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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.
Vionic has partnered with St. Jude Children's Research Hospital and the PNOC Foundation for the second consecutive year to raise awareness and funds for pediatric cancer research during September. The initiative aims to support families battling cancer by donating 100% of checkout contributions to both organizations. In 2021, approximately 10,500 children in the U.S. are expected to be diagnosed with cancer, highlighting the importance of further funding. Vionic co-founder Bruce Campbell emphasizes the critical need for support for pediatric cancer research.
Caleres reported strong Q2 2021 results, achieving record earnings with net sales of $675.5 million, up 34.7% year-over-year. The Famous Footwear segment led the growth with a 35.8% sales increase. Gross profit reached $322.3 million, marking a gross margin of 47.7%, an 11 percentage point improvement from Q2 2020. The company paid down an additional $100 million in debt, totaling $340 million since early 2020. Looking ahead, Caleres expects adjusted EPS of $3.25 to $3.50 for FY 2021, despite ongoing macroeconomic challenges.
Sam Edelman has launched its first Eau de Parfum, Signature by Sam Edelman, inspired by the brand's elegance and aspirational style. Developed with fragrance designer Raymond Matts and Firmenich's Frank Voelkl, the scent embodies empowerment and sophistication. The artisanal bottle design reflects the brand's whimsical style, resembling a shoe heel. Available in select boutiques and Macy's, it retails between $68 and $100 starting September 15. This launch enhances Sam Edelman's Lifestyle collection under Caleres, expanding its market presence.
Caleres has declared a regular quarterly cash dividend of $0.07 per share, set to be paid on October 1, 2021, to shareholders of record as of September 10, 2021. This marks the 394th consecutive quarterly dividend for the company, highlighting its commitment to returning value to shareholders. Caleres is known for its diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, positioning itself as a dynamic player in the global footwear market.
Tracy Reese, designer and founder of Hope For Flowers, announces a collaboration with Naturalizer to launch a sustainable capsule collection aimed at promoting mindful fashion choices. Set to debut in March 2022, the collection features nine styles with eco-conscious materials and vibrant designs, donating proceeds to Nest, a nonprofit supporting artisan economies. Reese emphasizes the collection's focus on joy and self-expression while aligning with Naturalizer's commitment to sustainability. The partnership reflects shared values of equality and environmental responsibility.
Caleres (NYSE: CAL) plans to release its second quarter 2021 financial results on August 31, 2021, after market close. A financial analyst conference call will be hosted at 5:00 p.m. Eastern time to discuss quarterly results and general business updates. Analysts can join via specific dial-in numbers, and the public can listen through the investor section of the Caleres website. A replay will be available until September 14, 2021.
Caleres is home to various popular footwear brands, including Famous Footwear, Sam Edelman, and Dr. Scholl’s Shoes, aiming to meet diverse consumer needs.
Caleres (NYSE: CAL) has announced the appointment of Jennifer "Jenny" Olsen as the new Chief Marketing Officer, effective June 28. Olsen will oversee brand marketing, consumer analytics, media, and creative strategies. Diane Sullivan, Chairman and CEO, highlighted Olsen's extensive marketing experience and her role in driving revenue and brand growth. Previously CMO at UNTUCKit and with notable roles at StitchFix and Yahoo!, Olsen aims to leverage her direct-to-consumer expertise to enhance Caleres' brand reach and accelerate digital growth.
Caleres (NYSE: CAL) reported strong financial results for Q1 2021, with net sales reaching $638.6 million, up 60.8% from Q1 2020. Notably, Famous Footwear segment sales soared 108.2%, contributing to record earnings. The company reduced total debt by approximately $240 million since March 2020 and generated $70.4 million in cash from operations. Adjusted earnings per share stood at $0.60 compared to a loss of $1.30 in the prior year. Forward-looking, Caleres projects Q2 sales between $625 million and $650 million and plans to continue leveraging its direct-to-consumer model.
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