Carter’s, Inc.Reports Second Quarter Fiscal 2024 Results Amid Challenging Market Conditions
ATLANTA, July 30, 2024 - Carter’s, Inc.(NYSE:CRI), the leading marketer of apparel for babies and young children in North America, announced its second quarter fiscal 2024 results today.Despite a slow start to the quarter due to factors such as the early Easter holiday and delayed warm weather, the company was able to meet its sales and earnings objectives.
We achieved our second quarter sales and earnings objectives, said Michael D.Casey, Chairman and Chief Executive Officer of Carter’s, Inc.Sales trends improved as the quarter progressed, following a sluggish start in April.However, the company faced challenges in the market, as evidenced by a decline in CRI shares by -2.13% following the announcement of the results.This brings the year-to-date performance to -20.69%, with CRI shares hitting a 52-week low.
Despite these challenges, Carter’s, Inc.remains optimistic about its future prospects.The company is committed to adapting to changing market conditions and continuing to provide high-quality apparel for its target demographic.
In this rapidly evolving market landscape, Carter’s, Inc.is focused on delivering value to its shareholders and customers.As the company navigates through these challenging times, it remains dedicated to its mission of providing stylish and affordable clothing for babies and young children.
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