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Carters Inc (CRI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 29, 2018

Carters Inc

CIK: 1060822 Ticker: CRI


Exhibit 99.1
carters_logoa14.jpg


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

Carters, Inc. Reports Fourth Quarter and Fiscal 2018 Results

Fourth quarter fiscal 2018 results
Net sales $1.1 billion, growth of 6%
Diluted EPS $2.83; adjusted diluted EPS $2.84, growth of 22%
Full year fiscal 2018 results
Net sales $3.5 billion, growth of 2%
Diluted EPS $6.00; adjusted diluted EPS $6.29, growth of 9%
Returned $277 million to shareholders through share repurchases and dividends in fiscal 2018
Board of Directors authorizes 11% increase in quarterly dividend to $0.50 per share
Full year fiscal 2019 outlook: net sales growth of 1% to 2%; adjusted diluted EPS growth of 4% to 6%

ATLANTA, February 25, 2019 -- 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 2018 results.
“We saw good demand for our brands in the final months of 2018, with growth driven by our retail and wholesale businesses,” said Michael D. Casey, Chairman and Chief Executive Officer. “In the fourth quarter, our retail sales in the United States grew 7% reflecting, we believe, the strength of our brands and less discretionary nature of young children’s apparel purchases.
“For the year, Carter’s achieved its 30th consecutive year of sales growth, and a record level of profitability enabled by the significant benefits from the Tax Cuts and Jobs Act of 2017.
“We believe Carter’s is well-positioned to achieve good growth in sales and earnings in the years ahead. Carter’s is the market leader in young children’s apparel in North America, and we are extending the reach of our brands throughout the world through eCommerce capabilities and strategic relationships.
“Given our strong balance sheet and cash flow, we plan to continue investing in strategies which we believe will enable us to outperform market trends and deliver attractive returns to shareholders.”


1

The following information was filed by Carters Inc (CRI) on Monday, February 25, 2019 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)
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)
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition (Tables)
Revenue Recognition Change In Contract With Customer, Asset And Liability (Details)
Revenue Recognition Disaggregation Of Revenue (Details)
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)
The Company
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: 0001060822-19-000004
Submitted to the SEC: Mon Feb 25 2019 4:47:56 PM EST
Accepted by the SEC: Mon Feb 25 2019
Period: Saturday, December 29, 2018
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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