Carter’s Inc: Initiation Of Coverage – These Are The 3 Biggest Challenges In Its Path!

Carter’s Inc. presented its second quarter fiscal 2024 earnings with mixed outcomes, reflecting both strengths
and challenges in its operational and financial performance. The company reported that earnings were
significantly higher than anticipated due to a record gross profit margin, although sales showed a decline of 5%
for the first half of the year. The lower sales figures were attributed primarily to underperformance in the U.S.
Retail and International segments. Despite this, Carter’s managed to curb spending effectively, resulting in
growth in operating income for the quarter.