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Carters Inc (CRI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Carters Inc

CIK: 1060822 Ticker: CRI


Exhibit 99.1
carters_logoa10.jpg


 
 
 
Contact:
 
Sean McHugh
 
Vice President & Treasurer
 
(678) 791-7615

Carters, Inc. Reports Fourth Quarter and Fiscal 2016 Results

Fourth quarter fiscal 2016 results
Net sales $934 million, growth of 8%
Diluted EPS $1.76, growth of 27%; adjusted diluted EPS $1.79, growth of 28%
Full year fiscal 2016 performance
Net sales $3.2 billion, growth of 6%
Diluted EPS $5.08, growth of 13%; adjusted diluted EPS $5.14, growth of 11%
Returned $367 million to shareholders through share repurchases and dividends in 2016
Board of Directors authorizes 12% increase to quarterly dividend to $0.37 per share
Full year fiscal 2017 outlook: net sales growth of 4% to 6%; adjusted EPS growth of 8% to 10%

ATLANTA, February 23, 2017 -- Carter’s, Inc. (NYSE:CRI), the largest branded marketer in the United States and Canada of apparel exclusively for babies and young children, today reported its
fourth quarter and fiscal 2016 results.
“The fourth quarter represented a strong finish to another record year of sales and profitability for Carter’s,” said Michael D. Casey, Chairman and Chief Executive Officer. “Our focus on providing the best value and experience in young children's apparel, extending the reach of our brands, and improving profitability enabled us to achieve our 28th consecutive year of sales growth, improve our profit margins, and increase the return of capital to shareholders. We are forecasting good growth in sales and earnings in 2017 as we strive to be the world's favorite brands in young children’s apparel.”
(Carter’s, Inc. today also issued a separate news release announcing the acquisition of Skip Hop Holdings, Inc., a leading global lifestyle brand for families with young children.)
Consolidated Results
Fourth Quarter of Fiscal 2016 compared to Fourth Quarter of Fiscal 2015
Consolidated net sales increased $67.7 million, or 7.8%, to $934.2 million.  This increase reflects sales growth in nearly every business segment.

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The following information was filed by Carters Inc (CRI) on Thursday, February 23, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Carters Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Operations
Accumulated Other Comprehensive (loss) Income
Accumulated Other Comprehensive (loss) Income (details)
Accumulated Other Comprehensive (loss) Income (tables)
Acquisition Of Bonnie Togs
Acquisition Of Bonnie Togs (contingent Consideration) (details)
Acquisition Of Bonnie Togs (details)
Acquisition Of Bonnie Togs (tables)
Commitments And Contingencies
Common Stock
Common Stock (dividends) (details)
Common Stock (share Repurchases) (details)
Common Stock (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Employee Benefit Plans
Employee Benefit Plans (assumptions) (details)
Employee Benefit Plans (benefit Obligation And Plan Assets) (details)
Employee Benefit Plans (defined Benefit Plans Narratives) (details)
Employee Benefit Plans (defined Contribution Plans) (details)
Employee Benefit Plans (expected Benefit Payments) (details)
Employee Benefit Plans (net Periodic (benefit) Cost) (details)
Employee Benefit Plans (plan Assets) (details)
Employee Benefit Plans (tables)
Fair Value Measurements
Fair Value Measurements (assets And Liabilities Measured On Recurring Basis) (details)
Fair Value Measurements (borrowings) (details)
Fair Value Measurements (tables)
Fair Value Measurements (unobservable Inputs) (details)
Fair Value Measurements Foreign Currency Contracts (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Guarantor Condensed Consolidating Financial Statements
Guarantor Condensed Consolidating Financial Statements (balance Sheets) (details)
Guarantor Condensed Consolidating Financial Statements (cash Flows) (details)
Guarantor Condensed Consolidating Financial Statements (comprehensive Income) (details)
Guarantor Condensed Consolidating Financial Statements (income Statement) (details)
Guarantor Condensed Consolidating Financial Statements (tables)
Income Taxes
Income Taxes (deferred Taxes) (details)
Income Taxes (effective Rate Reconciliation) (details)
Income Taxes (income Before Income Taxes) (details)
Income Taxes (provision For Income Taxes) (details)
Income Taxes (tables)
Income Taxes (uncertain Tax Provisions) (details)
Lease Commitments
Lease Commitments (details)
Lease Commitments (tables)
Long-term Debt
Long-term Debt (schedule Of Long Term Debt) (details)
Long-term Debt (secured Revolving Credit Facility) (details)
Long-term Debt (senior Notes) (details)
Long-term Debt (tables)
Other Current And Long-term Liabilities
Other Current And Long-term Liabilities (other Current Liabilities) (details)
Other Current And Long-term Liabilities (other Long-term Liabilities) (details)
Other Current And Long-term Liabilities (tables)
Property, Plant, And Equipment
Property, Plant, And Equipment (details)
Property, Plant, And Equipment (tables)
Segment Information
Segment Information (long-lived Assets) (details)
Segment Information (net Inventory) (details)
Segment Information (reportable Segments) (details)
Segment Information (revenue) (details)
Segment Information (tables)
Segment Information Net Sales (details)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (non-management Board Directors) (details)
Stock-based Compensation (restricted Stock Activity) (details)
Stock-based Compensation (stock Option Activity) (details)
Stock-based Compensation (stock-based Compensation By Award Type) (details)
Stock-based Compensation (tables)
Stock-based Compensation (weighted-average Assumptions) (details)
Subsequent Events (details)
Subsequent Events (notes)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accounting For Shipping And Handling Fees And Costs) (details)
Summary Of Significant Accounting Policies (accounts Receivable) (details)
Summary Of Significant Accounting Policies (intangible Assets) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (property, Plant, And Equipment) (details)
Summary Of Significant Accounting Policies (recent Accounting Pronouncements) (details)
Summary Of Significant Accounting Policies (revenue Recognition) (details)
Summary Of Significant Accounting Policies (supplemental Cash Flow Information) (details)
Summary Of Significant Accounting Policies (tables)
The Company
The Company (details)
Unaudited Quarterly Financial Data
Unaudited Quarterly Financial Data (details)
Unaudited Quarterly Financial Data (tables)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (details)
Valuation And Qualifying Accounts (tables)
Ticker: CRI
CIK: 1060822
Form Type: 10-K Annual Report
Accession Number: 0001060822-17-000008
Submitted to the SEC: Thu Feb 23 2017 4:45:47 PM EST
Accepted by the SEC: Thu Feb 23 2017
Period: Saturday, December 31, 2016
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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