Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

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

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

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…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!