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

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Carters Inc

CIK: 1060822 Ticker: CRI

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

Carters, Inc. Reports Second Quarter Fiscal 2022 Results

Net sales $701 million
Diluted EPS $0.93; adjusted diluted EPS $1.30
Returned $132 million to shareholders through share repurchases and dividends in Q2; $237 million returned in the first half of fiscal 2022
Full year fiscal 2022 outlook:
Net sales of approximately $3.25 billion to $3.30 billion
Adjusted diluted EPS of approximately $7.10 to $7.60

ATLANTA, July 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 second quarter fiscal 2022 results.
“After a strong start to the year, our sales slowed in the second quarter,” said Michael D. Casey, Chairman and Chief Executive Officer. “In 2021, the United States government provided unprecedented stimulus payments and support to families with young children to help them recover from the pandemic. The absence of that support this year, together with the surge in gas prices and inflation, have weighed on consumers’ demand for our brands.
“Since the pandemic began, year-over-year comparisons have been affected by historic challenges and the related disruption to the lives of families with young children. Our performance relative to the pre-pandemic period reflects our progress increasing the profitability of Carter’s. By that measure, our earnings are significantly higher in 2022 and have been driven by the structural improvements made to our business since 2019.
“Those improvements include the rationalization of lower margin product choices, closure of less productive stores, investment in inventory management and pricing capabilities, reduction in promotions and improved price realization. These changes enabled Carter’s to achieve record earnings in 2021.
1

The following information was filed by Carters Inc (CRI) on Friday, July 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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Carters Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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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 Changes In Stockholders' Equity
Condensed Consolidated Statements Of Comprehensive Income
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 (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 (Details)
Long-Term Debt (Tables)
Other Current Liabilities
Other Current Liabilities (Details)
Other Current Liabilities (Tables)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Contract Liabilities (Details)
Revenue Recognition - Disaggregation Of Revenue (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

Ticker: CRI
CIK: 1060822
Form Type: 10-Q Quarterly Report
Accession Number: 0001060822-22-000166
Submitted to the SEC: Fri Jul 29 2022 1:29:11 PM EST
Accepted by the SEC: Fri Jul 29 2022
Period: Saturday, July 2, 2022
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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