Carter’s, Inc. reported a 4.2 per cent YoY decline in Q3 FY24 net sales, reaching $758 million.
Adjusted operating margin dropped to 10.2 per cent, and diluted EPS was $1.62, down from $1.78 in Q3 FY23.
For FY24, the company projects net sales of $2.785-$2.825 billion and $240-$260 million in adjusted operating income, citing strong product and pricing strategies.