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 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.
Caleres (NYSE: CAL) will release its first quarter 2021 financial results on May 28, 2021, before the market opens. A conference call for financial analysts is scheduled for 10:00 a.m. Eastern time on the same day, with details available via the investor section of the company's website. The call will provide insights into the quarterly results and general business updates. A replay will be accessible until June 10, 2021. Known for renowned footwear brands, Caleres focuses on consumer insights to drive innovation and design.
