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Carters Inc (CRI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 28, 2019

Carters Inc

CIK: 1060822 Ticker: CRI


Exhibit 99.1
carters_logoa16.jpg


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

Carters, Inc. Reports Fourth Quarter and Fiscal 2019 Results

Fourth quarter fiscal 2019 results
Net sales $1.1 billion, growth of 1.3%
Diluted EPS $2.82; adjusted diluted EPS $2.81, decline of 1.1%
Full year fiscal 2019 results
Net sales $3.5 billion, growth of 1.6%
Diluted EPS $5.85; adjusted diluted EPS $6.46, growth of 2.7%
Returned $287 million to shareholders through share repurchases and dividends in fiscal 2019
Board of Directors authorizes new $500 million share repurchase program and 20% increase in quarterly dividend to $0.60 per share
Full year fiscal 2020 outlook: net sales growth of 2% to 3%; adjusted diluted EPS growth of 4% to 6%
ATLANTA, February 24, 2020 -- 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 2019 results.
“We achieved our fourth quarter sales objective with growth driven by our retail and international businesses,” said Michael D. Casey, Chairman and Chief Executive Officer. “During the November and December holiday period, we saw good demand for our brands with comparable retail sales up over 2%. Profitability in the quarter was lower than last year, and reflects continued investments in our business and higher inventory-related costs.
“For the year, Carter’s is reporting a record level of sales, earnings and cash flow, and its 31st consecutive year of sales growth. In 2019, Carter’s strengthened its leading share of the $27 billion U.S. young children’s apparel market. Our growth was driven by the success of our exclusive brands designed for the largest retailers of young children’s apparel in North America, and stronger omni-channel capabilities in our direct-to-consumer business.
“In 2020, we are forecasting good growth in sales and profitability enabled by the strength of our brands and extensive market distribution capabilities throughout the world.”


1

The following information was filed by Carters Inc (CRI) on Monday, February 24, 2020 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 (Accelerated Share Repurchase Program) (Details)
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 Borrowings (Details)
Fair Value Measurements Foreign Currency Contracts (Details)
Fair Value Measurements Goodwill And Intangible Assets (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Details)
Goodwill And Other Intangible Assets (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)
Leases (Details)
Leases (Notes)
Leases (Tables)
Leases Operating Lease Term Of Contract (Details)
Leases Supplementary Cash Flow And Other Additional Lease Information (Details)
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)
Revenue Recognition Wholesale Account Receivables Reserves (Tables)
Revenue Recognition Wholesale Accounts Receivable Reserves (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 (Intangible Assets) (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 Cash And Cash Equivalents (Details)
Summary Of Significant Accounting Policies Income Taxes (Details)
The Company
Unaudited Quarterly Financial Data
Unaudited Quarterly Financial Data (Details)
Unaudited Quarterly Financial Data (Tables)
Ticker: CRI
CIK: 1060822
Form Type: 10-K Annual Report
Accession Number: 0001060822-20-000004
Submitted to the SEC: Mon Feb 24 2020 4:52:05 PM EST
Accepted by the SEC: Mon Feb 24 2020
Period: Saturday, December 28, 2019
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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