Caleres Inc Stock Price, News & Analysis

Vionic has launched its new recovery sandals, Rejuvenate and Restore, designed for optimal comfort post-activity. These sandals feature dual density cushioning and Three-Zone Comfort technology for enhanced arch support and stability. Available in multiple colors and styles, they aim to alleviate foot pain and promote natural alignment. The sandals are recommended by podiatrist Jacqueline Sutera as essential for recovery after sports or surgery. Vionic, part of Caleres (NYSE: CAL), focuses on merging fashion with foot health.

Caleres reported record first quarter net sales of $735.1 million, reflecting a 15.1% year-over-year increase. The company's gross profit margin reached 44.5%, with net earnings of $50.5 million or $1.32 per diluted share. Despite a 3.4% sales decline in the Famous Footwear segment, the Brand Portfolio segment saw a 46.1% sales increase. The company raised its fiscal year 2022 sales and earnings guidance, anticipating a 2-5% increase in sales and earnings per share of $4.20 to $4.40.

Rykä has launched its first collection of performance maternity shoes, the XpectFit, targeting expectant mothers. This collection features sneakers designed with a focus on comfort, including a wider forefoot and narrower heel for stability. With options for training, walking, and casual use, each shoe includes a massaging OrthoLite® insole and is machine-washable. The launch is timely, coinciding with the COVID-19 baby boom, and reflects Rykä's commitment to creating shoes for women, by women. The collection is available on various retail platforms, including Ryka.com and Famousfootwear.com.

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.