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Carters Inc (CRI) SEC Filing 10-K Annual Report for the fiscal year ending Saturday, January 1, 2022

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Carters Inc

HISTORY TOOLS
CIK: 1060822 Ticker: CRI

                                                Exhibit 99.1
carters_logoa16.jpg
Contact:
Sean McHugh
 Vice President & Treasurer
 (678) 791-7615

Carter’s, Inc. Reports Fourth Quarter and Fiscal 2021 Results
•Fourth quarter fiscal 2021 results
◦Strong holiday demand
◦Net sales $1.1 billion, +7% (+11% on comparable week basis)
◦Diluted EPS $2.31, +2% (down 6% on adjusted basis)
•Full year fiscal 2021 results
◦Net sales $3.5 billion, +15% (+17% on a comparable week basis)
◦Record diluted EPS $7.81, +212%; adjusted diluted EPS $7.87, +89%
•Returned $359 million to shareholders through share repurchases and dividends in fiscal 2021
•Full year fiscal 2022 outlook: net sales growth of 2% to 3%; adjusted diluted EPS growth of 12% to 14%
•Board of Directors declares 25% increase in quarterly dividend to $0.75 per share and authorizes new $1.0 billion share repurchase plan
ATLANTA, February 25, 2022 -- 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 2021 results.
“We saw strong demand for our brands in the fourth quarter which enabled us to exceed our sales and earnings objectives” said Michael Casey, Chairman and Chief Executive Officer.
“We achieved sales growth in each of our retail, wholesale, and international segments. Our fourth quarter earnings reflect the benefits from strong holiday demand for our brands and improved price realization which helped mitigate higher provisions for air freight, technology, performance-based compensation, and charitable donations.
“For the year, we achieved a record level of profitability which we believe was driven by structural changes made to our business during the pandemic, including the rationalization of product choices,
1
The following information was filed by Carters Inc (CRI) on Friday, February 25, 2022 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

Audit Information
Document And Entity Information
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
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)
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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 - Investments (Details)
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Goodwill And Other Intangible Assets (Details)
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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)
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)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Accounts Receivable) (Details)
Summary Of Significant Accounting Policies (Advertising Expenses) (Details)
Summary Of Significant Accounting Policies (Costs Of Goods Sold And Selling, General And Administrative Expenses) (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 (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: 0001060822-22-000096
Submitted to the SEC: Fri Feb 25 2022 11:28:50 AM EST
Accepted by the SEC: Fri Feb 25 2022
Period: Saturday, January 1, 2022
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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