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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) 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.
Caleres reported record quarterly earnings for Q3 2021, achieving net sales of $784.2 million, a 21.1% increase from the previous year. The Famous Footwear segment surged 26.3%, while gross profit rose to $335.4 million with a gross margin of 42.8%. Net income reached $59.6 million, or $1.54 per share, compared to $14.4 million a year prior. The company raised its fiscal guidance for adjusted EPS to $3.80-$3.90. Caleres also made strides in improving its balance sheet, reducing debt, and enhancing cash flow with $74.8 million on hand.
Caleres has been recognized for achieving gender parity on its board, with 60% female representation. Honored at the Women’s Forum of New York’s annual event, Caleres was one of only 44 companies to reach this milestone out of over 240 attendees. The company has made significant progress since 2016 when it had only 40% female board members. This recognition underscores Caleres' commitment to diversity and inclusion, reflecting the demographics of its consumer base.
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