Carter’s, Inc. Announces Quarterly Dividend
14 November 2014 - 9:01AM
Business Wire
The Board of Directors of Carter’s, Inc. (NYSE:CRI) today
declared a quarterly dividend of $0.19 per share, payable on
December 5, 2014, to shareholders of record at the close of
business on November 25, 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 pressure on margins; 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 properly manage strategic projects; 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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