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Carter's wholesale, mass channel & brands sales up in Q1 2007

25
Apr '07

Carter's Inc reported its first quarter fiscal 2007 results. Consolidated net sales increased 8.0% to $320.1 million. Net sales of the Company's Carter's brands increased 10.6% to $249.3 million. Net sales of the Company's OshKosh brand decreased 0.2% to $70.8 million.

The Company's wholesale sales increased 5.0% to $137.6 million. Carter's wholesale sales, excluding off-price sales of $5.7 million in each of the first quarters of fiscal 2007 and 2006, increased 10.7% to $107.0 million. OshKosh wholesale sales, excluding off-price sales of $0.9 million in the first quarter of fiscal 2007 and $2.6 million in the first quarter of fiscal 2006, decreased 7.9% to $24.0 million.

The Company's mass channel sales, which are comprised of sales of its Child of Mine brand to Wal-Mart and Just One Year brand to Target, increased 14.4% to $61.8 million.

Total retail store sales increased 8.3% to $120.7 million. Carter's retail store sales increased 8.3% to $74.8 million driven by sales of $6.7 million from new Carter's stores opened since the first quarter of fiscal 2006 and a comparable store sales increase of $0.4 million, or 0.7%, offset by the impact of store closures of $1.4 million.

OshKosh retail store sales increased 8.4% to $45.9 million driven by sales of $3.5 million from new OshKosh stores opened since the first quarter of fiscal 2006 and a comparable store sales increase of $0.3 million, or 0.8%, offset by the impact of store closures of $0.3 million.

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