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Carters, Inc. Reports Third Quarter Fiscal 2018 Results

Net sales $924 million
Diluted EPS $1.53; adjusted diluted EPS $1.61
Returned $209 million to shareholders through share repurchases and dividends in the first three quarters of fiscal 2018
Q4 fiscal 2018 outlook: net sales growth of approximately 5%; adjusted diluted EPS growth of approximately 10%
ATLANTA, October 25, 2018 - Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, today reported its third quarter fiscal 2018 results.
“We did not achieve our growth objectives in the third quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “We saw less robust demand than expected for our fall transitional product offerings, especially during the Labor Day holiday shopping period. In the latter part of September, as cooler weather arrived in more parts of the United States, sales trends improved meaningfully and were more in line with our expectations. Given the improved trend in sales, together with the strength of our fall and holiday product offerings, we are expecting good growth in sales and earnings in the fourth quarter.”
Consolidated Results
Third Quarter of Fiscal 2018 compared to Third Quarter of Fiscal 2017
Net sales decreased $24.1 million, or 2.5%, to $923.9 million, principally driven by a net sales decline in the Company’s U.S. Wholesale segment, reflecting loss of sales to Toys “R” Us and Bon-Ton1, partially offset by growth in the U.S. Retail and International segments. Changes in foreign currency exchange rates in the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017 adversely affected


The following information was filed by Carters Inc (CRI) on Thursday, October 25, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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