Carter's falls on downbeat forecast, results

Carters

29/07/2022 15:09

** Shares of children's apparel chain Carter's Inc  CRI.N 
down 2.4% at $79.37 in early trading
    ** CRI forecasts annual and Q3 sales below Wall Street
estimates, citing inflation and related impact on consumer
demand  urn:newsml:reuters.com:*:nBw7D0KDMa
    ** Q2 revenue decreased 6.1% to $700.7 mln vs. ests of
$744.3 mln, according to Refinitiv data
    ** "After a strong start to the year, our sales slowed in
the second quarter" - CEO
    ** Stock down ~72% YTD

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))