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Carter's consolidated net sales up 3.7% to $287.8mn in Q2

25
Jul '07
Carter's Inc, the largest branded marketer in the United States of apparel exclusively for babies and young children, reported its second quarter fiscal 2007 results.

Second Quarter of Fiscal 2007 compared to Second Quarter of Fiscal 2006.

Consolidated net sales increased 3.7% to $287.8 million. Net sales of the Company's Carter's brands increased 10.8% to $228.7 million. Net sales of the Company's OshKosh brand decreased 16.9% to $59.1 million.

The Company's wholesale sales decreased 0.9% to $103.5 million. Carter's wholesale sales, excluding off-price sales of $7.9 million in the second quarter of fiscal 2007 and $8.1 million in the second quarter of fiscal 2006, increased 12.4% to $85.4 million. OshKosh wholesale sales, excluding off- price sales of $0.3 million in the second quarter of fiscal 2007 and $2.3 million in the second quarter of fiscal 2006, decreased 45.3% to $9.9 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 15.9% to $59.1 million.

Total retail store sales increased 2.5% to $125.2 million. Carter's retail store sales increased 6.8% to $76.3 million, driven by sales of $5.3 million from Carter's stores opened since the second quarter of fiscal 2006 and a comparable store sales increase of $0.5 million, or 0.8%, partially offset by the impact of store closures of $0.9 million.

OshKosh retail store sales decreased 3.6% to $48.9 million due to a comparable store sales decrease of $4.8 million, or 9.7%, and the impact of store closures of $0.3 million, partially offset by increased sales of $3.3 million from OshKosh stores opened since the second quarter of fiscal 2006.


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