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Carter’s Net Sales Drop Nearly 30%, But Remains Profitable Despite COVID-19

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Carter’s saw net sales decrease nearly 30 percent to $514.9 million in the second quarter, with the declines driven by the closure of the retailer’s 1,100 stores during April and May. But both total revenue and adjusted earnings, which came in at 54 cents per share, outperformed Wall Street expectations, which called for sales of…

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