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Carters Inc (CRI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 30, 2017

Carters Inc

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CIK: 1060822 Ticker: CRI


Exhibit 99.1
carters_logoa12.jpg


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

Carter’s, Inc. Reports Fourth Quarter and Fiscal 2017 Results

•
Fourth quarter fiscal 2017 results
◦
Net sales $1.03 billion, growth of 10%
◦
Diluted EPS $2.84, growth of 62%; adjusted diluted EPS $2.32, growth of 30%
•
Full year fiscal 2017 results
◦
Net sales $3.4 billion, growth of 6%
◦
Diluted EPS $6.24, growth of 23%; adjusted diluted EPS $5.76, growth of 12%
•
Significant 2017 benefits from the Tax Cuts and Jobs Act to be shared with employees through cash bonuses and enhanced retirement plan contributions
•
Board of Directors authorizes new $500 million share repurchase program and 22% increase in quarterly dividend to $0.45 per share
•
Full year fiscal 2018 outlook: net sales growth of 5%; adjusted EPS growth of 15%

ATLANTA, February 27, 2018 -- Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, today reported its
fourth quarter and fiscal 2017 results.
“We saw strong demand in all channels of distribution in the fourth quarter, and are reporting another year of record sales and earnings,” said Michael D. Casey, Chairman and Chief Executive Officer.  “In 2017, we achieved our 29th consecutive year of sales growth, strengthened our business with the acquisitions of Skip Hop and our largest international licensee based in Mexico, and returned $260 million to shareholders through dividends and share repurchases.
“The Tax Cuts and Jobs Act of 2017 is expected to have a significant and positive impact on our Company’s future earnings, cash flow, and ability to invest in its growth strategies. In 2018, we plan to reinvest approximately half of the $40 million benefit from the lower corporate tax rate in brand marketing and improved eCommerce capabilities.
“Given the significant and unexpected benefit in 2017 of the historic tax reform legislation, we are also announcing today that our Board of Directors has approved $20 million in special compensation awards to all of our Company’s eligible full-time and part-time employees provided through enhanced retirement plan contributions and bonuses.

1
The following information was filed by Carters Inc (CRI) on Tuesday, February 27, 2018 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)
Business Acquisitions (acquisition Of Mexican Licensee) (details)
Business Acquisitions (notes)
Business Acquisitions (skip Hop Acquisition) (details)
Business Acquisitions (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 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 (narrative) (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 (net Sales) (details)
Segment Information (reportable Segments) (details)
Segment Information (revenue) (details)
Segment Information (tables)
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)
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 (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: 0001060822-18-000006
Submitted to the SEC: Tue Feb 27 2018 5:29:46 PM EST
Accepted by the SEC: Tue Feb 27 2018
Period: Saturday, December 30, 2017
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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