Carter’s posts Q1 net loss of 78.7 million dollars
Carter’s, Inc., for its first quarter reported net sales decrease of 86.6 million dollars or 11.7 percent to 654.5 million dollars, reflecting store closures in North America and lower wholesale customer demand as a result of the Covid-19 pandemic. The company posted an operating loss of 78.5 million dollars compared to operating income of 60.8...
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