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Carters Inc (CRI) SEC Filing 10-Q Quarterly Report for the period ending Saturday, October 2, 2021

Carters Inc

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CIK: 1060822 Ticker: CRI

                                            EXHIBIT 99.1    
                                                
carters_logoa01a01a01a01a19.jpg
Contact:
Sean McHugh
Vice President & Treasurer
 (678) 791-7615

Carter’s, Inc. Reports Third Quarter Fiscal 2021 Results
•Net sales $891 million, growth of 3%
◦U.S. Retail comparable sales grew 5.9%
◦Global supply chain delays affected sales
•Strong third quarter profitability
◦Record gross profit margin
◦Operating margin 13.9% vs. 13.1% in Q3 2020; adjusted operating margin 13.9% vs. 13.8% in Q3 2020
•Diluted EPS $1.93 vs. $1.85 in Q3 2020; adjusted diluted EPS $1.93 vs. $1.96 in Q3 2020
•Returned $128 million to shareholders through dividends and share repurchases in Q3 2021; returned $228 million year-to-date through October
•Company raising full year profit outlook; record earnings forecasted for 2021
ATLANTA, October 29, 2021 - 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 2021 results.
“We meaningfully exceeded our earnings objectives for the third quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “While supply chain delays impacted our ability to support the strong demand for our brands in the quarter, our continued progress with price realization, productivity improvements, and expense management enabled us to offset higher transportation costs and improve profit margins.
“Given our strong liquidity and favorable outlook for the business, we resumed share repurchases in August which, together with our dividend, returned $128 million of capital to our shareholders in the quarter.
“Our forecast for the year reflects materially better performance than we envisioned possible earlier this year. Given the expected continued benefit of structural changes made in our business to respond to
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The following information was filed by Carters Inc (CRI) on Friday, October 29, 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 32.0: Section 1350 Certification
Ticker: CRI
CIK: 1060822
Form Type: 10-Q Quarterly Report
Accession Number: 0001060822-21-000052
Submitted to the SEC: Fri Oct 29 2021 12:31:35 PM EST
Accepted by the SEC: Fri Oct 29 2021
Period: Saturday, October 2, 2021
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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