Core Insights - Analysts project Caleres Inc. (CAL) will report quarterly earnings of $0.86 per share, reflecting an 11.3% decline year over year, with revenues expected to reach $665.45 million, a 0.4% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 2.3% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Key Metrics Projections - Consensus estimate for 'Net Sales- Famous Footwear' is $347.26 million, indicating a -0.5% change from the previous year [5]. - 'Net Sales- Brand Portfolio' is projected to reach $332.86 million, reflecting a year-over-year increase of 2.3% [5]. - Analysts estimate 'Gross profit / (loss)- Brand Portfolio' at $148.19 million, compared to $143.86 million reported in the same quarter last year [5]. - 'Gross profit / (loss)- Famous Footwear' is expected to be $158.43 million, slightly down from $159.13 million a year ago [6]. Stock Performance - Shares of Caleres Inc. have decreased by 0.6% over the past month, contrasting with a 4% increase in the Zacks S&P 500 composite [6].

Financial Performance - The aggregate market value of the stock held by non-affiliates was approximately $892.2 million as of July 28, 2023[13]. - The backlog of unfilled wholesale orders as of February 3, 2024, was approximately $234.5 million, down from $284.6 million in January 2023[68]. - The company spent approximately $74.3 million on advertising and marketing support for the Brand Portfolio segment in 2023[63]. - The company spent approximately $59.0 million on advertising and marketing for Famous Footwear in 2023[30]. - The company anticipates that the retail store count in 2024 will be approximately flat compared to the ending store count for 2023[28]. Store Operations - The Famous Footwear segment operated 860 stores at the end of 2023, selling primarily branded footwear for the entire family[20]. - The total number of Famous Footwear stores decreased from 894 in 2021 to 860 in 2023[33]. - The company operated 57 Allen Edmonds stores in the U.S. at the end of 2023, with plans to open six new stores and close four in 2024[61]. - The company operates 62 retail stores in the United States and 36 stores in East Asia under the Brand Portfolio segment[20]. - New stores typically reach a normal level of profitability within approximately four years of operation[28]. Product Sales and Categories - Women's footwear accounted for 61% of net sales in 2023, while men's footwear represented 21%[21]. - The Brand Portfolio segment sold approximately 35.2 million pairs of shoes on a wholesale basis during 2023[50]. - The Famous Footwear segment's company-owned and licensed products represent approximately 5% of its net sales[23]. - The Famous Footwear e-commerce platform fulfills approximately two-thirds of all e-commerce orders not picked up in-store[25]. - The retail price points for Famous Footwear typically range from $20 for shoes to $300 for boots[23]. Sourcing and Inventory - The sourcing operations sourced approximately 34.9 million pairs of shoes in 2023, primarily from 62 manufacturers across 118 facilities[66]. - Approximately 20% of inventory receipts were sourced through speed programs during 2023, with expectations for continued growth in 2024[58]. Marketing and Advertising - In 2023, the company spent approximately $59.0 million on advertising and marketing for Famous Footwear[30]. - The company spent approximately $74.3 million on advertising and marketing support for the Brand Portfolio segment in 2023[63]. Employee and Corporate Governance - As of February 3, 2024, the company had approximately 9,200 employees, including 5,100 full-time and 4,100 part-time[72]. - The company's compensation programs are designed to encourage superior performance and drive long-term shareholder value, offering competitive salaries, comprehensive health insurance, and retirement plans[73]. - The Diversity, Equity and Inclusion Council aims to enhance awareness and recruit diverse talent, with 55% of the Board of Directors being female and 18% racially or ethnically diverse[75]. - The company has a strong executive team, with key positions held by experienced professionals in finance, sourcing, and technology[96][97][98]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to ambitious ESG targets, focusing on sustainable materials and supply chain labor standards, with a goal to achieve identified targets by 2025[77]. - The company emphasizes its commitment to Environmental, Social, and Governance (ESG) initiatives, aiming to achieve identified target goals by 2025[77]. - The company has been recognized on Newsweek's Most Responsible Companies list for its ESG strategy and progress towards sustainable products and practices[77]. - The company plans to publish another ESG report in spring 2024, detailing progress on sustainability goals[78]. Market Conditions and Competition - The business is seasonal, with higher sales during back-to-school and holiday seasons, although earnings distribution has become more balanced across quarters in recent years[82]. - The company faces competition from various retail formats, including e-commerce, requiring improvements in shipping costs and speeds[80]. - Economic uncertainties, including inflation and geopolitical tensions, may impact consumer spending and demand for the company's products[93]. - The company’s supply chain is heavily reliant on China, making it vulnerable to negative developments in U.S.-China relations[95]. - The wholesale footwear business has low barriers to entry, intensifying competition from various footwear suppliers[81].

Caleres Inc. (CAL) reported $697.12 million in revenue for the quarter ended January 2024, representing a year- over-year increase of 0.1%. EPS of $0.86 for the same period compares to $0.65 a year ago. The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $697.31 million. With the consensus EPS estimate being $0.86, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Caleres Inc. (CAL) came out with quarterly earnings of $0.86 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this footwear wholesaler and retailer would post earnings of $1.28 per share when it actually produced earnings of $1.37, delivering a surprise of 7.03%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Caleres I ...

