ATLANTA--(BUSINESS WIRE)--Nov. 13, 2014--
The Board of Directors of Carter’s, Inc. (NYSE:CRI) today declared a
quarterly dividend of $0.19 per share, payable on December 5, 2014, to
shareholders of record at the close of business on November 25, 2014.
Future declarations of quarterly dividends and the establishment of
future record and payment dates will be at the discretion of the Board
based on a number of factors, including the Company's future financial
performance and other considerations.
About Carter's, Inc.
Carter's, Inc. is the largest branded marketer in the United States of
apparel and related products exclusively for babies and young children.
The Company owns the Carter's and OshKosh B'gosh brands,
two of the most recognized brands in the marketplace. These brands are
sold in leading department stores, national chains, and specialty
retailers domestically and internationally. They are also sold through
more than 800 Company-operated stores in the United States and Canada
and on-line at www.carters.com
and www.oshkosh.com.
The Company's Just One You, Precious Firsts, and Genuine
Kids brands are available at Target, and its Child of Mine
brand is available at Walmart. Carter's is headquartered in Atlanta,
Georgia. Additional information may be found at www.carters.com.
Cautionary Language
This press release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to the Company's future
performance, including, without limitation, statements with respect to
the Company's future dividends and future performance. Such statements
are based on current expectations only, and are subject to certain
risks, uncertainties, and assumptions. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those anticipated,
estimated, or projected. Factors that could cause actual results to
materially differ include the risks of: losing one or more major
customers or vendors or financial difficulties for one or more of our
major customers or vendors; the Company's products not being accepted in
the marketplace; changes in consumer preference and fashion trends;
negative publicity; the Company failing to protect its intellectual
property; the breach of the Company's consumer databases, systems or
processes; incurring costs in connection with cooperating with
regulatory investigations and proceedings; increased leverage, not being
able to repay its indebtedness and being subject to restrictions on
operations by the Company's debt agreements; increased pressure on
margins; increased production costs; deflationary pricing pressures;
decreases in the overall level of consumer spending; disruptions
resulting from the Company's dependence on foreign supply sources; the
Company's foreign supply sources not meeting the Company's quality
standards or regulatory requirements; disruptions in the Company's
supply chain, including distribution centers or in-sourcing capabilities
or otherwise, and the risk of slow-downs, disruptions or strikes in the
event that a new agreement between the port through which we source
substantially all of our products and International Longshore and
Warehouse Union is not reached in a timely manner; the loss of the
Company's principal product sourcing agent; increased competition in the
baby and young children's apparel market; the Company being unable to
identify new retail store locations or negotiate appropriate lease terms
for the retail stores; the Company not adequately forecasting demand,
which could, among other things, create significant levels of excess
inventory; failure to achieve sales growth plans, cost savings, and
other assumptions that support the carrying value of the Company's
intangible assets; not attracting and retaining key individuals within
the organization; failure to properly manage strategic projects; failure
to implement needed upgrades to the Company's information technology
systems; disruptions resulting from the Company's transition of
distribution functions to its new Braselton facility and not achieving
planned efficiencies; being unsuccessful in expanding into international
markets and failing to successfully manage legal, regulatory, political
and economic risks of international operations, including maintaining
compliance with worldwide anti-bribery laws; incurring substantial costs
as a result of various claims or pending or threatened lawsuits; and the
failure to declare future quarterly dividends. Many of these risks are
further described in the most recently filed Quarterly Report on Form
10-Q and other reports filed with the Securities and Exchange Commission
under the headings "Risk Factors" and "Forward-Looking Statements." The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Source: Carter’s, Inc.
Carter’s, Inc.
Sean McHugh, 678-791-7615
Vice President &
Treasurer