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) announced that five of its brands were recognized in Newsweek’s Best Online Shops 2023. The honored brands include Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer, and Vionic. This recognition reflects Caleres’ focus on enhancing digital experiences. Impressively, Sam Edelman saw a nearly 60% increase in ecommerce sales, while Naturalizer surged by 50%. The awards are based on thorough evaluations and a survey of over 6,000 online shoppers. This acknowledgment is a testament to Caleres' strategic investments in its digital capabilities.
Famous Footwear partnered with the Ticket to Dream Foundation to assist over 20,000 foster youth for back-to-school preparations. The initiative raised $1.1M through customer donations, providing essentials like nearly 16,000 backpacks and over 300 laptops. Famous Footwear also hosted shopping sprees for over 250 foster children. Since 2020, the company has raised $8.2M, enhancing the lives of foster youth by offering educational support and essential supplies, ensuring they begin the school year positively.
Caleres (NYSE: CAL) announced a collaboration with actress and lifestyle influencer Caitlin McHugh Stamos for the Famous Footwear 2022 fall campaign. The partnership highlights the brand's commitment to offering fashionable footwear options that adapt to consumers' lifestyles. Stamos will showcase various styles across digital platforms, including Instagram and TikTok, promoting fall trends. The campaign aims to resonate with consumers seeking versatile shoes that transition from day to night, emphasizing Famous Footwear's extensive selection of popular brands.
Vionic, part of Caleres (NYSE: CAL), is launching a limited-edition footwear collection for Breast Cancer Awareness Month, donating 100% of sales from three styles to the Breast Cancer Research Foundation (BCRF). This initiative includes a minimum commitment of $100,000 to support crucial research. The collection features the Gemma Mule Slipper, Relax Slipper, and Pismo Casual Sneaker, all in pink, with 100% of proceeds going to BCRF. Vionic emphasizes its commitment to corporate social responsibility and community support in the fight against breast cancer.
Allen Edmonds is launching the Legend Series, a collaboration with British heritage brand Barbour. This partnership celebrates craftsmanship, offering limited editions of the Higgins Mill Boot and Evelar Wax Jacket. The collection reflects over 200 years of combined expertise in high-quality menswear. The boots are priced at $475 and the jacket at $330, reflecting a commitment to sustainability with recrafting services available. This initiative aims to appeal to quality-seeking consumers valuing timeless styles. The collaboration is set to continue into 2023.
Caleres (NYSE: CAL) has appointed Jack Calandra as the new senior vice president and chief financial officer, effective September 12, 2022. Calandra succeeds Ken Hannah, who served as CFO for seven years and will assist in the transition. President Jay Schmidt emphasized Calandra's collaborative leadership and extensive experience in retail and finance, making him suitable for the role. Calandra aims to unlock growth opportunities and enhance the company's financial structure for long-term shareholder value.
Sam Edelman, a leading footwear brand, launched its Fall/Winter 2022 campaign featuring supermodel Naomi Campbell. The campaign highlights both innovative footwear styles and heritage classics like the Felicia ballet and Lorraine loafer. Collaborating with industry icons like Steven Klein and Pat McGrath, the campaign embodies a blend of nostalgia and modernity. It will be showcased in major publications and billboards in New York and Los Angeles. The collection is available on SamEdelman.com and retail locations globally.
Caleres (NYSE: CAL) announced a quarterly cash dividend of $0.07 per share, payable on September 30, 2022, to shareholders on record as of September 9, 2022. This marks the 398th consecutive quarterly dividend paid by the company, reflecting its commitment to returning value to shareholders. Caleres boasts a diverse portfolio of global footwear brands available across various retail channels, emphasizing a dedication to quality and customer satisfaction.
Caleres reported record second quarter net sales of $738.3 million, up 9.3% from the previous year, with earnings per diluted share at $1.38, compared to $0.97 in Q2 2021. Despite a 3.8% decline in the Famous Footwear segment, the Brand Portfolio segment saw a robust 35.6% increase. The company also announced a share repurchase of 1.1 million shares totaling $27.0 million. Looking ahead, Caleres raised its fiscal year 2022 sales guidance to a growth of 4% to 6% and aims for earnings per share between $4.20 and $4.40.
Caleres (NYSE: CAL) will release its second quarter 2022 financial results on August 23 after market close. A conference call will follow at 5:00 p.m. Eastern time where executives will discuss the results and provide a business update. Analysts can join via dial-in numbers, with a replay available until September 6. The call will also be accessible on the Caleres investor website, enhancing transparency for stakeholders.