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Inflation & weak demand hit US’ Carter’s Q1 FY25 performance
Carter’s has reported Q1 FY25 net sales of $630 million, down 4.8 per cent YoY, impacted by inflation, interest rates, and weak consumer confidence. Operating income fell 52.6 per cent, and net income dropped to $15.5 million. Carter’s suspended forward guidance due to leadership changes and tariff uncertainties. CEO expressed confidence in the brand’s long-term growth potential.
Carter’s has reported Q1 FY25 net sales of $630 million, down 4.8 per cent YoY, impacted by inflation, interest rates, and weak consumer confidence.
Operating income fell 52.6 per cent, and net income dropped to $15.5 million.
Carter’s suspended forward guidance due to leadership changes and tariff uncertainties.
CEO expressed confidence in the brand’s long-term growth potential.
