ATLANTA--(BUSINESS WIRE)--Aug. 21, 2014--
The Board of Directors of Carter’s, Inc. (NYSE:CRI) today declared a
quarterly dividend of $0.19 per share, payable on September 12, 2014, to
shareholders of record at the close of business on September 2, 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 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 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