- Prachi Singh |
Carter's reported its net profit for Q2 surged on Thursday. Revenues surged by 5 percent from the same period last year.
The company's net profit for Q2 was 43.9 million dollars, climbed from 37.3 million dollars a year earlier. Revenues increased to 734 million dollars.
Carter's, Inc. (NYSE: CRI) also known as the William Carter Company, is a major American manufacturer and retailer of mid-priced children's apparel and products. It was founded in 1865 by William Carter. In 2005 Carters acquired OshKosh B'Gosh. Carter’s Inc. brands also include: Child of Mine, Just One You, and Genuine Kids. Currently the company operates over 600 Carter’s and OshKosh B’gosh retail stores and outlets in the United States.
As of 2019, Carter's has more than 21,000 employees and operates over 1,000 stores.