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Carters Inc (CRI) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 29, 2018

Carters Inc

CIK: 1060822 Ticker: CRI


EXHIBIT 99.1
                                                
carters_logoa01a01a01a01a14.jpg
 
Contact:
 
Sean McHugh
 
Vice President & Treasurer
 
(678) 791-7615

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

1

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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Inside Carters Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Changes In Stockholders' Equity
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Basis Of Presentation
Basis Of Presentation (Policies)
Business Acquisitions In Fiscal 2017
Business Acquisitions In Fiscal 2017 (Acquisition Of Mexican Licensee) (Details)
Business Acquisitions In Fiscal 2017 (Skip Hop Acquisition) (Details)
Commitments And Contingencies
Common Stock
Common Stock (Share Repurchases) (Details)
Common Stock (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements Fair Value Measurements (Borrowings) (Details)
Fair Value Measurements Fair Value Measurements (Contingent Consideration) (Details)
Fair Value Measurements Fair Value Measurements (Hierarchy) (Details)
Fair Value Measurements Fair Value Measurements (Investments) (Details)
Fair Value Measurements Fair Value Measurements (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Details)
Goodwill And Intangible Assets (Tables)
Guarantor Unaudited Condensed Consolidating Financial Statements
Guarantor Unaudited Condensed Consolidating Financial Statements (Balance Sheets) (Details)
Guarantor Unaudited Condensed Consolidating Financial Statements (Cash Flows) (Details)
Guarantor Unaudited Condensed Consolidating Financial Statements (Comprehensive Income) (Details)
Guarantor Unaudited Condensed Consolidating Financial Statements (Income Statement) (Details)
Guarantor Unaudited Condensed Consolidating Financial Statements (Tables)
Income Taxes
Income Taxes (Details)
Long-Term Debt
Long-Term Debt (Details)
Long-Term Debt (Schedule Of Long Term Debt) (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)
Pending Adoption Of Recent Accounting Pronouncements
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition (Tables)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
The Company
The Company (Details)

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Carters Inc provided additional information to their SEC Filing as exhibits

Ticker: CRI
CIK: 1060822
Form Type: 10-Q Quarterly Report
Accession Number: 0001060822-18-000026
Submitted to the SEC: Thu Oct 25 2018 1:08:55 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Saturday, September 29, 2018
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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