Amount Increase % Increase Carter's Inc. 12/31/2022 1/1/2022 |(Decrease) | (Decrease) Horizontal Analysis of Income Statement $ in 000's $ in 000's $ in 000's % Revenues $3,212,733 $3,486,440 |$(273,707) 7.9% Gross profit $1,472,358 $1,662,274 $(189,916) -11.4% Operating income $ 379,171 $ 497,079 $(117,908) -23.7% Net income $ 250,038 $ 339,748 $ (89,710) -26.4% Carter's Inc. 12/31/2022 1/1/2022 1/2/2021 Vertical Analysis (Common Size) of Income Statement Items % % % Revenues 100.0% 100.0% 100.0% Gross profit 45.8% 47.7% 43.4% Operating income 11.8% 14.3% 6.3% Net income