First Quarter 2016 Business Update

First Quarter 2016 Net Sales $684.8 Q1 2015 Growth vs. 2015 Total Carter's +5% $14.6 $7.0 Stores eCommerce 7.6 Retail¹ Comp (0.1%) Carter's Retail +5.7% $10.8 Carter's Wholesale +4.0% ¹Retail Comp is defined as the combination of store and eCommerce comparable sales. 2Calculated in local currency. $ in millions Total OshKosh +5% $8.7 Stores $5.9 eCommerce 2.8 Retail¹ Comp +2.7% OshKosh Retail +11.9% ($4.1) OshKosh Wholesale (25.8%) $9.3 Canada Retail Comp¹,2 +14.9% International 13.6% Constant +20.1% Currency carter's OSHKOSH Bgosh 1 +6% $724.1 Q1 2016 +5.7% +6.4% 3

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