NEW YORK--(BUSINESS WIRE)--Sam Edelman, the contemporary lifestyle brand behind some of the world’s most iconic footwear and a lead brand in the Caleres (NYSE: CAL) portfolio, is excited to announce its partnership with four new licensees to expand all three of its brands - Sam Edelman, Circus NY by Sam Edelman and Sam & Libby – into new lifestyle categories. New licensing partners include HB Connections (handbags), Esquire Brands (kids’ shoes), Gina Group (hosiery), and My Step Global (slippers). These lic ...

consolidated balance sheets, with changes reflected within cash flows from operating activities when settled. As of October 28, 2023 and October 29, 2022, the Company had $25.0 million and $17.8 million, respectively, of accounts payable subject to the Program arrangements. Impact of Recently Adopted Accounting Pronouncements In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, Liabilities – Supplier Finance Programs (Topic 405-50): Disclos ...

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 ...

Financial Performance - Net sales for 2022 reached $2,968,138 thousand, an increase of 6.9% from $2,777,604 thousand in 2021[103] - Gross profit for 2022 was $1,284,873 thousand, up from $1,227,317 thousand in 2021, reflecting a gross margin improvement[103] - Operating earnings for 2022 were $214,327 thousand, compared to $205,807 thousand in 2021, indicating a slight increase[103] - Net earnings attributable to Caleres, Inc. for 2022 were $181,742 thousand, a significant recovery from a loss of $(439,114) thousand in 2020[103] - Basic earnings per share for 2022 were $4.98, up from $3.59 in 2021, showing a 38.7% increase[103] - The company reported net earnings of $181.7 million for the fiscal year ending January 28, 2023, compared to a net loss of $439.1 million in the previous period[109] - Comprehensive income for the fiscal year 2022 was $138.8 million, reflecting a significant recovery from the previous year's comprehensive loss of $416.4 million[109] - The Company reported domestic earnings before income taxes of $168.0 million in 2022, up from $152.5 million in 2021, while international earnings before income taxes increased to $45.0 million from $36.7 million in the same period[201] - The total income tax provision for 2022 was $33.339 million, a decrease from $51.081 million in 2021, with federal income tax provision at $18.481 million[202] Assets and Liabilities - As of January 28, 2023, the company reported total assets of $1,836.5 million, a decrease from $1,843.9 million as of January 29, 2022[101] - Current liabilities decreased to $911.2 million from $1,025.6 million in the previous year, primarily due to a reduction in trade accounts payable[101] - The company reported a decrease in total equity to $426.1 million from $323.4 million, reflecting changes in accumulated other comprehensive loss[101] - The total equity of Caleres, Inc. as of January 28, 2023, was $426.1 million, a decrease from $649.1 million in February 2020[109] - The fair value of plan assets at the end of 2022 was $356.745 million, down from $444.091 million at the beginning of the year[150] - The accumulated benefit obligation for the United States pension plans was $280.5 million as of January 28, 2023, down from $348.8 million in the previous year, representing a decrease of approximately 19.5%[172] Cash Flow and Investments - Net cash provided by operating activities in 2022 was $125,879 thousand, down from $168,441 thousand in 2021[107] - Cash and cash equivalents at the end of 2022 were $33,700 thousand, an increase from $30,115 thousand at the end of 2021[107] - The company incurred restructuring and other special charges of $2,910 thousand in 2022, significantly lower than $13,482 thousand in 2021[103] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[107] - The company repurchased 2,622,845 shares at a cost of $63.2 million in the year ended January 28, 2023, under its share repurchase programs[263] Inventory and Sales - The company's inventories amounted to $580.2 million, including finished goods of $558.5 million, net of markdown reserves of $43.9 million[97] - The company recognized provisions for customer allowances of $27.6 million in 2022, up from $26.1 million in 2021, showing an increase in reserves for customer-related expenses[123] - The Company recorded a markdown reserve of $4.7 million in 2022 due to product cost inflation in the Famous Footwear segment[135] - The Company’s warehousing and distribution costs totaled $121.0 million in 2022, up from $99.5 million in 2021 and $84.0 million in 2020[137] - The Company generated $2,123.7 million in direct-to-consumer sales in 2022, up from $2,086.6 million in 2021, marking an increase of about 1.8%[228] Marketing and Customer Engagement - The company spent approximately $62.6 million on advertising and marketing for Famous Footwear in 2022[165] - Total advertising and marketing expense was $138.0 million in 2022, an increase of 16.8% from $118.1 million in 2021[188] - The Company has a customer loyalty program, Famously You Rewards, which offers members free shipping, bonus points, and product previews, enhancing customer engagement[205] - Approximately 77% of net sales in the Famous Footwear segment were made to loyalty program members in 2022, a slight decrease from 78% in 2021[184] Operational Insights - Caleres, Inc. operates 965 retail shoe stores across the U.S., Canada, China, and Guam, indicating a strong retail presence[112] - The Company operates in two segments: Famous Footwear with 873 retail stores and Brand Portfolio, which includes wholesale operations and e-commerce[247] - Famous Footwear employs an omni-channel approach, fulfilling approximately two-thirds of e-commerce orders from retail store inventory, enhancing delivery times[251] - The Company incurred COVID-19-related costs totaling $114.3 million in 2020, which equates to $3.10 per diluted share[269] Pension and Employee Benefits - The Company’s self-insurance reserves were $9.7 million as of January 28, 2023, down from $11.4 million as of January 29, 2022[144] - The projected benefit obligation for pension plans was $12.223 million at the end of 2022, up from $10.334 million in 2021[151] - The Company’s defined contribution 401(k) plan expenses were $4.6 million in 2022, down from $5.5 million in 2021[158] - The Company’s funding policy for pension plans is to make the minimum annual contributions required by applicable regulations, ensuring compliance with regulatory standards[171] Strategic Initiatives - The company is exposed to foreign currency exchange risks and may enter into hedging transactions to mitigate these risks[70] - The Company has options in approximately 35% of its leases to extend the lease term, reflecting strategic flexibility in its real estate commitments[192] - The Company continues to enhance its digital technology and e-commerce platform to improve customer experience[251] - The Company acquired Allen Edmonds in 2016 to strengthen its position in the men's footwear market, with products priced between $245 and $495[213]