Carter’s, Inc. Announces Quarterly Dividend
May 07 2015 - 4:19PM
Business Wire
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.
Carter’s, Inc.Sean McHugh, 678-791-7615Vice President &
Treasurer
Carters (NYSE:CRI)
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