Financial Performance - Fourth quarter earnings per share reached $1.57, with adjusted earnings per share of $0.86, reflecting a 32% year-over-year increase[2] - For fiscal 2023, net sales totaled $2.82 billion, down 5.1% from fiscal 2022, with Famous Footwear segment net sales declining 5.6%[7] - Fiscal 2023 adjusted net earnings were $149.3 million, or adjusted earnings per diluted share of $4.18, compared to $167.1 million or $4.52 in fiscal 2022[7] - Fiscal 2024 net sales are expected to be flat to up 2% compared to fiscal 2023, with earnings per diluted share projected between $4.30 and $4.60[13] - The company reported net earnings attributable to Caleres, Inc. of $55,808 thousand for the 14 weeks ended February 3, 2024, compared to $40,808 thousand in the prior year[42] - Adjusted net earnings attributable to Caleres, Inc. for the fourteen weeks ended February 3, 2024, were $30,751 thousand, compared to $23,434 thousand for the same period in 2023, representing a 31.4% increase[47] Sales and Revenue - The Brand Portfolio segment achieved a 4.5% increase in year-over-year net sales and delivered record annual adjusted operating earnings exceeding $148 million[3] - Direct-to-consumer sales represented approximately 74% of total net sales in Q4 2023[6] - For the 14 weeks ended February 3, 2024, consolidated net sales were $697,123 thousand, a slight increase from $696,434 thousand for the 13 weeks ended January 28, 2023[35] - For the 53 weeks ended February 3, 2024, net sales totaled $2,817,294 thousand, down from $2,968,138 thousand in the previous year[38] Profitability - Gross profit increased to $305,728 for the fourteen weeks ended February 3, 2024, from $281,188 for the thirteen weeks ended January 28, 2023, representing a growth of 8.7%[23] - Operating earnings rose to $30,747 for the fourteen weeks ended February 3, 2024, compared to $25,865 for the same period last year, marking an increase of 18.5%[23] - The adjusted operating earnings for the 53 weeks ended February 3, 2024, were $200,558 thousand, with an adjusted operating margin of 6.9%[39] - The gross profit for the 53 weeks ended February 3, 2024, was $1,262,957 thousand, with a gross margin of 44.8%[38] Expenses and Liabilities - The company reduced revolver borrowings by $40 million in Q4 2023 and over $125 million from fiscal 2022, ending fiscal 2023 with $182 million in borrowings[9][10] - Total current assets decreased to $788,909 as of February 3, 2024, from $831,455 as of January 28, 2023, a decline of 5.1%[24] - Total liabilities decreased to $1,237,176 as of February 3, 2024, from $1,362,359 as of January 28, 2023, a reduction of 9.2%[24] - The company reported a net cash used for financing activities of $162,993 for the fifty-three weeks ended February 3, 2024, compared to $58,154 for the previous year, indicating increased cash outflows[25] Future Outlook - The company anticipates a consolidated operating margin of 7.3% to 7.5% for fiscal 2024[14] - Capital expenditures for fiscal 2024 are expected to be between $60 million and $70 million[14] - The company plans to continue its market expansion and product development strategies to enhance future performance[35] Earnings Metrics - Basic earnings per share attributable to Caleres, Inc. shareholders increased to $1.57 for the fourteen weeks ended February 3, 2024, compared to $1.14 for the same period last year, a rise of 38.0%[23] - Diluted earnings per common share attributable to Caleres, Inc. shareholders for the fourteen weeks ended February 3, 2024, were $1.57, up from $1.13 in the prior year, reflecting a 39% increase[49] - Basic adjusted earnings per common share attributable to Caleres, Inc. shareholders for the fourteen weeks ended February 3, 2024, were $0.87, up from $0.66 in the same period of 2023[49] - The diluted adjusted earnings per common share attributable to Caleres, Inc. shareholders for the fourteen weeks ended February 3, 2024, were $0.86, compared to $0.65 for the same period in 2023[49] Cash Flow and Liquidity - Net cash provided by operating activities for the fifty-three weeks ended February 3, 2024, was $200,151, compared to $125,879 for the fifty-two weeks ended January 28, 2023, an increase of 58.8%[25] - Total liquidity, including cash and cash equivalents and availability under the revolving credit agreement, was $329.9 million as of February 3, 2024, compared to $215.6 million a year earlier[53] - The debt/EBITDA leverage ratio improved to 0.7 as of February 3, 2024, compared to 1.1 as of January 28, 2023[53]

ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that Liz Dunn has joined the company as senior vice president of corporate development and strategic communications. In this newly created role, Dunn will leverage her nearly 30 years’ experience spanning equity research, investment banking, consulting, and finance to ensure Caleres aligns its growth ambitions and strategic communications with delivering shareholder value. Dunn ...

ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on April 12, 2024, to shareholders of record as of March 28, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Ed ...

Wall Street analysts forecast that Caleres Inc. (CAL) will report quarterly earnings of $0.86 per share in its upcoming release, pointing to a year-over-year increase of 32.3%. It is anticipated that revenues will amount to $694.29 million, exhibiting a decline of 0.3% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pro ...

An error has occurred. This portlet is unavailable at this time. ...

NEW YORK--(BUSINESS WIRE)--Sam Edelman, the contemporary lifestyle brand celebrated for its iconic footwear and a lead brand in the Caleres (NYSE: CAL) portfolio, unveils its Spring/Summer 2024 campaign featuring Kylie Jenner. This seminal campaign marks the start of the Sam Edelman brand’s 20th anniversary celebration taking place throughout the year. Sam and his co-founder, muse, and wife, Libby Edelman’s visionary spirit is captured in a series of profound images of Kylie as we’ve never seen her befor ...