An independent investigation had recently played a huge role in Carter’s Inc. Announced earlier today is the substantial completion of the independent investigation which was undertaken at the direction of the Company’s Audit Committee concerning the reporting of wholesale customer accommodations in incorrect periods and the resulting adjustments to the Company’s financial statements for the periods covered by the previously announced restatement.
“The Board of Directors is pleased that the Audit Committee’s investigation of accommodations is substantially complete. We are thankful to our management team for their responsiveness to the challenging issues presented by the investigation,” said Thomas E. Whiddon, Lead Director, speaking on behalf of the Company’s Board of Directors.
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About Carter's, Inc.
Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through more than 400 Company-operated stores. The Company’s Child of Mine and Just One Year brands are available at Walmart and Target, respectively, and its Genuine Kids brand is sold at Target. Carter’s is headquartered in Atlanta, Georgia
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