Carter's (CRI) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 11:50 AM CDT 45 min read

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DATE

Wednesday, May 6, 2026 astatine 8:30 a.m. ET

Call participants

• Interim Chief Executive Officer and President, Chief Financial Officer and Chief Operating Officer — Richard Westenberger

• Chief Retail & Digital Officer — Allison Peterson

• Vice President, Investor Relations — Thomas Robillard

Full Conference Call Transcript

Operator: Welcome to Carter's First Quarter Fiscal 2026 Earnings Conference Call. On the telephone are Richard Westenberger, Interim Chief Executive Officer and President; Chief Financial Officer and Chief Operating Officer; Allison Peterson, Chief Retail & Digital Officer; and T.C. Robillard, Vice President, Investor Relations. Please enactment that today's telephone is being recorded. I'll present crook the telephone implicit to T.C. Robillard.

Thomas Robillard: Thank you. Good morning, everyone. We issued our archetypal 4th 2026 net merchandise earlier today. The merchandise and presumption materials for today's telephone are disposable successful our Investor Relations website astatine ir.carters.com. Note that the statements connected today's telephone astir items specified arsenic the company's expectations and plans are forward-looking statements. For a treatment of factors that could origin existent results to alteration from those contained successful the forward-looking statements, delight spot our astir caller SEC filings arsenic good arsenic the net merchandise and presumption materials posted connected our website. In these materials, you volition besides find reconciliations of assorted non-GAAP fiscal measurements referenced during this call. After today's prepared remarks, we volition instrumentality questions arsenic clip allows.

I volition present crook the telephone implicit to Richard.

Richard Westenberger: Thank you, T.C. Good morning, everyone. We admit you joining america connected the telephone this greeting for an update connected our business, and I'm pleased to person my colleague, Allison Peterson, who leads our North American direct-to-consumer businesses, joining maine contiguous to supply her thoughts. As usual, we person a batch going connected present astatine Carter's. As I'm definite galore of you saw, we announced a enactment modulation past week. Doug Palladini has departed arsenic our CEO. We person continued advancement to study today, and I'd similar to convey Doug for his enactment and contributions implicit the past year.

Anyone who met Doug rapidly appreciated his passionateness for our brands and our ngo of serving families with young children, and we privation Doug each the best. We are looking guardant to welcoming Sharon Price John arsenic our caller CEO adjacent month. Sharon has a affluent inheritance successful the children's industry, having held elder enactment positions astatine respective outstanding companies successful our space, and she has a demonstrated way grounds of driving translation and growth. Now turning to our archetypal 4th performance. The twelvemonth is disconnected to a bully start. Our archetypal 4th performance, some income and net exceeded the expectations we shared with you connected our past call.