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Carters Inc (CRI) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 28, 2019

Carters Inc

CIK: 1060822 Ticker: CRI


EXHIBIT 99.1
                                                
carters_logoa01a01a01a01a17.jpg
 
Contact:
 
Sean McHugh
 
Vice President & Treasurer
 
(678) 791-7615

Carters, Inc. Reports Third Quarter Fiscal 2019 Results

Net sales $943 million, growth of 2%
Diluted EPS of $1.34, including non-cash charge of $0.53 related to the impairment of the Skip Hop tradename, compared to $1.53 in Q3 2018; adjusted diluted EPS $1.87, growth of 16%
Returned $215 million to shareholders through share repurchases and dividends in the first three quarters of fiscal 2019
Full year fiscal 2019 outlook: net sales growth of approximately 1.5%; adjusted diluted EPS growth of approximately 4%
ATLANTA, October 24, 2019 - 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 2019 results.
“Our third quarter results include a non-cash charge to recognize the impairment of our Skip Hop tradename,” said Michael D. Casey, Chairman and Chief Executive Officer. “Since its acquisition in 2017, Skip Hop has achieved good growth in sales, but the carrying value of its tradename has been impaired by the loss of its largest customer, Toys “R” Us, which closed last year, lower international demand, and higher product costs driven by tariffs imposed on China imports this year. Excluding the impairment charge, we exceeded our sales and earnings growth objectives in the third quarter. Our growth was driven by our wholesale and retail businesses, and reflects good demand for our fall and holiday product offerings. With fall-like weather arriving in more parts of the United States, we believe we are on track to achieve our 31st consecutive year of sales growth.”
Consolidated Results
Third Quarter of Fiscal 2019 compared to Third Quarter of Fiscal 2018
Net sales increased $19.4 million, or 2.1%, to $943.3 million, primarily driven by growth in the Company’s U.S. Wholesale and U.S. Retail segments. Changes in foreign currency exchange rates in the

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The following information was filed by Carters Inc (CRI) on Thursday, October 24, 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-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:

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Inside this 10-Q Quarterly Report

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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: 0001060822-19-000022
Submitted to the SEC: Thu Oct 24 2019 2:48:00 PM EST
Accepted by the SEC: Fri Oct 25 2019
Period: Saturday, September 28, 2019
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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