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 globally recognized footwear company with a rich heritage dating back over a century. Caleres is committed to providing high-quality footwear that fits people’s lives, catering to individuals of all ages and lifestyles. The company boasts a diverse portfolio of well-known brands including Naturalizer, LifeStride, Ryka, Dr. Scholl’s, Sam Edelman, Via Spiga, Diane Von Furstenberg, Vince, Franco Sarto, Carlos by Carlos Santana, and Fergie Footwear. These brands are accessible through more than 1,200 retail stores under the banners of Famous Footwear and Naturalizer, as well as through various online platforms.
Caleres operates through two main segments: Famous Footwear and Brand Portfolio. The Famous Footwear segment includes retail stores and online sales channels like famousfootwear.com and famousfootwear.ca. The Brand Portfolio segment focuses on wholesale operations, designing, developing, sourcing, manufacturing, marketing, and distributing branded, licensed, and private-label footwear to a wide array of retailers including national chains, department stores, mass merchandisers, independent retailers, and Caleres’ own Famous Footwear, Sam Edelman, Naturalizer, and Allen Edmonds stores and e-commerce sites.
Employing a team driven by a passion for innovation and a commitment to excellence, Caleres aims to inspire people to feel good from their feet up. The company’s mission is to foster a collaborative work environment where creativity flourishes just as it does in a start-up, despite being a $2.6 billion enterprise.
Recent Achievements and Projects: Caleres has recently focused on expanding its digital footprint, enhancing customer experience through improved e-commerce platforms, and strengthening its brand presence globally. The company has also ventured into sustainable practices, ensuring their operations are environmentally friendly.
Financial Condition: As of the latest reports, Caleres remains financially robust, showcasing steady revenue growth and a commitment to shareholder value. The company continues to optimize its operations to improve profitability and maintain its competitive edge in the market.Partnerships and Collaborations: Caleres collaborates with various retailers and online platforms to broaden its market reach and ensure that its diverse portfolio of footwear brands is accessible to a global audience. These partnerships play a crucial role in reinforcing Caleres’ position as a leading footwear company.
Caleres (NYSE: CAL) reported record annual operating earnings and margins for fiscal year 2021, with adjusted EPS nearly doubling the previous record. The fourth quarter saw net sales of $679.3 million, up 19.0% year-over-year. The company generated $168.4 million in cash from operations and reduced total debt from $448.9 million to $290 million. Caleres authorized an additional 7 million shares for repurchase. For fiscal 2022, the company expects EPS between $3.75 and $4.00, reflecting strong momentum despite inflationary pressures and supply chain challenges.
Caleres (NYSE: CAL) has elected Bruce Thorn to its board of directors. Thorn, currently the President and CEO of Big Lots, has driven over 17% sales growth and 35% EPS growth in the past three years. His extensive experience in retail includes leadership roles at Tailored Brands and PetSmart, where he gained skills in merchandising and supply chain management. Chairman Diane Sullivan emphasizes Thorn's valuable expertise and diverse skill set as a significant addition to Caleres' board.
Caleres (NYSE: CAL) has declared its quarterly cash dividend of $0.07 per share, payable on April 8, 2022, to shareholders on record as of March 24, 2022. This marks the 396th consecutive quarterly dividend paid by the company, reflecting its commitment to returning value to shareholders. Caleres operates a diverse portfolio of global footwear brands, with products available in nearly 1,000 retail locations and online, including Famous Footwear, Sam Edelman, and Naturalizer.
Caleres (NYSE: CAL) will release its fiscal fourth quarter and year-end financial results on March 15, 2022, after market close. Following the announcement, company executives will host a financial analyst conference call at 5:00 p.m. Eastern time to discuss results and provide a business update. Analysts can join by dialing (877) 217-9089 for North America or (706) 679-1723 internationally. A replay will be available until March 28, 2022. For details, visit Caleres Investor Relations.
Caleres (NYSE: CAL) has improved its earnings per share guidance for the fiscal year ending January 29, 2022, projecting EPS of $3.29 to $3.39 and adjusted EPS between $4.00 and $4.10. CEO Diane Sullivan highlighted positive momentum throughout the business and commended the efforts of associates to capitalize on market opportunities. The company plans to provide further updates during its fourth quarter report in March 2022. It will also participate in the ICR Conference on January 11, 2022, to discuss its outlook.
Caleres (NYSE: CAL) announced that its management team will participate in the virtual 2022 ICR Conference. CEO Diane Sullivan will host a fireside chat on Tuesday, January 11, at 4:00 p.m. Eastern Time and will hold meetings with institutional investors and analysts. The chat will be live-streamed on the company’s Investor Relations page, with an archive available post-event. Caleres is a global footwear brand portfolio with nearly 1,000 retail stores and multiple e-commerce platforms, including brands like Famous Footwear, Sam Edelman, and Naturalizer.
Caleres (NYSE: CAL) has declared a quarterly cash dividend of $0.07 per share, payable on January 6, 2022 to shareholders on record as of December 22, 2021. This dividend marks the 395th consecutive quarterly payment, showcasing the company's commitment to returning value to its shareholders. As a prominent player in the footwear industry, Caleres operates nearly 1,000 retail stores and boasts a diverse portfolio of global brands, reinforcing its mission to inspire customers with quality products.
Caleres (NYSE:CAL) has been recognized by Newsweek as one of America’s Most Responsible Companies for 2022, debuting at No. 68 overall and ranked 10th in the Consumer Goods category. This award highlights the company's commitment to corporate social responsibility (CSR), particularly in environmental, social, and corporate governance (ESG) initiatives. The recognition comes after the release of Caleres’ inaugural ESG report earlier this year.
FAQ
What is the current stock price of Caleres (CAL)?
What is the market cap of Caleres (CAL)?
What does Caleres Inc. do?
What brands are owned by Caleres Inc.?
How does Caleres Inc. organize its business segments?
Where can I buy Caleres' products?
What is Caleres Inc.'s mission?
How does Caleres Inc. ensure high-quality footwear?
What recent achievements has Caleres Inc. made?
Is Caleres Inc. financially stable?
What makes Caleres Inc. different from other footwear companies?
What partnerships does Caleres Inc. have?
