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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) announces a collaboration between its Dr. Scholl’s Shoes brand and denim label RE/DONE for a limited-edition footwear collection. This nostalgic capsule features the iconic Original Sandal, reimagined in five colorways, including black and red patent leather and upcycled denim. Each sandal boasts a handmade wood clog sole from sustainably sourced beechwood, emphasizing eco-conscious craftsmanship. Retailing at $295, the collection will be available starting March 7 at select stores and online. Designers from both brands highlight a vision of merging vintage aesthetics with modern style.
Caleres (NYSE:CAL) announces a collaboration between its brand Allen Edmonds and Raleigh Denim Workshop, marking the launch of the Legend Series Drop 02. This unique partnership emphasizes artistry, with 22 limited edition painted canvases designed by Victor Lytvinenko, priced at $1,295 each. These will be transformed into bespoke shoes. Additionally, a limited run of 200 pairs of Strand Denim Dahlia Oxfords will be available for $495. The exhibit will take place on March 2, 2023, at Allen Edmonds’ Rockefeller Plaza store in New York. This initiative aims to redefine classic footwear and promote craftsmanship in the fashion industry.
Caleres (NYSE: CAL) reported a strong fiscal year 2022, exceeding expectations with preliminary consolidated sales of approximately
Caleres (NYSE: CAL) reaffirmed its financial outlook for fiscal 2022, expecting consolidated sales to rise by 4-6% compared to 2021 and adjusted earnings per share between $4.30 and $4.40. The company is confident in achieving record earnings despite the challenging macroeconomic environment. President Jay Schmidt emphasized a focus on cost management and leveraging its portfolio of brands to enhance shareholder value in 2023. The company also plans to participate in the 25th Annual ICR Conference on January 9-10, 2023.
Caleres (NYSE: CAL) announced participation in the 25th Annual ICR Conference on January 9-10, 2023, in Orlando, Florida. Jay Schmidt, President and incoming CEO, along with CFO Jack Calandra, will host a fireside chat on January 9 at 10:30 a.m. Eastern Time. This event will also include meetings with investors and analysts. The fireside chat will be available via live webcast on the company’s investor relations website, with an archive to follow. Caleres boasts a diverse portfolio of footwear brands including Famous Footwear and Naturalizer, reflecting over 140 years of craftsmanship.
Caleres (NYSE: CAL) has declared a regular quarterly cash dividend of $0.07 per share, scheduled for payment on January 6, 2023, to shareholders on record as of December 22, 2022. This marks the company's 399th consecutive quarterly dividend, reflecting a strong commitment to returning value to shareholders. Caleres operates a diverse portfolio of authentic footwear brands, including Famous Footwear and Naturalizer, with products available across various retail channels.
Famous Footwear, a brand under Caleres (NYSE: CAL), is collaborating with Ticket to Dream Foundation this Giving Tuesday to support foster children across the U.S. Customers can donate in-store or online, helping provide gifts, laptops, and experiences to those in need. Since 2020, Famous Footwear has raised over $8.8 million for the foundation, with contributions this year including over 7,400 slippers, nearly 15,000 pairs of socks, and 4,800 pairs of Crocs. The initiative highlights Famous Footwear's community commitment and support for over 60,000 foster youth.
Caleres achieved record net sales of $798.3 million for Q3 2022, marking a 1.8% increase year-over-year. The company reported a net income of $39.2 million or $1.08 per diluted share. Significant improvements included a 15.8% decline in inventory from Q2 2022 and a robust gross margin of 42.6%. The company returned $24.1 million to shareholders through buybacks and dividends. For FY 2022, Caleres tightened its earnings outlook to an adjusted EPS range of $4.30 to $4.40, reinforcing its positive growth trajectory amidst economic challenges.
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