Carter's (CRI) Q1 Earnings Improve Y/Y, Sales Decline 4.9%

Carter's, Inc. (CRI) came up with its first-quarter 2024 results, wherein the top line beat the Zacks Consensus Estimate but declined year over year. Nonetheless, the bottom line improved from the year-ago period.The company experienced higher and earlier-than-expected demand from its largest wholesale customers, attributed to leaner retailer inventories and a need for new seasonal products.However, cooler weather across many parts of the United States dampened the demand for Carter's Spring product offerin ...