Caleres Inc Stock Price, News & Analysis

Caleres (NYSE: CAL) has declared its quarterly cash dividend of $0.07 per share, payable on April 8, 2022, to shareholders on record as of March 24, 2022. This marks the 396th consecutive quarterly dividend paid by the company, reflecting its commitment to returning value to shareholders. Caleres operates a diverse portfolio of global footwear brands, with products available in nearly 1,000 retail locations and online, including Famous Footwear, Sam Edelman, and Naturalizer.

Caleres (NYSE: CAL) will release its fiscal fourth quarter and year-end financial results on March 15, 2022, after market close. Following the announcement, company executives will host a financial analyst conference call at 5:00 p.m. Eastern time to discuss results and provide a business update. Analysts can join by dialing (877) 217-9089 for North America or (706) 679-1723 internationally. A replay will be available until March 28, 2022. For details, visit Caleres Investor Relations.

Caleres (NYSE: CAL) has improved its earnings per share guidance for the fiscal year ending January 29, 2022, projecting EPS of $3.29 to $3.39 and adjusted EPS between $4.00 and $4.10. CEO Diane Sullivan highlighted positive momentum throughout the business and commended the efforts of associates to capitalize on market opportunities. The company plans to provide further updates during its fourth quarter report in March 2022. It will also participate in the ICR Conference on January 11, 2022, to discuss its outlook.

Caleres (NYSE: CAL) announced that its management team will participate in the virtual 2022 ICR Conference. CEO Diane Sullivan will host a fireside chat on Tuesday, January 11, at 4:00 p.m. Eastern Time and will hold meetings with institutional investors and analysts. The chat will be live-streamed on the company’s Investor Relations page, with an archive available post-event. Caleres is a global footwear brand portfolio with nearly 1,000 retail stores and multiple e-commerce platforms, including brands like Famous Footwear, Sam Edelman, and Naturalizer.

Caleres (NYSE: CAL) has declared a quarterly cash dividend of $0.07 per share, payable on January 6, 2022 to shareholders on record as of December 22, 2021. This dividend marks the 395th consecutive quarterly payment, showcasing the company's commitment to returning value to its shareholders. As a prominent player in the footwear industry, Caleres operates nearly 1,000 retail stores and boasts a diverse portfolio of global brands, reinforcing its mission to inspire customers with quality products.

Caleres (NYSE:CAL) has been recognized by Newsweek as one of America’s Most Responsible Companies for 2022, debuting at No. 68 overall and ranked 10th in the Consumer Goods category. This award highlights the company's commitment to corporate social responsibility (CSR), particularly in environmental, social, and corporate governance (ESG) initiatives. The recognition comes after the release of Caleres’ inaugural ESG report earlier this year.

Caleres reported record quarterly earnings for Q3 2021, achieving net sales of $784.2 million, a 21.1% increase from the previous year. The Famous Footwear segment surged 26.3%, while gross profit rose to $335.4 million with a gross margin of 42.8%. Net income reached $59.6 million, or $1.54 per share, compared to $14.4 million a year prior. The company raised its fiscal guidance for adjusted EPS to $3.80-$3.90. Caleres also made strides in improving its balance sheet, reducing debt, and enhancing cash flow with $74.8 million on hand.