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Carter’s Posts Q1 Sales Surprise as Profits Swing Back to Black

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The federal government’s $1.9 trillion Covid-19 relief package gave Carter’s a significant first-quarter boost, powering a 20 percent sales spike. In a Nutshell: While first quarter fiscal 2020 sales were adversely impacted by the start of the pandemic, which saw state and local governments mandate temporary store closures to curb the rise in infection rates,…

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