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

Carters Inc

CIK: 1060822 Ticker: CRI


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

Carters, 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

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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.

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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
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Condensed Consolidated Statements Of Cash Flows
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Fair Value Measurements Fair Value Measurements (Borrowings) (Details)
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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)
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Leases Lease Cost And Supplementary Information (Details)
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Long-Term Debt
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Long-Term Debt (Schedule Of Long Term Debt) (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: 0001060822-20-000019
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

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