Welcome to our dedicated page for Caleres news (Ticker: CAL), a resource for investors and traders seeking the latest updates and insights on Caleres stock.
Caleres Inc (NYSE: CAL) is a leading footwear company operating through its Famous Footwear retail division and diversified brand portfolio. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market positioning.
Our curated collection features official press releases and verified news covering earnings announcements, strategic partnerships, leadership changes, and product innovations. Users gain access to critical information about retail operations, wholesale developments, and corporate governance matters shaping Caleres' position in the global footwear market.
The resource is particularly valuable for tracking updates across Caleres' dual business model - from consumer-facing retail initiatives to brand portfolio management. Regular updates include quarterly financial disclosures, expansion announcements, and sustainability efforts within the footwear industry.
Bookmark this page for streamlined access to Caleres' latest material developments. Check back frequently for authoritative reporting on operational milestones affecting one of North America's most established footwear enterprises.
Caleres (NYSE: CAL) reported Q4 2024 financial results with sales of $639.2 million, down 8.3% year-over-year, and full-year sales of $2.72 billion, down 3.4%. The company posted Q4 earnings per diluted share of $0.15 and adjusted EPS of $0.33, while full-year EPS was $3.09 with adjusted EPS of $3.30.
Key highlights include:
- Famous Footwear segment saw Q4 net sales decrease 9.6% with comparable sales down 2.9%
- Brand Portfolio segment experienced a 7.2% Q4 net sales decline
- Direct-to-consumer sales represented 73% of total net sales
- Company returned $74.7 million to shareholders through dividends and share repurchases in fiscal 2024
Looking ahead, Caleres expects fiscal 2025 consolidated net sales to range between -1% to +1% compared to 2024, with projected earnings per diluted share of $2.80 to $3.20. The guidance excludes the planned Stuart Weitzman acquisition, expected to close in summer 2025.
Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.07 per share. The dividend will be paid on April 11, 2025, to shareholders of record as of March 27, 2025.
Notably, the company has maintained a consistent track record of paying consecutive quarterly dividends for more than 100 years, demonstrating long-term financial stability and commitment to shareholder returns.
Caleres (NYSE: CAL), a market-leading footwear brands portfolio company, has rescheduled its fourth quarter and year-end 2024 financial results announcement to March 20, 2025, before market open. The release was originally planned for March 19 but was moved to accommodate leadership's attendance at Nordstrom's Partners in Excellence Award event.
A conference call will follow at 10 a.m. Eastern Time, where executives will discuss results and provide business updates. Participants can join via phone (North America: 877-704-4453; International: 201-389-0920) or through the company's Investors page webcast. A replay will be available until April 3, 2025, using pin 13751796.
Tapestry Inc. (NYSE: TPR) has announced the sale of its Stuart Weitzman brand to Caleres (NYSE: CAL) for $105 million in cash, subject to customary adjustments. The transaction is expected to close in summer 2025.
This strategic move allows Tapestry to focus on its largest value creation opportunities, particularly sustaining Coach's leadership and reinvigorating Kate Spade. For Caleres, Stuart Weitzman will become a lead brand, advancing their strategic agenda to grow their Brand Portfolio segment with more global and direct-to-consumer reach. Post-integration, the Brand Portfolio segment is expected to generate nearly half of Caleres' total revenue and over half of their operating profit.
Caleres (NYSE: CAL) has announced a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. for $105 million. The acquisition aims to strengthen Caleres' position in women's fashion footwear, particularly in the contemporary market segment.
The deal is expected to close in summer 2025, with Caleres funding the acquisition through its revolving credit agreement. Post-acquisition, the Brand Portfolio segment will generate nearly half of Caleres' total revenue and over half of its operating profit. The company expects to operate Stuart Weitzman profitably after integration.
BofA Securities and BCLP are serving as Caleres's financial and legal advisors respectively. Caleres also confirmed its expectations to report consolidated net sales and earnings per diluted share in line with its most recent guidance for the year ending February 1, 2025.
Caleres (NYSE: CAL) and Favorite Daughter have announced an exclusive license agreement for Favorite Daughter's first shoe line, launching in Fall 2025. The partnership follows a collaboration between Caleres' Dr. Scholl's brand and Favorite Daughter scheduled for May 2025.
The collection will feature a curated assortment including loafers, quilted sneakers, ballets, pumps, and boots, with prices ranging from $195 to $495. The shoes will be available at FavoriteDaughter.com, Favorite Daughter stores, and select department stores. The line will incorporate athletic-grade foam cushioning in dress shoes and will be crafted using premium materials like soft nappas, exotic leathers, satins, velvets, and suedes.
This partnership represents Caleres' strategy to expand its portfolio with contemporary fashion brands, while helping Favorite Daughter broaden its reach into the footwear category.
Caleres (NYSE: CAL) has appointed Brian Costello as the new Chief Merchandising Officer for Famous Footwear. In this role, Costello will oversee all buying and merchandising operations for women's, men's and kids' athletic and fashion footwear and accessories across U.S. and Canada stores and e-commerce platforms.
Costello brings nearly 30 years of fashion industry experience, primarily from Nordstrom and Macy's. His expertise includes leadership roles in footwear categories, women's accessories, and ready-to-wear at Nordstrom Rack, as well as managing significant portions of Nordstrom's women's shoe business and contributing to the launch of nordstromrack.com.
Caleres (NYSE: CAL) has updated its financial outlook for fiscal year 2024, projecting lower-than-expected results due to softened sales trends in mid-December and January, including weather-related closures at Famous Footwear. The company now forecasts:
- Consolidated net sales decline of 3.0% to 3.5%
- Diluted earnings per share between $3.10 and $3.20
- Adjusted diluted earnings per share between $3.20 and $3.30
CEO Jay Schmidt acknowledged that despite initial positive momentum in the athletic business at Famous Footwear during the holiday period, performance fell below expectations. The company remains focused on creating value for shareholders through exceptional products and experiences while maintaining strict cost management for 2025.
Caleres (NYSE: CAL) has announced its participation in the upcoming ICR Conference 2025 in Orlando, Florida, starting January 13, 2025. The company's executive leadership, including Jay Schmidt, president and CEO, and Jack Calandra, senior vice president and CFO, will conduct a fireside chat on January 14 at 10:30 a.m. EST.
The fireside chat will be accessible via live webcast through the Investors section of the Caleres website. An archive of the presentation will be made available on the company's website following the event for those unable to attend or watch live.
Caleres (NYSE: CAL), a market-leading footwear brands portfolio company, has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.07 per share. The dividend will be paid on January 10, 2025, to shareholders of record as of December 27, 2024. The company highlighted its remarkable track record of paying consecutive quarterly dividends for more than 100 years.
