American firm Carter’s net sales at $661.5 mn in Q1 FY24

Carter’s Q1 FY24 sales dropped 4.9 per cent to $661.5 million, with declines across all segments.
Operating income fell slightly to $55 million, though the operating margin improved to 8.3 per cent.
Net income rose to $38 million, with earnings per share increasing from $0.95 to $1.04.
Adjusted net income also increased by $1.2 million to $38 million.

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