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US Apparel Marketer Carters’ April-July Net Profit Rise to $ 71 Million

Carters, a US-based baby apparel marketer, posted a 45% increase to $ 746.4 million in the second quarter, which ended July 3, 2021. This is also better than the pre-pandemic performance. Strong growth in all business segments. The company’s second-quarter net profit increased to $ 71.6 million (second quarter: $ 8.1 million).

“We believe our performance has significantly exceeded our expectations and has been driven by the strength of our product offerings, more effective marketing, lower inventories, and improved pricing.” Carters Chairman and CEO Michael Casey, Said in a press release.

In the second quarter of 2009, the company’s gross profit was $ 368.7 million ($ 235.5 million) and operating profit expanded to $ 107.6 million ($ 20.9 million).

US retail sales surged to $ 423.6 million, accounting for 56.8% of net sales, while US wholesale sales were $ 231.6 million, accounting for 31.0% of net sales. I did. Carter’s overseas sales increased to $ 91.1 million in the second quarter of 2009, which was 12.2% of net sales.

According to the company, factors that are expected to affect business results in the second half of FY2009 include market-leading product lineups, product lineup productivity improvements, inventory management, structural changes during pandemics such as marketing effectiveness, and the government’s There are merits and so on. Stimulation. Carters expects sales to increase by about 15% in 2009.

“We also plan to increase our investment in e-commerce capabilities, technology, brand marketing and employee compensation in the second half of the year. These investments will be in the market, along with the structural improvements we have made in our business over the past year. We believe that we will be able to further strengthen our leadership position and continue to provide the highest value and experience in infant apparel, “Casey concludes.

Fiber2Fashion News Desk (JL)

Carters, a US-based baby apparel marketer, posted a 45% increase to $ 746.4 million in the second quarter, which ended July 3, 2021. This is also better than the pre-pandemic performance. Strong growth in all business segments. The company’s second-quarter net profit increased to $ 71.6 million (second quarter: $ 8.1 million).



US Apparel Marketer Carters’ April-July Net Profit Rise to $ 71 Million

Source link US Apparel Marketer Carters’ April-July Net Profit Rise to $ 71 Million

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