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Carters Inc (CRI) SEC Filing 10-Q Quarterly Report for the period ending Saturday, April 3, 2021

Carters Inc

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CIK: 1060822 Ticker: CRI

                                                EXHIBIT 99.1
                                                
carters_logoa01a01a01a01a1.jpg
Contact:
Sean McHugh
Vice President & Treasurer
 (678) 791-7615

Carter’s, Inc. Reports First Quarter Fiscal 2021 Results
•Net sales $787 million, growth of 20%
◦Double-digit growth in all business segments
◦Strong online demand - U.S. eCommerce net sales increased 38%
◦Net sales in March grew 59%
•Strong improvement in profitability
◦Operating margin 16.2%; adjusted operating margin 16.3%
◦Diluted EPS $1.96 vs. loss per diluted share of $1.82 last year
◦Adjusted diluted EPS $1.98 vs. adjusted loss per diluted share of $0.81 last year
•Company raises full year fiscal 2021 outlook
◦Net sales growth of approximately 10%
◦Adjusted diluted EPS growth of approximately 40%
•$1.8 billion in total liquidity at quarter end
•Board of Directors authorizes resumption of quarterly dividend at $0.40 per share
ATLANTA, April 30, 2021 - Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, today reported its first quarter fiscal 2021 results.
“Our first quarter sales and earnings meaningfully exceeded our expectations, with growth in each of our retail, wholesale, and international business segments,” said Michael D. Casey, Chairman and Chief Executive Officer. “We saw demand for our brands surge in March driven by the strength of our Spring product offerings, unprecedented government stimulus supporting families with young children, and progress with vaccinations enabling more children to return to school.
“In the first quarter, we achieved a record gross profit margin and our best operating profit margin in over a decade. This performance reflects our focus on more effective promotions, inventory management, improved price realization, and productivity.
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The following information was filed by Carters Inc (CRI) on Friday, April 30, 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-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
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)
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Common Stock - Schedule (Details)
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Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Schedule Of Lease Expense (Details)
Leases - Supplemental Balance Sheet Information (Details)
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Organizational Restructuring And Office Consolidation
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Revenue Recognition
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The Company

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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: 0001060822-21-000010
Submitted to the SEC: Fri Apr 30 2021 11:58:49 AM EST
Accepted by the SEC: Fri Apr 30 2021
Period: Saturday, April 3, 2021
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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