricted stock
($3.1M)
($3.0M)
($4.5M)
($4.3M)
Other
$0
$0
($370.0K)
($370.0K)
Net cash used in financing activities
($21.4M)
($12.2M)
($52.1M)
($42.8M)
Net effect of exchange rate changes on cash and cash equivalents
($1.6M)
($865.0K)
$2.3M
$3.0M
Net increase (decrease) in cash and cash equivalents