carter's, inc. Third Quarter 2020 Results & Business Update October 23, 2020 Third Quarter Results (GAAP Basis) Diluted EPS $1.85 $1.34 38% Weighted average shares outstanding 43 44 (2%) EBITDA1$140 16.2% $107 11.4% 31% | --- | --- | --- | --- | --- | --- | |---------------------|---------------------------------------|--------------|-----------|------------|------------------------| | | $ in millions, except EPS \nQ3 2020 | % of Sales | Q3 2019 | % of Sales | Increase / (Decrease) | | Net sales | $865 | | ...

Financial Data and Key Metrics Changes - The company reported net sales of $515 million, down 30% from the previous year, with operating income at $21 million, down 68%, and adjusted EPS at $0.54 compared to $0.95 last year [24][27][30] - Gross margin improved by 170 basis points due to better pricing realization and progress in moving through excess inventory [25] - Total liquidity at the end of the quarter was $1.5 billion, including $1 billion in cash and approximately $500 million in available borrowing capacity [28][31] Business Line Data and Key Metrics Changes - U.S. retail segment sales declined 25% compared to last year, but e-commerce demand increased by 101% [33][34] - The wholesale segment saw a 34% decline in net sales, but e-commerce demand in wholesale was up over 100% [17][41] - International net sales were $47 million, down from $82 million last year, with significant growth in online sales [42] Market Data and Key Metrics Changes - Online demand from domestic consumers increased over 120%, while international online demand dropped 4% [12][19] - Sales in stores located in tourist areas were down over 20%, while non-tourist store locations comped up 15% [11] - The company expects international sales to be weighed down by the pandemic and a stronger dollar [20] Company Strategy and Development Direction - The company plans to close over 200 stores, or about 25% of its U.S. stores, by 2024, focusing on fewer, more profitable locations [15][16] - Investment in technology for e-commerce fulfillment is a priority, with plans to enhance omni-channel capabilities [13][44] - The company aims to leverage its strong relationships with major retailers to gain market share amid store closures [63][64] Management's Comments on Operating Environment and Future Outlook - Management noted that the pandemic has had a less severe impact on sales than initially expected, with a gradual improvement anticipated in the second half of the year [6][45] - The company expects profitability in the third and fourth quarters, albeit not at the same levels as last year, and is monitoring risks related to consumer traffic and economic conditions [45] - Management expressed confidence in the brand's resilience and ability to outperform the market during the pandemic [22][23] Other Important Information - The company has seen a significant increase in e-commerce sales, with expectations that online sales will exceed $1 billion this year [23] - The company has implemented curbside pickup, with nearly 50% of consumers opting for this service [14] - The company has successfully managed to reduce planned inventory commitments for certain wholesale customers due to anticipated changes in demand [18] Q&A Session Summary Question: How are sales with exclusive brands in Q2 compared to the rest of the wholesale channel? - Exclusive brand sales were higher in Q2 than last year, while the remainder of the account base was lower [47] Question: Have you seen a material drop off in store performance in states with recent virus surges? - Yes, there has been a drop off in states experiencing a surge in COVID-19 cases [48] Question: What are your expectations for the back half of the year regarding wholesale business? - Growth is expected with exclusive brands, but demand from non-exclusive wholesale customers is anticipated to be lower [50][51] Question: Can you provide insights on July's performance and e-commerce growth? - July sales are at about 90% of last year, with strong online demand and some store closures due to COVID-19 [53] Question: How do you view market share gains during the quarter? - The company believes it gained market share due to strong relationships with major retailers and the closure of smaller competitors [62][63]

Second Quarter 2020 Results & Business Update July 24, 2020 Second Quarter 2020 Results (GAAP Basis) Weighted average shares outstanding 43 45 (4%) EBITDA1$43 8.3% $88 11.9% (51%) $ in millions, except EPS | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-----------|--------------|-----------|------------|------------------------| | | Q2 2020 | % of Sales | Q2 2019 | % of Sales | Increase / (Decrease) | | Net sales | $515 | | $734 | | (30%) | | Gross profit | 236 | 45.7 ...

CarterÂ's, Inc. (NYSE:CRI) Q1 2020 Earnings Conference Call May 5, 2020 8:30 AM ET Company Participants Michael Casey – Chairman and Chief Executive Officer Richard Westenberger – Executive Vice President and Chief Financial Officer Brian Lynch – President Conference Call Participants David Buckley – Bank of America Paul Lejuez – Citi Ike Boruchow – Wells Fargo Susan Anderson – B. Riley FBR John Morris – D.A Davidson Operator Welcome to Carter's First Quarter 2020 Earnings Conference Call. On the call today ...

First Quarter 2020 Results & Business Update May 5, 2020 Q1 2020 Results – Net Sales (8%) $ in millions Consolidated Net Sales Q1 2020 Net Sales: $654 (15%) | --- | --- | --- | --- | |-------|------------|-------------------------|-------------------------------------------------| | | | | | | $741 | (12%) $654 | U . S. Retail $321 49% | U.S. Wholesale $252 39% International $82 12% | Note: Results may not be additive due to rounding. 2 Q1 2020 Results – Charges and Notable Items | --- | --- | --- | --- | |- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 28, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission file number: 001-31829 CARTER'S, INC. (Exact name of registrant as specified in its charter) Delaware 13-3912933 (State or other jurisdiction of (I ...

Start Time: 08:30 January 1, 0000 9:32 AM ET Carter’s, Inc. (NYSE:CRI) Q4 2019 Earnings Conference Call February 24, 2020, 08:30 AM ET Company Participants Michael Casey - Chairman and CEO Richard Westenberger - EVP and CFO Brian Lynch - President Sean McHugh - VP and Treasurer Conference Call Participants Paul Lejuez - Citi David Buckley - Bank of America Merrill Lynch Ike Boruchow - Wells Fargo Susan Anderson - B. Riley FBR John Morris - D.A. Davidson Operator Welcome to Carter's Fourth Quarter 2019 Earni ...

carter's, inc. Fourth Quarter/Fiscal Year 2019 Results & Business Update February 24, 2020 Fourth Quarter 2019 Results (GAAP Basis) | --- | --- | --- | --- | --- | --- | --- | |-------|-------------------------------------|--------------------------------|-------|--------|-------|------------| | | | $ in millions, except EPS \nQ4 | % of | Q4 | % of | Increase / | | | | 2019 | Sales | 2018 | Sales | (Decrease) | | | | $1,101 | | $1,086 | | 1% | | | | 467 | 42.5% | 468 | 43.0% | - | | | | 7 | 0.7% | 10 | 1.0% ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 29, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO ______ Commission file number: 001-31829 CARTER'S, INC. (Exact name of Registrant as specified in its charter) Delaware 13-3912933 (state or other jurisdiction of (I ...