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Carters Inc (CRI) SEC Filing 10-Q Quarterly Report for the period ending Saturday, April 2, 2022

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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 First Quarter Fiscal 2022 Results
•Net sales and earnings exceeded expectations
◦Net sales $781 million
◦Diluted EPS $1.66
•Returned $105 million to shareholders through share repurchases and dividends
•Company reaffirms full year fiscal 2022 outlook:
◦Net sales growth of 2% to 3%
◦Adjusted diluted EPS growth of 12% to 14%

ATLANTA, April 29, 2022 - 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 2022 results.
“Our first quarter sales and earnings exceeded our expectations,” said Michael D. Casey, Chairman and Chief Executive Officer. “Inventory levels improved in the quarter and enabled us to support higher demand in our wholesale and international businesses. As expected, our retail sales were lower in the quarter and reflect the impact of store closures, timing of the Easter holiday, and non-recurring benefit realized last year from the unprecedented government stimulus which supported families with young children.
“We are encouraged by the improving trend in births in the United States which began last summer. We believe our leading position in the young children’s apparel market and unparalleled multi-channel business model will enable us to build on our strong performance last year and achieve our growth objectives for 2022.”
Adjustments to Reported GAAP Results
In addition to the results presented in this earnings release in accordance with GAAP, the Company has provided adjusted, non-GAAP financial measurements, as presented below. The Company believes these non-GAAP financial measurements provide a meaningful comparison of the Company’s results and afford
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The following information was filed by Carters Inc (CRI) on Friday, April 29, 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-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
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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: 0001060822-22-000124
Submitted to the SEC: Fri Apr 29 2022 11:00:52 AM EST
Accepted by the SEC: Fri Apr 29 2022
Period: Saturday, April 2, 2022
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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