US-based company Carter’s saw a 3.3 per cent drop in Q3 FY23 net sales to $791.7 million.
Despite this, operating income rose 2 per cent, and net income increased slightly to $66.1 million.
The operating margin also improved to 11.8 per cent.
For the first three quarters of fiscal 2023, the company’s net sales decreased by 9.3 per cent to $2.09 billion.