Caleres, Inc. (NYSE:CAL) Q3 2023 Earnings Call Transcript November 21, 2023 10:00 AM ET Company Participants Logan Bonacorsi - Vice President, Investor Relations Jay Schmidt - President and CEO Jack Calandra - Senior Vice President and CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Abbie Zvejnieks - Piper Sandler Mitch Kummetz - Seaport Research Laura Champine - Loop Capital Markets Operator Hello, and welcome to the Caleres Third Quarter 2023 Earnings Call. My name is Kevin and I'll b ...

F a m o u s F o o t w e a r | S a m E d e l m a n | A l l e n E d m o n d s | N a t u r a l i z e r | V i o n i c | D r S c h o l l s | F r a n c o S a r t o | L i f e S t r i d e | V e r o n i c a B e a r d | V i n c e | B l o w f i s h | R y k ä The company's reports to the Securities and Exchange Commission contain detailed information relating to such factors, including, without limitation, the information under the caption Risk Factors in Item 1A of the company's Annual Report on Form 10-K for the year ...

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 July 29, 2023 ☐ 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 43-0 ...

Caleres Capabilities 11 GAAP to Non-GAAP Reconciliation CALERES, INC. RECONCILIATION OF NET EARNINGS (LOSS) AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) GAAP to Non-GAAP Reconciliation CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP) (Unaudited) ($ thousands) July 29, 2023 July 30, 2022 Debt/EBITDA leverage ratio: Borrowings under revolving credit agreement $ 244,000 $ 348,500 EBI ...

Caleres, Inc. (NYSE:CAL) Q2 2023 Earnings Conference Call August 31, 2023 10:00 AM ET Company Participants Logan Bonacorsi - Vice President, Investor Relations Jay Schmidt - President and CEO Jack Calandra - Senior Vice President and CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Laura Champine - Loop Capital Markets Mitch Kummetz - Seaport Research Abbie Zvejnieks - Piper Sandler Operator Good morning. And welcome to the Caleres Second Quarter 2023 Earnings Conference Call. My name is ...

Financial Performance - Net earnings for the thirteen weeks ended April 29, 2023, were $34,792,000, a decrease of 30.4% compared to $49,985,000 for the same period in 2022[59] - The company reported net earnings of $34,727 thousand for the thirteen weeks ended April 29, 2023, compared to $50,509 thousand for the same period in the previous year, indicating a decrease of approximately 31.3%[77] - Basic and diluted earnings per share attributable to the company were both $0.97 for the current period, down from $1.34 and $1.32 respectively in the prior year[77] - Operating earnings for the same period were $49.587 million, down 25% from $66.195 million in the prior year[103] - For the thirteen weeks ended April 29, 2023, net sales totaled $662.7 million, a decrease of 9.8% compared to $735.1 million for the same period in 2022[102] Assets and Liabilities - Total current assets decreased to $820,880,000 as of April 29, 2023, down from $933,641,000 a year earlier, reflecting a decline of 12.0%[54] - Total liabilities decreased to $1,366,202,000 as of April 29, 2023, compared to $1,428,885,000 in the prior year, representing a reduction of 4.4%[54] - Total assets decreased to $1,818,083,000 as of April 29, 2023, down from $1,928,298,000, a decline of 5.7%[54] - Total equity increased to $451,881,000 as of April 29, 2023, from $358,028,000 a year earlier, reflecting an increase of approximately 26.1%[54] Cash Flow and Operating Activities - The company reported a net cash provided by operating activities of $37,497,000 for the current period, compared to $19,686,000 for the same period last year, indicating an increase of 90.5%[59] - Cash and cash equivalents increased to $36,151,000 at the end of the period, up from $33,717,000, marking a growth of 4.3%[59] Inventory and Sales - The company's total inventories as of April 29, 2023, were valued at $559,467 thousand, a decrease from $643,527 thousand in the previous year[81] - Direct-to-consumer sales amounted to $479.6 million, accounting for 65.2% of total net sales, compared to $486.5 million in the prior year[72] - The company’s wholesale landed sales contributed $161,199 thousand to net sales, showcasing the strength of its wholesale distribution strategy[72] Shareholder Actions - The company did not repurchase any shares during the current period, maintaining its share repurchase program for future opportunities[77] - The Company had net issuances of 558,847 shares of common stock during the thirteen weeks ended April 29, 2023, compared to 512,508 shares in the prior year[113] Expenses and Charges - Interest expense, net, increased to $5.623 million for the thirteen weeks ended April 29, 2023, compared to $2.299 million in the same period last year[103] - The total lease expense for the thirteen weeks ended April 29, 2023, was $50.294 million, an increase from $48.216 million in the same period of 2022[133] - The Company recognized share-based compensation expense of $2.9 million during the thirteen weeks ended April 29, 2023, compared to $3.8 million for the same period in 2022[138] Impairment and Goodwill - The company’s goodwill and intangible assets were tested for impairment, with no impairment charges recorded during the thirteen weeks ended April 29, 2023[85] - The fair value of indefinite-lived intangible assets was tested for impairment, with no impairment charges recorded during the thirteen weeks ended April 29, 2023[129] Future Expectations - The company expects the sale of its corporate headquarters campus to be completed within the next year, which has been classified as property and equipment held for sale[67] - The company anticipates amortization expense related to intangible assets to be approximately $11.9 million in 2023[105]

Caleres, Inc. (NYSE:CAL) Q1 2023 Earnings Conference Call June 1, 2023 10:00 AM ET Company Participants Logan Bonacorsi - VP, IR Jay Schmidt - President and CEO Jack Calandra - SVP and CFO Conference Call Participants Abbie Zvejnieks - Piper Sandler Laura Champine - Loop Capital Mitch Kummetz - Seaport Research Dana Telsey - Telsey Advisory Group Operator Good morning, welcome to Caleres First Quarter 2023 Earnings Conference Call. My name is Sherry, and I'll be your conference coordinator. At this time, al ...

Commission file number 1-2191 (Exact name of registrant as specified in its charter) New York 43-0197190 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification Number) 8300 Maryland Avenue 63105 St. Louis, Missouri (Zip Code) (Address of principal executive offices) 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 Indicate b ...

Caleres, Inc. (NYSE:CAL) Q4 2022 Earnings Conference Call March 14, 2023 10:00 AM ET Company Participants Logan Bonacorsi - VP, IR Jay Schmidt - President and CEO Jack Calandra - SVP and CFO Conference Call Participants Abbie Zvejnieks - Piper Sandler Mitch Kummetz - Seaport Research Laura Champine - Loop Capital Dana Telsey - Telsey Advisory Group Operator Good morning, and welcome to the Caleres Fourth Quarter Earnings Conference Call. My name is Robert and I'll be your conference coordinator. At this tim ...

25th Annual ICR Conference January 9, 2023 2 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) supply chain disruptions and inflationary pressures; (ii) the coronavirus pandemic and its adverse impact on our business operations and financial condition (iii) changi ...