Caleres Inc Stock Price, News & Analysis

Caleres (NYSE: CAL) reported strong financial results for Q1 2021, with net sales reaching $638.6 million, up 60.8% from Q1 2020. Notably, Famous Footwear segment sales soared 108.2%, contributing to record earnings. The company reduced total debt by approximately $240 million since March 2020 and generated $70.4 million in cash from operations. Adjusted earnings per share stood at $0.60 compared to a loss of $1.30 in the prior year. Forward-looking, Caleres projects Q2 sales between $625 million and $650 million and plans to continue leveraging its direct-to-consumer model.

Caleres (NYSE: CAL) will release its first quarter 2021 financial results on May 28, 2021, before the market opens. A conference call for financial analysts is scheduled for 10:00 a.m. Eastern time on the same day, with details available via the investor section of the company's website. The call will provide insights into the quarterly results and general business updates. A replay will be accessible until June 10, 2021. Known for renowned footwear brands, Caleres focuses on consumer insights to drive innovation and design.

Kate Spade New York and Dr. Scholl’s Shoes will launch a second capsule collection on May 1, 2021, following a successful collaboration in 2020. The two-style collection features the Original Sandal with a Kate Spade twist, incorporating sustainable materials like chrome-free suede and recycled plastics. Retailing at $100 and $130, the sandals will be available at DrSchollsShoes.com and KateSpade.com. Design Director Katie Moore expressed excitement over the partnership, emphasizing the brand's commitment to sustainability.

Caleres reported financial results for Q4 and fiscal year 2020. Key highlights include a net sales decline of 27.5% to $2.117 billion and a net loss of $439.1 million, translating to a loss of $11.80 per diluted share. However, ecommerce sales grew by 40%, making up 75% of total sales. The company achieved $100 million in annualized expense savings and generated $126 million in cash from operations. Despite ongoing uncertainties, Caleres aims to streamline operations and focus on digital strategies to enhance shareholder value.

Caleres (NYSE: CAL) has declared a quarterly cash dividend of $0.07 per share, payable on April 9, 2021, to shareholders of record as of March 25, 2021. This marks the 392nd consecutive quarterly dividend paid by the company, emphasizing its commitment to returning value to shareholders. Caleres is known for its diverse portfolio of footwear brands, including Famous Footwear and Sam Edelman, driven by consumer insights and innovation.

Allen Edmonds has launched an expanded online customizable trunk show, allowing consumers to create unique shoe designs until March 13, 2021, at allenedmonds.com. The event waives the usual custom fee and offers styles such as sneakers and oxfords with multiple material and color options. Larger sizes from 6.5 to 15 and widths from B to EEE are available, along with a Recrafting service to extend shoe life. This initiative responds to high demand for new and classic sneaker styles, enhancing customization options for existing and new customers.

Two prominent brands of Caleres, Famous Footwear and Vionic, have been recognized in Newsweek's 2021 list of America's Best Loyalty Programs. Famous Footwear's Famously You and Vionic's Sole Circle were highlighted for their outstanding customer engagement and loyalty initiatives. The awards were announced on February 16, 2021, reflecting evaluations from over 4,000 U.S. customers across various program metrics. Both programs focus on enhancing customer experience through personalized rewards and benefits, contributing significantly to their respective brand growth.

Caleres (NYSE: CAL) plans to release its fiscal fourth quarter and year-end financial results after market close on March 16, 2021. A financial analyst conference call will be held at 5:00 PM ET to discuss the quarterly results and provide a business update. Analysts can join via dial-in numbers provided for North America and international callers. The call will be accessible to the public through the investor section of Caleres' website, with a replay available until March 29, 2021.