Interviews
News Flash
Carter's wholesale sales boost 32.4% to $131 mn for Q1
26 Apr '06
3 min read
Net cash used in operations was $14.0 million in the first quarter of fiscal 2006 as compared to net cash provided by operations of $24.6 million in the first quarter of fiscal 2005.
The change in cash flow was driven by significant reductions in accounts payable and accrued liabilities and increases in accounts receivable, partially offset by the reduction in inventories.
Timing of payments drove such changes in working capital to vendors and shipments to customers, in addition to the impact of the Acquisition.
In March 2006, the Company made a voluntary payment of $9.0 million on its term loan. Since the Acquisition and Refinancing, the Company has reduced its long-term debt by approximately $80.0 million, or 16 percent.
The Company will broadcast its quarterly conference call on April 26, 2006 at 8:30 a.m. Eastern Time. To participate in the call, please dial 1-913-981-5520. To listen to the live broadcast over the internet.
Carter's Inc is the nation's largest branded marketer of children's apparel for age's newborn to six years old.
Carter's brand is sold through over 4,000 department and national chain stores and through more than 180 Carter's- operated retail stores.
Carter's Child of Mine and Just One Year brands are available at Wal-Mart and Target, respectively.
The change in cash flow was driven by significant reductions in accounts payable and accrued liabilities and increases in accounts receivable, partially offset by the reduction in inventories.
Timing of payments drove such changes in working capital to vendors and shipments to customers, in addition to the impact of the Acquisition.
In March 2006, the Company made a voluntary payment of $9.0 million on its term loan. Since the Acquisition and Refinancing, the Company has reduced its long-term debt by approximately $80.0 million, or 16 percent.
The Company will broadcast its quarterly conference call on April 26, 2006 at 8:30 a.m. Eastern Time. To participate in the call, please dial 1-913-981-5520. To listen to the live broadcast over the internet.
Carter's Inc is the nation's largest branded marketer of children's apparel for age's newborn to six years old.
Carter's brand is sold through over 4,000 department and national chain stores and through more than 180 Carter's- operated retail stores.
Carter's Child of Mine and Just One Year brands are available at Wal-Mart and Target, respectively.
Carter's Inc
Popular News
Leave your Comments
Andreas Rass
ZIMMER AUSTRIA | Digital Printing Systems
Yohan Lawrence
Joint Apparel Association Forum (JAAFSL)
Dr. Sameer Sood
National Institute of Fashion Technology
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
