Carter’s Inc has reported net sales of $2.84 billion in FY24, down 3.4 per cent YoY, with an operating margin of 9.0 per cent.
US retail and international sales declined, while wholesale grew 0.7 per cent.
Net income fell 20.2 per cent, and diluted EPS dropped to $5.12.
The company expects FY25 sales of $2.78–$2.855 billion, with earnings weighted towards the second half.