Carter’s, Inc. Announces Quarterly Dividend
August 21 2014 - 5:01PM
Business Wire
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.
Carter's, Inc.Sean McHugh, 678-791-7615Vice President &
Treasurer
Carters (NYSE:CRI)
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