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颁补谤迟别谤鈥檚, Inc. Announces Timing of its Release of Plan to Return to Growth, Capital Allocation Strategy Revision, and Declaration of $0.25 Quarterly Dividend

ATLANTA--(BUSINESS WIRE)-- 颁补谤迟别谤鈥檚, Inc. (NYSE: CRI) today announced an update to the Company鈥檚 return of capital strategy in conjunction with its ongoing strategy development.

Doug Palladini, Chief Executive Officer & President of 颁补谤迟别谤鈥檚, commented: 鈥淚 could not have asked to join a more talented, creative and passionate team here at 颁补谤迟别谤鈥檚. Since my start in early April, I have been working with the Board and management team on the development of a new strategic plan, and I believe we have meaningful opportunities to return 颁补谤迟别谤鈥檚 to consistent, profitable growth in the years ahead.

鈥淚 recently presented to the Board my preliminary thoughts on actions that can be taken to return 颁补谤迟别谤鈥檚 to growth. As we continue to develop our strategic plan, it is my current intention to be able to present that plan to the investment community on our second quarter earnings call later this summer. I am excited about what is ahead for 颁补谤迟别谤鈥檚 and the prospects of driving significant value creation for our shareholders.

鈥淥ur current cash position and liquidity are strong and are forecasted to remain so. However, as we anticipate making strategic investments in our business in the coming years, our current dividend is misaligned with our current level of profitability, especially against the backdrop of a challenging market environment and the possibility the Company may incur significantly higher product costs as the result of the new proposed tariffs on products imported into the United States.

鈥淚n light of these factors, our Board of Directors declared a dividend of $0.25 per share payable on June 20, 2025, to shareholders of record as of June 2, 2025. As the Company progresses in its goal of returning to growth, the Company will continue to evaluate its capital allocation priorities, including the amount and timing of returning capital to shareholders.鈥�

Future declarations of quarterly dividends will be at the discretion of the Company鈥檚 Board of Directors based on a number of factors, including business conditions, the Company鈥檚 future financial performance, investment priorities, and other considerations.

About 颁补谤迟别谤鈥檚, Inc.

颁补谤迟别谤鈥檚, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The Company owns the 颁补谤迟别谤鈥檚 and OshKosh B鈥檊osh brands, among the more recognized and trusted brands in the marketplace. These brands are sold through over 1,000 Company-operated stores in the United States, Canada, and Mexico and online at , , , and . 颁补谤迟别谤鈥檚 also is the largest supplier of young children鈥檚 apparel to the largest retailers in North America. Its brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. The Company鈥檚 Child of Mine brand is available at Walmart, its Just One You brand is available at Target, and its Simple Joys brand is available on Amazon.com. The Company also owns Little Planet, a brand focused on organic fabrics and sustainable materials, and Skip Hop, a global lifestyle brand for families with young children. 颁补谤迟别谤鈥檚 is headquartered in Atlanta, Georgia. Additional information may be found at .

Forward-Looking Statements

Statements in this press release that are not historical fact and use predictive words such as 鈥渆stimates鈥�, 鈥渙utlook鈥�, 鈥済uidance鈥�, 鈥渆xpect鈥�, 鈥渂elieve鈥�, 鈥渋ntend鈥�, 鈥渄esigned鈥�, 鈥渢arget鈥�, 鈥減lans鈥�, 鈥渕ay鈥�, 鈥渨ill鈥�, 鈥渁re confident,鈥� 鈥渇orecast鈥� and similar words are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed in this press release. These risks and uncertainties include, but are not limited to, those disclosed in Part II, Item 1A. 鈥淩isk Factors鈥� of the Company鈥檚 Quarterly Report on Form 10-Q for the fiscal quarter ended March 29, 2025 and Part I, Item 1A. 鈥淩isk Factors鈥� of the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended December 28, 2024, and otherwise in our reports and filings with the Securities and Exchange Commission, as well as the following factors: our ability to deliver a strategic plan, and the details of that plan, within the time-frame previously disclosed; changes in global economic and financial conditions, and the resulting impact on consumer confidence and consumer spending, as well as other changes in consumer discretionary spending habits; risks related to public health crises; risks related to consumer tastes and preferences, as well as fashion trends; the failure to protect our intellectual property; the diminished value of our brands, potentially as a result of negative publicity or unsuccessful branding and marketing efforts; delays, product recalls, or loss of revenue due to a failure to meet our quality standards; risks related to uncertainty regarding the future of international trade agreements and the United States鈥� position on international trade, as well as significant political, trade, and regulatory developments and other circumstances beyond our control; increased competition in the marketplace; financial difficulties for one or more of our major customers; identification of locations and negotiation of appropriate lease terms for our retail stores; distinct risks facing our eCommerce business; failure to forecast demand for our products and our failure to manage our inventory; increased margin pressures, including increased cost of materials and labor and our inability to successfully increase prices to offset these increased costs; continued inflationary pressures with respect to labor and raw materials and global supply chain constraints that have, and could continue, to affect freight, transit, and other costs; fluctuations in foreign currency exchange rates; unseasonable or extreme weather conditions; risks associated with corporate responsibility issues; our foreign sourcing arrangements; a relatively small number of vendors supply a significant amount of our products; disruptions in our supply chain, including increased transportation and freight costs; our ability to effectively source and manage inventory; problems with our Braselton, Georgia distribution facility; pending and threatened lawsuits; a breach of our information technology systems and the loss of personal data or a failure to implement new information technology systems successfully; unsuccessful expansion into international markets; failure to comply with various laws and regulations; failure to properly manage strategic initiatives; retention of key individuals; acquisition and integration of other brands and businesses; failure to achieve sales growth plans and profitability objectives to support the carrying value of our intangible assets; our continued ability to meet obligations related to our debt; changes in our tax obligations, including additional customs, duties or tariffs; our continued ability to declare and pay a dividend; volatility in the market price of our common stock; and the cost or effort required for our shareholders to bring certain claims or actions against us, as a result of our designation of the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings. Except for any ongoing obligations to disclose material information as required by federal securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The inclusion of any statement in this press release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

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Sean McHugh

Vice President & Treasurer

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Source: 颁补谤迟别谤鈥檚, Inc.