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.
Caleres Inc (NYSE: CAL) is a leading footwear company operating through its Famous Footwear retail division and diversified brand portfolio. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market positioning.
Our curated collection features official press releases and verified news covering earnings announcements, strategic partnerships, leadership changes, and product innovations. Users gain access to critical information about retail operations, wholesale developments, and corporate governance matters shaping Caleres' position in the global footwear market.
The resource is particularly valuable for tracking updates across Caleres' dual business model - from consumer-facing retail initiatives to brand portfolio management. Regular updates include quarterly financial disclosures, expansion announcements, and sustainability efforts within the footwear industry.
Bookmark this page for streamlined access to Caleres' latest material developments. Check back frequently for authoritative reporting on operational milestones affecting one of North America's most established footwear enterprises.
Caleres (NYSE: CAL) reported its first quarter 2024 financial results, achieving earnings per share of $0.88, surpassing expectations. The company generated a record first-quarter consolidated gross margin of 47%. Net sales were $659.2 million, down 0.5% from the previous year, with Famous Footwear segment net sales increasing by 0.1% while Brand Portfolio segment net sales declined by 2.6%.
Direct-to-consumer sales accounted for 69% of total net sales. The company reported a gross profit of $309.1 million and a gross margin of 46.9%, up 120 basis points from last year. SG&A expenses represented 40.4% of net sales.
Caleres reaffirmed its fiscal 2024 outlook, projecting net sales to be flat to up 2% and earnings per share to range between $4.30 and $4.60. The company also plans capital expenditures of $60 million to $70 million in 2024. Additionally, Caleres repurchased 416,000 shares of common stock for $15.1 million and returned $2.4 million to shareholders through dividends.
Caleres (NYSE: CAL), a leading portfolio of consumer-driven footwear brands, has declared a regular quarterly cash dividend of $0.07 per share. The dividend will be paid on June 20, 2024, to shareholders of record as of June 5, 2024. This announcement marks the continuation of a tradition, as the company has consistently paid a quarterly dividend for over 100 years.
Caleres (NYSE: CAL) will announce its first quarter 2024 financial results on May 30. The company will host a conference call to discuss the results and provide a business update. Participants can join via dial-in or webcast.
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