secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001060822-23-000151
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter's Q3 2023: EPS up 6.6% to $1.78, sales down 3% to $792M, provides full-year outlook
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- Net sales $792M (down from $819M); diluted EPS $1.78 vs $1.67; adjusted diluted EPS $1.84.
- Operating margin 11.8% (adjusted 12.2%) vs 11.2% in Q3 2022; inventory down over 30% YoY.
- Year-to-date operating cash flow $206M; $152M returned to shareholders via buybacks and dividends.
- Full-year 2023 outlook: net sales $2.95-2.965B, adjusted operating income $325-335M, adjusted diluted EPS $5.95-6.15.
- CEO cites warm September impacting retail and international sales; expects improvement with colder weather.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000106082223000151/0001060822-23-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000106082223000151/cri-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001060822-23-000151

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