Carter's Announces $400M Accelerated Share Buyback

Carter's, Inc.

today announced that as part of its efforts to improve the Company's capital structure and return capital to shareholders, it has entered into agreements with JPMorgan Chase Bank, N.A., to repurchase $400 million of its common shares under an accelerated share repurchase (“ASR”) program. The Company will acquire these common shares under the $700 million share repurchase authorization announced on August 22, 2013. The Company expects to receive approximately 75% of the shares at the inception of the ASR program. The specific number of shares that the Company ultimately will repurchase will be determined at the completion of the ASR program, based generally on the daily volume-weighted average share price of the