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.
News and disclosures about Caleres Inc (NYSE: CAL) focus on its role as a portfolio of consumer-driven and global footwear brands and on developments across its Famous Footwear and Brand Portfolio segments. Company press releases regularly describe Caleres as managing brands such as Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, and Vionic, with products available in nearly 1,000 company-operated retail stores, in hundreds of department and specialty stores, on branded e-commerce sites, and on third-party retail platforms.
Investors following CAL news will find quarterly earnings announcements that detail net sales, segment performance for Famous Footwear and Brand Portfolio, direct-to-consumer trends, gross margin dynamics, and the impact of factors such as tariffs and restructuring costs. These releases also discuss non-GAAP measures that management uses to highlight underlying business trends, as well as updates on inventory, liquidity, and borrowing under the company’s revolving credit facility.
Caleres news flow also includes dividend declarations, where the company notes that it has paid consecutive quarterly dividends for over a century, and capital structure updates such as amendments to its credit agreement. In addition, brand-level announcements from Stuart Weitzman New York, a lead brand in the Caleres portfolio, highlight new campaigns, collections, and ambassadors, illustrating how Caleres supports luxury and fashion-focused footwear within its broader portfolio.
For readers tracking CAL, this news stream provides insight into financial performance, portfolio evolution, acquisitions such as Stuart Weitzman, and marketing activity across key brands. Bookmarking this page allows for ongoing access to company earnings releases, dividend announcements, capital markets events, and brand campaigns that shape the Caleres investment and brand story over time.
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 $2.97 billion, a 7% increase from 2021. The earnings per diluted share is expected to range between $4.86 and $4.92, above previous forecasts. The company also reduced inventory by 3%, contrary to earlier predictions of a mid-single-digit rise. Caleres paid a dividend, marking 100 years of consistent payments, and successfully decreased revolver borrowings by $57 million, ending the year with around $308 million borrowed. A conference call is scheduled for March 14 to discuss these results.
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.
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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.
Caleres (NYSE: CAL) will release its third quarter 2022 financial results on November 22, before market opening. A conference call led by company executives is scheduled for 10:00 a.m. Eastern time on the same day to discuss results and provide a business update. North American participants can join by calling (877) 704-4453 or (201) 389-0920 for international callers. A replay will be available until December 6, 2022.