Carter’s-Carter's (CRI) Q2 Earnings Beat, Retail Comps Down 11.7%

Margins Adjusted operating income grew 4% year over year to $39.5 million. The adjusted operating margin increased 70 bps to 7%. As part of the fleet-optimization strategy, the company has opened 10 net stores, primarily focused on mall locations and smaller markets. Management remains committed to testing new store models to boost the store openings. This Zacks Rank #3 (Hold) player ended the second quarter with cash and cash equivalents of$ 316.6 million, long-term debt of $497.7 million and shareholders' ...