Carter's, Inc. (NYSE:CRI) Q3 2022 Results Conference Call October 28, 2022 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
Tom Nikic - Wedbush Securities
Jay Sole - UBS
Ike Boruchow - Wells Fargo
Chris Nardone - Bank of America
Operator
Welcome to Carter's Third Quarter Fiscal 2022 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 issued its third quarter fiscal 2022 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 released 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 measures. A reconciliation of these non-GAAP financial measures to the GAAP financial measures 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. Thanks 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.
For the final weeks of what's been a more challenging year than we had forecasted, we expected to build on the strong recovery and record earnings that we achieved last year. 2022 got off to a strong start. We saw high single-digit comparable sales growth through the early months of this year. But in the second quarter, we began to see the effects of historic inflation weighing on consumers and demand for our brands.