Carter's Swings Back to Growth on Seasonal Demand
Carter's (NYSE: CRI) announced second-quarter 2019 results early Thursday, reflecting strong domestic demand for its spring and summer children's clothing lines. Notably, the kids' apparel specialist swung back to revenue and earnings growth as it distances itself from the painful bankruptcies of Toys R Us and Bon-Ton.
But Carter's also "merely" reaffirmed its full-year outlook despite its relative outperformance to end the first half. Let's take a closer look at what the company had to say, as well as what investors should be watching in the coming months.
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