secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001060822-24-000111
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter's Q1 net sales down 5% to $661M; EPS $1.04 beats prior year
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- Q1 net sales $661M vs $696M YoY; diluted EPS $1.04 vs $0.95, up 9.5%.
- Returned $38M to shareholders via dividends and share repurchases in Q1.
- CEO cites higher wholesale demand and lean retailer inventories; cool weather weighed on U.S. Retail.
- FY2024 outlook: net sales $2.95-$3.0B; low to mid-single-digit adjusted EPS growth expected.
- International sales in line with plan; Mexico strength offset Canada weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000106082224000111/0001060822-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000106082224000111/cri-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001060822-24-000111

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