First Quarter 2016 Business Update
First Quarter Adjusted Business Segment Performance*
Carter's Wholesale (a)
Carter's Retail (b)
Total Carter's
OshKosh Wholesale
OshKosh Retail (b)
Total OshKosh
International (c)(d)
Total before corporate expenses
Corporate expenses (d)
Total (d)
$
2016
Net Sales
94
78
724
2015
280 $ 269
272
258
552
527
12
16
82
73
89
69
685
$ in millions
* Results are stated on an adjusted basis; see reconciliation to GAAP on page 27.
Note: Results may not be additive due to rounding.
$
Growth
25
(4)
9
5
9
39
$ 724 $ 685 $ 39
$ 11 $ 66 $ 58
15
41
44
107
102
2
3
(2)
(1)
2
7
111
5
(24)
2
$ 87 $ 7
Adjusted Operating
Income (Loss)*
2016
$
2015
8
116
(22)
94
$
Growth
$ 8
(3)
5
(1)
(1)
(2)
1
carter's OSHKOSH
Bgosh
Adjusted Operating
Margin*
2016
23.6%
15.1%
19.5%
18.5%
(2.2%)
0.4%
10.8%
16.1%
(3.1%)
13.0%
(a) Includes U.S. wholesale sales of Carter's, Child of Mine, Just One You, and Precious Firsts.
(b) Includes U.S. stores and eCommerce results.
(c) Includes international stores, eCommerce, and wholesale sales. Adjusted operating income includes international licensing income.
(d) See reconciliation of reported (GAAP) results to adjusted results.
2015
21.5%
17.3%
19.4%
18.6%
(1.3%)
2.3%
10.2%
16.3%
(3.5%)
12.7%
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