Apparel company Carter’s saw its net sales decline in the third quarter of FY23, attributed to warm weather that impacted demand for cool-weather wear.

Third-quarter net sales fell 3.3 per cent year over year to $791.7 million, while net income increased 1.8 per cent to $66.1 million.

“In our US retail segment, our sales trend began to slow in September due largely, we believe, to unseasonably warm weather. This September was the warmest on record, and the higher temperatures weighed on demand for cooler weather product offerings in our stores and online,” said Michael D Casey, chairman and CEO at Carter’s.

“Sales in our International segment were also affected in the latter part of September due to unseasonably warm weather that weighed on demand for cool-weather apparel in Canada.”

For the first three quarters, net sales slid 9.3 per cent to $2.09 billion while net income plunged 25.8 per cent to $126 million.

The company forecasts net sales of $862 million to $877 million for the fourth quarter and $2.95 billion to $2.97 billion for the full year.