Caleres Inc Stock Price, News & Analysis

Caleres (NYSE: CAL) will release its Q1 2022 financial results on May 24, 2022, after market close. A financial analyst conference call is scheduled for 5:00 p.m. Eastern time the same day, where executives will discuss quarterly results and business updates. Analysts can join via phone or listen online through the company’s investor website. Replay options will be available for those unable to attend the live call. Caleres has a diverse portfolio of footwear brands available across various retail channels.

Allen Edmonds celebrates its 100th anniversary this month, marking a century of craftsmanship within the Caleres portfolio (NYSE: CAL). Founded in 1922, the brand remains committed to producing premium footwear in the U.S., emphasizing artisan shoemaking and sustainability. Notably, they have restored over a million pairs of shoes via a recrafting initiative. The brand commemorates its legacy by commissioning photographer Billy Kidd to document 100 individuals wearing the iconic Park Avenue shoes in a cultural portrait series, symbolizing the brand's enduring relevance in American fashion.

GANNI, a Danish affordable luxury fashion brand, has partnered with Dr. Scholl’s Shoes to launch a new line featuring the iconic wooden sandal. The collection includes five styles in GANNI prints, debuting in early May, available on both brands' websites and select stores. Highlighting sustainability, the sandals are made from 100% certified organic cotton and feature a rubber sole with Forest Stewardship Council certified wood. This collaboration aims to enhance supply chain transparency and represents Dr. Scholl's most responsible partnership to date, retailing at $215 each.

Caleres (NYSE: CAL) has announced a $1 million donation to Soles4Souls to support homeless children through the 4EveryKid program. The donation, spanning two years, includes $500,000 in cash and $500,000 in product donations. This initiative aims to provide athletic shoes for over 17,000 homeless kids in the greater St. Louis area just in time for the school year. A checkout round-up campaign will also be available during September through Caleres brands to further support the cause.

Naturalizer and designer Tracy Reese have launched the "Hope for Flowers" sustainable footwear collection, showcasing eight vibrant styles. Priced between $110 and $148, the collection aims to promote creativity and support art education through scholarships at the College for Creative Studies in Detroit. Additionally, a portion of proceeds benefits Nest, a non-profit enhancing the artisan economy. The initiative aligns with Naturalizer's commitment to sustainability, featuring eco-conscious materials and practices, and reflects a shared mission for positive community impact.

Rykä has partnered with Chanel Miller to launch the Courage Sneaker, a limited-edition athletic shoe featuring original illustrations by Miller. This initiative supports Futures Without Violence and its upcoming Courage Museum. Rykä will donate $25,000 from sales to the organization, which focuses on preventing gender-based violence. The sneaker embodies messages of courage and self-acceptance, with proceeds aimed at fostering awareness and change. Available exclusively on Rykä's website, it honors women's empowerment and community support.

On March 24, 2022, Angela Caltagirone, SVP and GM of Vionic, was recognized by Dress for Success for her role as a corporate partner and mentor in the 'Your Hour, Her Power' campaign. This initiative supports women disproportionately affected by the COVID-19 pandemic. Vionic has a long-standing relationship with Dress for Success, providing event sponsorship and donations. The campaign encourages contributions to help women achieve economic independence through access to essential programs and tools. Caltagirone emphasizes her commitment to mentoring and supporting women's careers.

Caleres (NYSE: CAL) reported record annual operating earnings and margins for fiscal year 2021, with adjusted EPS nearly doubling the previous record. The fourth quarter saw net sales of $679.3 million, up 19.0% year-over-year. The company generated $168.4 million in cash from operations and reduced total debt from $448.9 million to $290 million. Caleres authorized an additional 7 million shares for repurchase. For fiscal 2022, the company expects EPS between $3.75 and $4.00, reflecting strong momentum despite inflationary pressures and supply chain challenges.