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Carters Inc (CRI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, January 2, 2021

Carters Inc

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CIK: 1060822 Ticker: CRI

                                                Exhibit 99.1
carters_logoa161.jpg
Contact:
Sean McHugh
 Vice President & Treasurer
 (678) 791-7615

Carter’s, Inc. Reports Fourth Quarter and Fiscal 2020 Results
•Fourth quarter fiscal 2020 results
◦Net sales $990 million, decline of 10%
◦U.S. eCommerce comparable sales increased 16%
◦U.S. sales of exclusive brands to Target, Walmart and Amazon grew 13%
◦Operating margin 13.5%, decline of 130 basis points; adjusted operating margin 14.7%, comparable to prior year
◦Diluted EPS $2.26, decline of 20%; adjusted diluted EPS $2.46, decline of 12%
•Full year fiscal 2020 results
◦Net sales $3.0 billion, decline of 14%
◦Diluted EPS $2.50, decline of 57%; adjusted diluted EPS $4.16, decline of 36%
◦Record operating cash flow of $590 million
•$1.8 billion in total liquidity at year end
•Full year fiscal 2021 outlook: net sales growth of approximately 5%; adjusted diluted EPS growth of approximately 10%
ATLANTA, February 26, 2021 -- 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 2020 results.
“Despite the ongoing pandemic-related challenges, we achieved our sales and earnings objectives in the fourth quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “The strength and growth of our eCommerce capabilities and exclusive brands sold through Amazon, Target and Walmart helped to mitigate the impact of lower traffic to our stores and demand from international customers.
“Since the market disruption began last March, we have focused on profitability and cash flow. As a result, we achieved a record gross profit margin in the fourth quarter through exceptional inventory management, more effective promotions, and improved price realization. Our progress with these
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The following information was filed by Carters Inc (CRI) on Friday, February 26, 2021 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)
Commitments And Contingencies
Commitments And Contingencies (Inventory Purchase Commitments) (Details)
Common Stock
Common Stock ( Total Authorizations And Share Repurchases) (Details)
Common Stock (Details)
Common Stock (Dividends) (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
Leases (Expense) (Details)
Leases (Maturities Of Lease Liabilities) (Details)
Leases (Operating Lease Term Of Contract And Other) (Details)
Leases (Supplemental Balance Sheet Information) (Details)
Leases (Tables)
Long-Term Debt
Long-Term Debt (Schedule) (Details)
Long-Term Debt (Secured Revolving Credit Facility) (Details)
Long-Term Debt (Senior Notes) (Details)
Long-Term Debt (Tables)
Long-Term Debt (Terms Of The Secured Revolving Credit Facility ) (Details)
Long-Term Debt Redemption Schedule (Details)
Other Current Liabilities
Other Current Liabilities (Details)
Other Current Liabilities (Tables)
Property, Plant, And Equipment
Property, Plant, And Equipment (Details)
Property, Plant, And Equipment (Tables)
Restructuring
Restructuring (Details)
Restructuring (Tables)
Restructuring Charges (Details)
Revenue Recognition
Revenue Recognition (Contract Assets And Liabilities) (Details)
Revenue Recognition (Tables)
Revenue Recognition Disaggregation Of Revenue (Details)
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 (Accounts Receivable) (Details)
Summary Of Significant Accounting Policies (Costs Of Goods Sold And Selling, General And Administrative Expenses) (Details)
Summary Of Significant Accounting Policies (Covid-19) (Details)
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Goodwill And Other Intangible Assets ) (Details)
Summary Of Significant Accounting Policies (Internal-Use Software ) (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)
The Company
Ticker: CRI
CIK: 1060822
Form Type: 10-K Annual Report
Accession Number: 0001060822-21-000006
Submitted to the SEC: Fri Feb 26 2021 12:28:08 PM EST
Accepted by the SEC: Fri Feb 26 2021
Period: Saturday, January 2, 2021
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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