Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended May 1, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____________ to _____________ Commission file number: 1-2191 CALERES, INC. (Exact name of registrant as specified in its charter) New York 43-019 ...

Caleres, Inc. (NYSE:CAL) Q1 2021 Earnings Conference Call May 28, 2021 10:00 AM ET Company Participants Logan Bonacorsi - Vice President, Investor Relations Diane Sullivan - Chairman and Chief Executive Officer Ken Hannah - Senior Vice President and Chief Financial Officer Jay Schmidt - President Conference Call Participants Laura Champine - Loop Capital Steven Marotta - CL King & Associates Operator Good morning. And welcome to the Caleres First Quarter Earnings Conference Call. My name is Glug and I will ...

First Quarter 2021 Earnings 5.28.2021 CALERES * 5 * * 1 Safe Harbor Statement Under the private securities litigation reform act of 1995 This presentation contains certain forward-looking statements and expectations regarding the company's future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include (i) the coronavirus outbreak and its adverse impact on our business operations, s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------------------------------------------|--------------------------------------------------------|----------------------- ...

Financial Performance - Total revenue was $2.1 billion in fiscal year 2020[6] - Direct ecommerce sales grew by 40%[6] - Approximately $126 million in cash was generated from operating activities[6] - Debt reduction of approximately $190 million since the end of 1Q20[6] - Inventory declined by approximately 21%[6] - Approximately $34 million was returned to shareholders via dividends and share repurchases[6] Sales and Channels - Casual, Athletic and Sport sales represented 90% of total CAL sales during fiscal year 2020[6,9] - Direct-to-Consumer (DTC) sales accounted for approximately 73% of total sales[7] - Ecommerce penetration increased to 30% of total net sales[7] - Famous Footwear net sales were $346.7 million, down 6% versus 4Q19[11] Brand Portfolio - Brand Portfolio sales were down approximately 32% year-over-year, totaling $234 million[12]

Caleres, Inc. (NYSE:CAL) Q4 2020 Earnings Conference Call March 16, 2021 5:00 PM ET Company Participants Logan Bonacorsi - Vice President, Investor Relations Diane Sullivan - Chairman and CEO Ken Hannah - Senior Vice President and CFO Jay Schmidt - President Conference Call Participants Laura Champine - Loop Capital Steve Marotta - CL King & Associates Sam Poser - Williams Trading William Reuter - Bank of America Operator Good afternoon. And welcome to the Fourth Quarter 2020 Caleres Earnings Conference Cal ...

20 11 -1 200 the state t 1 1 1 1 1 the state of the state and and and and and the see and CALERES ★ 5 ★ 23吋 Annual ICR Conference Diane Sullivan Chairman and CEO 1.11.21 Brand Portfolio – 2Q'20 Safe Harbor Statement Under the private securities litigation reform act of 1995 This presentation contains certain forward-looking statements and expectations regarding the company's future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____________ to _____________ Commission file number: 1-2191 CALERES, INC. (Exact name of registrant as specified in its charter) New York 4 ...

Third Quarter 2020 Earnings CALERES ★ 5 * 11.19.2020 Safe harbor statement Under the private securities litigation reform act of 1995 • This presentation contains certain forward-looking statements and expectations regarding the company's future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include (i) the coronavirus outbreak and its adverse impact on our business operations, st ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings of $0.48 per share, with a net income increase and a 30% sequential increase in revenues, benefiting from the full operation of store networks and solid digital demand [8][36] - Consolidated sales for Q3 were $647.5 million, down 18.3% year-over-year, with a gross margin of 39.7%, compared to 40.4% in the same period last year [36][38] - The company achieved a $38 million reduction in overall expenses during the quarter, resulting in the highest level of third-quarter cash generation in 10 years, with net cash provided by operating activities at $34.2 million [9][43] Business Segment Data and Key Metrics Changes - Famous Footwear generated revenues of $391.7 million, a 12% year-over-year decline but a 17% increase from Q2, with e-commerce sales up 48% year-over-year [11][12][37] - The Brand Portfolio reported net sales of $267.6 million, a 26% decline year-over-year but a 45% sequential improvement, with positive operating earnings of $7.3 million [20][38] - E-commerce penetration for Famous Footwear reached 17% of net sales, up from 10% in the previous year [12] Market Data and Key Metrics Changes - The back-to-school season was impacted by uncertainty, with store-for-store sales in August below historical levels, but September sales exceeded last year's levels by approximately $15 million [13][15] - The company noted a decline in sales momentum in October due to rising virus cases affecting consumer demand [15][18] Company Strategy and Development Direction - The company is focusing on digital growth and plans to allocate resources to enhance its e-commerce presence, particularly for the Naturalizer brand, which will see a reduction in physical stores [28][70] - The company aims to maintain a disciplined approach to managing expenses while investing in areas expected to yield strong returns, particularly in digital business [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the future, acknowledging ongoing uncertainty but highlighting strong cash generation and lean inventory as advantages [31][32] - The company expects Q4 sales to decline approximately 20% year-over-year, with Famous Footwear sales projected to be down between 10% and 15% [46] Other Important Information - The company plans to exit most of its legacy Naturalizer retail stores in the U.S. and Canada by the end of fiscal 2020, anticipating annual savings of $10 million to $12 million [27][47] - The company is committed to maintaining safety protocols in response to COVID-19 and is closely monitoring local conditions [18] Q&A Session Summary Question: Can you elaborate on the management changes at Famous Footwear? - Management confirmed that Mike Edwards will lead Famous Footwear, succeeding Molly Adams, and emphasized Edwards' extensive experience and commitment to the brand [49] Question: How has the November performance compared to expectations? - Management indicated that November performance is in line with expectations, but noted potential impacts from local store closures [53] Question: What are the expectations for wholesale buying patterns in the first half of 2021? - Management noted a significant shift towards online purchasing, predicting that e-commerce could represent 40% to 50% of business in 2021 [56][57] Question: What is the impact of the Naturalizer liquidation on revenues? - Management stated that the liquidation process has begun, and they do not anticipate issues in liquidating remaining inventory by the end of the fiscal year [67] Question: How will the company manage inventory in a post-vaccine world? - Management plans to keep inventory tight and responsive to market demands, ensuring agility in product offerings [60][62] Question: What are the expectations for SG&A expenses in Q4? - Management expects SG&A expenses to remain at similar levels to Q3, with a focus on maintaining cost discipline [81]