Carter's Q1 net sales decline, confirms outlook for 2019

Carter’s, Inc., for its first quarter said net sales decreased 14.7 million dollars or 1.9 percent to 741.1 million dollars, driven by declines in the company’s US retail and US wholesale segments and changes in foreign currency exchange rates adversely affected consolidated net sales by 3 million dollars or 0.4 percent. On a constant currency basis, consolidated net sales decreased 1.5 percent in the first quarter of fiscal 2019.