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

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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