CRI Latest Report

Financial Performance

Based on the provided financial data, Carter (CRI) recorded an operating revenue of RMB859,712,000 (approximately USD8,597.12 million) as of December 28, 2024. Compared to the same period in 2023, the operating revenue showed a decline, indicating pressure on the company's market performance. The change in operating revenue directly reflects the company's market performance and sales capacity, making it crucial to analyze the reasons for the change.

Key Financial Data

1. The operating revenue on December 28, 2023 was USD758 million, a year-on-year decrease of 4.29%.

2. The net sales in the second quarter of 2024 were USD564 million, lower than the USD600 million in the same period in 2023.

3. Despite the decline in net sales, Carter saw an improvement in consumer confidence in early 2024, which may have a positive impact on sales.

4. The gross margin reached a new high, reflecting strong product supply and cost reduction, which may have a positive impact on market demand.

5. Carter's and OshKosh B'gosh, the company's main brands, enjoy high recognition and trust in the market.

Industry Comparison

1. Overall industry analysis: Carter's industry faced a weakening overall market demand in 2024, with a year-on-year decrease in net sales, indicating pressure on the consumer environment. If the overall industry operating revenue grew, it could be due to an increase in market demand or industry growth trends, but the overall industry situation is not optimistic at the moment.

2. Peer evaluation analysis: Carter's operating revenue decline was greater than the industry average, indicating poor market performance in the same industry, possibly facing greater market challenges.

Summary

Through this analysis, Carter's operating revenue decreased year-on-year in 2024, reflecting the impact on the company's competitiveness in the market, especially in the context of weakening overall market demand. Although there are some positive factors such as the improvement in consumer confidence and the increase in gross margin, the company's sales performance still needs attention.

Opportunities

1. With the recovery of consumer confidence, Carter is expected to achieve better sales performance in the future market.

2. If the company can effectively launch new products and strengthen marketing, it may attract more new customers.

3. The trend of economic recovery may increase household consumption expenditure, driving revenue growth.

Risks

1. Intensified competition may lead to further loss of market share.

2. Inflation continues to affect consumer spending, which may suppress sales growth.

3. The weakening of overall industry demand may affect the company's long-term growth prospects.