ATLANTA--(BUSINESS WIRE)--May 7, 2015--
The Board of Directors of Carter’s, Inc. (NYSE:CRI) today declared a
quarterly dividend of $0.22 per share, payable on June 5, 2015, to
shareholders of record at the close of business on May 21, 2015.
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 and
Canada 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,
www.oshkoshbgosh.com,
and www.cartersoshkosh.ca.
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 anticipated financial results for the second quarter of
fiscal 2015 and fiscal year 2015, or any other future period, assessment
of the Company’s performance and financial position, and drivers of the
Company’s sales and earnings growth. 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, vendors, or licensees or financial difficulties for one or
more of our major customers, vendors, or licensees; 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; incurring costs in connection with
cooperating with regulatory investigations and proceedings; the breach
of the Company’s consumer databases, systems or processes; deflationary
pricing pressures; decreases in the overall level of consumer spending;
disruptions resulting from the Company’s dependence on foreign supply
sources; foreign currency risks due to the Company’s operations outside
of the United States; the Company’s use of a small number of vendors
over whom it has little control; 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 the new tentative
agreement between the Pacific Maritime Association, which represents the
operator of the port through which we source substantially all of our
products, and the International Longshore and Warehouse Union is not
finalized and approved in a timely manner; product recalls; 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’s failure to successfully
manage its eCommerce business; 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; increased leverage, not being able to repay its
indebtedness and being subject to restrictions on operations by the
Company’s debt agreements; 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 of distribution functions in its
Braselton, Georgia facility; 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;
fluctuations in the Company’s tax obligations and effective tax rate;
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 Annual Report on Form 10-K 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
