Last10K.com

Carters Inc (CRI) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 26, 2020

Carters Inc

HISTORY TOOLS
CIK: 1060822 Ticker: CRI


EXHIBIT 99.1
                                                
carters_logoa01a01a01a01a19.jpg
 
Contact:
 
Sean McHugh
 
Vice President & Treasurer
 
sean.mchugh@carters.com

Carter’s, Inc. Reports Third Quarter Fiscal 2020 Results
•
Third quarter results show progress recovering from market disruption
•
Net sales $865 million, decline of 8%
•
U.S. Retail comparable sales down 3.5%, including 17% increase in eCommerce sales
•
Sales of exclusive brands to Target, Walmart and Amazon grew 10%
•
Operating income $114 million, growth of 35%; adjusted operating income $120 million, growth of 4%
•
Diluted EPS $1.85, growth of 38%; adjusted diluted EPS $1.96, growth of 5%
•
$1.6 billion in liquidity at quarter end
ATLANTA, October 23, 2020 - 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 2020 results.
“We exceeded our sales and earnings goals in the third quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “The quarter got off to a strong start with our Fourth of July holiday retail sales up 7%. We saw less robust demand in August during the back-to-school shopping period with many children beginning their school year at home and learning virtually. We had the strongest level of demand in September with our Labor Day holiday retail sales up 15%, our best performance in three years.
“Earnings in the quarter were driven by the strength of our product offerings, more effective brand marketing, fewer promotions, curtailed spending and growth in eCommerce sales. eCommerce continues to be our fastest growing and highest margin business.
“We believe our third quarter performance reflects the strength of our brands, our strong value proposition, broad market distribution and the less discretionary nature of children’s apparel.
“As we enter the final weeks of the year, consumer demand is less predictable this holiday season given the lingering effects and, in some markets, resurgence of the coronavirus. That said, we believe we are

1
The following information was filed by Carters Inc (CRI) on Friday, October 23, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Carters Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Carters Inc.

Continue

Assess how Carters Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Carters Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
M & A
Other
Filter by Subcategory:
All
Cash Flow
Product
Earnings
Income
Geography
Expense
Debt
Other
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 (Loss)
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)
Basis Of Presentation Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies Commitment Reserves (Details)
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 (Goodwill And Intangible Assets) (Details)
Fair Value Measurements Fair Value Measurements (Borrowings) (Details)
Fair Value Measurements Fair Value Measurements (Investments) (Details)
Fair Value Measurements Impairment Of Long-Lived Tangible Assets (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets Carrying Value Of Intangible Assets (Details)
Goodwill And Intangible Assets Estimated Amortization Expense (Details)
Goodwill And Intangible Assets Goodwill By Segment (Details)
Goodwill And Intangible Assets Narrative (Details)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases Lease Cost And Supplementary Information (Details)
Leases Lease Maturity (Details)
Leases Operating Lease Term Of Contract And Additional Information (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 (Tables)
Restructuring
Restructuring (Tables)
Restructuring Charges (Details)
Restructuring Reserve (Details)
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition (Tables)
Revenue Recognition Contract Liabilities (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Segment Information Segment Charges (Details)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
The Company

Material Contracts, Statements, Certifications & more

Carters Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.0: Section 1350 Certification
Ticker: CRI
CIK: 1060822
Form Type: 10-Q Quarterly Report
Accession Number: 0001060822-20-000019
Submitted to the SEC: Fri Oct 23 2020 3:07:18 PM EST
Accepted by the SEC: Fri Oct 23 2020
Period: Saturday, September 26, 2020
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cri/0001060822-20-000019.htm