Caleres Inc Stock Price, News & Analysis

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.

Caleres has been recognized for achieving gender parity on its board, with 60% female representation. Honored at the Women’s Forum of New York’s annual event, Caleres was one of only 44 companies to reach this milestone out of over 240 attendees. The company has made significant progress since 2016 when it had only 40% female board members. This recognition underscores Caleres' commitment to diversity and inclusion, reflecting the demographics of its consumer base.

Caleres (NYSE: CAL) will release its third quarter 2021 financial results on November 18, 2021, after market close. A conference call for analysts is scheduled for 5:00 p.m. Eastern time that day, to discuss the results and general business updates. Analysts can join by dialing (877) 217-9089 for North America or (706) 679-1723 internationally, using conference ID 4368498. A replay will be available until December 2, 2021, via the same numbers. Access to the call will also be available on the Caleres investor website.

Caleres (NYSE: CAL) has appointed Suzy Cirulis as senior vice president of customer marketing. Her role will involve leading customer marketing strategies, including customer relationship marketing (CRM), customer insights, and analytics across the Caleres portfolio. With over 20 years of experience, Cirulis has previously served as the chief marketing officer at Crate and Barrel and held significant positions at Gap Inc.. This strategic hire aims to enhance customer connections and leverage data for business decisions, particularly benefiting the Famous Footwear brand.

Vionic, a supportive footwear brand, is donating 100% of proceeds from three special edition shoes to the Breast Cancer Research Foundation (BCRF) during October. They are committing at least $75,000 to support breast cancer research, highlighting a significant issue with one in eight women diagnosed in the U.S. The shoes include the Gemma Mule Slipper, Bella Toe Post Sandal, and Pismo Casual Sneaker, all designed with the signature 'pink' color and awareness bow. Vionic Cares, their philanthropic arm, emphasizes the importance of support and research in the fight against breast cancer.

Caleres (NYSE: CAL), a leader in consumer-driven footwear, will participate in the upcoming Shareholder Equity Conference. CEO Diane Sullivan will host a fireside chat on Monday, September 27 at 3:00 p.m. Eastern Time, allowing investors to engage directly with management. The event will be streamed live, accessible through the Shareholder Equity Conference website and the company’s Investor Relations page. An archive will be available post-event.

Sam Edelman has launched a new Kids footwear collection for Fall 2021, designed in-house to ensure premium quality and fashion appeal for children. The collection features styles named after popular women's shoes, including Felicia Mini and Penny Mini, with prices ranging from $60 to $100. Available in sizes 11-4, the collection is targeted for back-to-school shoppers and can be found online at SamEdelman.com and select retailers such as Nordstrom and Saks. This launch reflects a growing trend in children’s fashion, catering to both parents and kids.