Wednesday, March 4, 2026 at 7:32 AM
The car-parts retailer said net sales rose 8.1% to $4.27 billion for its 12 weeks ended Feb.
14. Analysts polled by FactSet had forecast sales of $4.31 billion.
Automakers broadly recorded a sharp drop in sales in February as demand in the world’s largest auto industry waned during the Lunar New Year month.
The retailer expects its strength to continue in the current quarter, which it said is off to a strong start.
Sales revenue at the subsidiary of Volkswagen fell 7%, while unit sales declined 9% to 305,500 vehicles.
Carter’s posted higher fourth-quarter sales with the help of increased traffic and prices, but issued first-quarter earnings guidance below Wall Street’s expectations.
