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

Carters Inc

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CIK: 1060822 Ticker: CRI

                                                EXHIBIT 99.1
                                                
carters_logoa01a01a01a01a19a.jpg
Contact:
Sean McHugh
Vice President & Treasurer
 (678) 791-7615

Carter’s, Inc. Reports Second Quarter Fiscal 2021 Results

•Net sales $746 million, growth of 45%
◦Strong growth in all business segments
◦Net sales exceeded Q2 2019 pre-pandemic performance
•Significantly improved profitability vs. Q2 2020
◦Gross margin 49.4%, 370 basis point expansion
◦Operating margin 14.4% vs. 4.1% in Q2 2020; adjusted operating margin 14.8% vs. 8.0% in Q2 2020
◦Diluted EPS $1.62 vs. $0.19 in Q2 2020; adjusted diluted EPS $1.67 vs. $0.54 in Q2 2020
•Company raises full year fiscal 2021 outlook
◦Net sales growth of approximately 15%
◦Adjusted diluted EPS growth of approximately 75%
•Quarterly dividend resumed in Q2 at $0.40 per share
ATLANTA, July 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 second quarter fiscal 2021 results.
“Carter’s achieved record levels of sales and earnings in the second quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “We continued to see strong demand for our brands, particularly in our stores, reflecting the benefits from store reopenings, progress with vaccinations, and easing of pandemic-related restrictions.
“Our performance meaningfully exceeded our expectations and was driven, we believe, by the strength of our product offerings, more effective marketing, leaner inventories, and improved price realization.
“Given our strong performance in the first half, we are raising our sales and earnings forecasts for the year. Our revised forecasts reflect an increase in second half spending to expedite shipments from Asia to mitigate pandemic-related delays in production.
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The following information was filed by Carters Inc (CRI) on Friday, July 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

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
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 (Details)
Commitments And Contingencies
Common Stock
Common Stock (Tables)
Common Stock - Share Repurchases (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements - Borrowings (Details)
Fair Value Measurements - Investments (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Details)
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)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases - Cost And Supplementary Information (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Operating Lease Terms Of Contract (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt-Schedule (Details)
Organizational Restructuring And Office Consolidation
Organizational Restructuring And Office Consolidation (Details)
Organizational Restructuring And Office Consolidation - Reserve (Details)
Other Current Liabilities
Other Current Liabilities (Details)
Other Current Liabilities (Tables)
Restructuring (Tables)
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: Section 1350 Certification
Ticker: CRI
CIK: 1060822
Form Type: 10-Q Quarterly Report
Accession Number: 0001060822-21-000033
Submitted to the SEC: Fri Jul 30 2021 11:20:28 AM EST
Accepted by the SEC: Fri Jul 30 2021
Period: Saturday, July 3, 2021
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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