Carter's, Inc. (NYSE:CRI) Q1 2023 Earnings Conference Call April 28, 2023 8:30 AM ET

Company Participants

Michael Casey - Chairman and Chief Executive Officer

Richard Westenberger - Executive Vice President and Chief Financial Officer

Brian Lynch - President and Chief Operating Officer

Sean McHugh - Vice President and Treasurer

Conference Call Participants

Warren Cheng - Evercore ISI

James Chartier - Monness, Crespi, Hardt & Co.

Jay Sole - UBS

Tom Nikic - Wedbush Securities

Ike Boruchow - Wells Fargo

Paul Lejuez - Citigroup

Operator

Welcome to Carter's First Quarter Fiscal 2023 Earnings Conference Call. On the call today are Michael Casey, Chairman and Chief Executive Officer; Richard Westenberger, Executive Vice President and Chief Financial Officer; Brian Lynch, President and Chief Operating Officer; and Sean McHugh, Vice President and Treasurer.

After today's prepared remarks, we will take questions as time allows. Carter's issued its first quarter fiscal 2023 earnings press release earlier this morning. A copy of the release and presentation materials for today's call have been posted on the Investor Relations section of the company's website at ir.carters.com.

Before we begin, let me remind you that statements made on this conference call and in the company's presentation materials about the company's outlook, plans and future performance are forward-looking statements. Actual results may differ materially from those projected. For a discussion of factors that could cause actual results to vary from those contained in the forward-looking statements, please refer to the company's most recent annual and quarterly reports filed with the Securities and Exchange Commission and the presentation materials posted on the company's website.

On this call, the company will reference various non-GAAP financial measurements. A reconciliation of those non-GAAP financial measurements to the GAAP financial measurements is provided in the company's earnings release and presentation materials. Also today's call is being recorded.

And now I'd like to turn the call over to Mr. Casey.

Michael Casey

Thanks very much. Good morning, everyone. Thank you for joining us on the call. Before we walk you through the presentation on our website, I'd like to share some thoughts on our business with you.

Carter's is off to a much better start this year than we planned. We exceeded our sales and earnings objectives in the first quarter. We saw earlier-than-expected demand in our Wholesale segment, and we were able to support that earlier demand with the best on-time deliveries from Asia we've seen since the pandemic began.