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]

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 ...

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 29, 2022 ☐ 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 ...

Financial Data and Key Metrics Changes - Caleres reported record quarterly sales of $798 million, nearly 2% higher than Q3 2021, with a 7.6% year-over-year increase from the brand portfolio segment [7][41] - Operating earnings reached $57 million, with earnings per share at $1.15, marking a significant increase compared to pre-pandemic levels [7][50] - Gross margin was 42.6%, reflecting a decrease in Famous gross margin but an increase in brand portfolio gross margin [41][42] Business Line Data and Key Metrics Changes - Famous Footwear sales declined 2.6%, with comparable sales down 0.8%, but maintained a double-digit operating margin of 12.3% [41][44] - The brand portfolio achieved a gross margin of 37.9%, a 490 basis point increase year-over-year, driven by higher wholesale prices and growth in direct-to-consumer sales [42][44] - Caleres brands performed well, with sales at Famous increasing 19% year-over-year, particularly in the kids' segment, which saw a 6% increase for the full quarter [21][25] Market Data and Key Metrics Changes - Caleres grew its total market share during the period, managing inventory effectively, ending nearly 16% lower than Q2 2022 [8][39] - The brand portfolio's e-commerce sales grew nearly 22%, with significant gains from brands like Sam Edelman and Naturalizer [29][30] - The company noted that the consumer environment remains challenging due to inflationary pressures, but Famous is well-positioned to compete [25][39] Company Strategy and Development Direction - The company is focused on delighting consumers, building relevant products, and enhancing consumer experiences, which are embedded in its strategic focus areas [9][10] - Investment in consumer marketing and experience is prioritized as essential for future growth [16] - The company plans to continue leveraging its brand-building expertise and digital commerce capabilities to drive long-term value [11][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering record earnings per share for the year despite macroeconomic uncertainties [39][52] - The transition in leadership is seen as a positive step, with confidence in the new CEO's ability to lead the company forward [12][40] - Management highlighted the importance of maintaining margins and managing expenses in light of potential sourcing deflation and increased promotional activity [66][67] Other Important Information - The company returned $24 million to shareholders through share repurchases and dividends during the quarter [8][48] - Inventory levels were managed effectively, with a 15.8% sequential decrease noted [46][47] - The company expects to generate significant cash flow in Q4 and plans to reduce revolver borrowing to increase liquidity [49] Q&A Session Summary Question: Trends in November compared to Q3 - Management noted that brand portfolio trends have continued to be strong, while Famous Footwear faced some challenges due to consumer stress and weather-related issues [55][56] Question: Order book and dropship performance - The dropship business has grown high double digits, now representing about 20% of total business, providing flexibility and maximizing inventory [61][62] Question: Inventory strategy and promotions - Management emphasized a focus on full-price selling and maintaining competitive positioning, with a significant portion of inventory being new [74][75] Question: Famous Footwear's comparable sales outlook - Management expects improvements in Famous Footwear's comparable sales as the balance between athletic and non-athletic categories is addressed [82][83] Question: Impact of weather on boot sales - Management indicated that while warm weather initially affected boot sales, there has been a rebound as conditions improved [89][90] Question: Margin sustainability and promotional environment - Management expressed confidence in maintaining operating margins due to structural changes and effective pricing strategies [102][103]

CALERES Third Quarter Earnings NOVEMBER 22, 2022 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) supply chain disruptions and inflationary pressures; (ii) the coronavirus pandemic a ...

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 July 30, 2022 ☐ 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 ...

Call Start: 17:00 January 1, 4536 ET Caleres, Inc. (NYSE:CAL) Q2 2022 Earnings Conference Call August 23, 2022, 05:00 PM ET Company Participants Logan Bonacorsi - VP, IR Diane Sullivan - Chairman and CEO Kenneth Hannah - SVP and CFO John Schmidt - President Conference Call Participants Dana Telsey - Telsey Advisory Group Laura Champine - Loop Capital Mitch Kummetz - Seaport Research Steve Marotta - C.L. King & Associates Operator Good afternoon, and welcome to the Caleres Second Quarter Earnings Conference ...

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 April 30, 2022 ☐ 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- ...

Caleres, Inc. (NYSE:CAL) Q1 2022 Earnings Conference Call May 24, 2022 5:00 PM ET Company Participants Logan Bonacorsi - VP, IR Diane Sullivan - Chairman & CEO Kenneth Hannah - SVP & CFO John Schmidt - President Conference Call Participants Laura Champine - Loop Capital Markets Dana Telsey - Telsey Advisory Group Steven Marotta - CL King & Associates Operator Good afternoon, and welcome to the Caleres First Quarter 2022 Earnings Call. My name is Jeff, and I'll be your conference coordinator. At this time a ...