Children's Clothing Flies Off the Shelves While Adults Slum Around in Sweats

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Investing.com – While most of us grown-ups have been likely wearing the same sweats day after day in quarantine, our kids are still going through outfits like tissues. 

Carter’s Inc (NYSE:CRI) results beat the forecasts, with revenue of $515 million for the second quarter compared to the estimated $490 million and earnings per share of 54 cents compared to the expected loss per share of 38 cents.

Shares of the children’s clothing maker are up almost 5%. The stock has four buy ratings, two holds and no sells, according to analysts tracked by Investing.com. 

The news may bode well for The Gap, which owns Old Navy and competes with Carter’s