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.
Tapestry, Inc. (NYSE: TPR) has completed the previously announced sale of its Stuart Weitzman brand to Caleres (NYSE: CAL), a portfolio of footwear brands. Morgan Stanley & Co. LLC and Latham & Watkins LLP served as Tapestry's advisors, while BofA Securities and BCLP advised Caleres.
Following the divestiture, Tapestry's brand portfolio now consists of Coach and kate spade new york. The company remains focused on innovation, authenticity, and sustainable fashion through distinctive products and differentiated customer experiences across channels and geographies.
Caleres (NYSE: CAL) has completed the acquisition of luxury footwear brand Stuart Weitzman from Tapestry, Inc. for $120.2 million, with a net purchase price of $108.7 million after accounting for $11.5 million in cash received at closing.
Stuart Weitzman, with trailing 12-month sales of $220 million, maintains a strong presence across North America, Europe, and Asia. Jonathan Lelonek, former SVP of global wholesale, has been appointed as Stuart Weitzman brand president. The acquisition strengthens Caleres' position in the global footwear market, with the Brand Portfolio segment expected to represent nearly half of total revenue going forward.
Caleres plans to leverage its footwear expertise to restore Stuart Weitzman's profitability following a transition and integration period through the remainder of the fiscal year. The acquisition was funded through Caleres' revolving credit agreement.
Caleres (NYSE: CAL) has announced an amendment to its credit agreement, extending its senior secured asset-based revolving credit facility to June 2030. The company's borrowing capacity will increase by $200 million to $700 million, with an accordion feature allowing potential expansion to $950 million.
According to CFO Jack Calandra, the expanded facility enhances liquidity and flexibility while strengthening the balance sheet. The company's near-term capital allocation priorities include completing the Stuart Weitzman acquisition and investing in growth vectors, followed by longer-term focus on debt reduction and shareholder returns.
Bank of America serves as the administrative agent, with Truist Bank, Wells Fargo Bank, and U.S. Bank as joint lead arrangers and bookrunners. Fifth Third Bank, Regions Bank, and TD Bank are also participating in the credit facility.
Caleres (NYSE: CAL), a leading footwear brand portfolio company, has announced a quarterly cash dividend of $0.07 per share. The dividend will be paid on June 20, 2025, to shareholders of record as of June 5, 2025. This announcement marks a significant milestone in the company's history, as Caleres has maintained a consistent track record of paying quarterly dividends for over 100 consecutive years.
Caleres (NYSE: CAL), a leading footwear brand portfolio company, has scheduled its first quarter 2025 earnings release for Thursday, May 29, 2025, before market open. The company will host a conference call at 10 a.m. Eastern Time to discuss quarterly results and provide business updates.
Participants can join via phone using (877) 704-4453 in North America or (201) 389-0920 internationally. The call will also be available via webcast on Caleres' Investors page. A replay will be accessible through June 12, 2025, using (844) 512-2921 (North America) or (412) 317-6671 (international) with pin 13753803.
Caleres (NYSE: CAL) reported Q4 2024 financial results with sales of $639.2 million, down 8.3% year-over-year, and full-year sales of $2.72 billion, down 3.4%. The company posted Q4 earnings per diluted share of $0.15 and adjusted EPS of $0.33, while full-year EPS was $3.09 with adjusted EPS of $3.30.
Key highlights include:
- Famous Footwear segment saw Q4 net sales decrease 9.6% with comparable sales down 2.9%
- Brand Portfolio segment experienced a 7.2% Q4 net sales decline
- Direct-to-consumer sales represented 73% of total net sales
- Company returned $74.7 million to shareholders through dividends and share repurchases in fiscal 2024
Looking ahead, Caleres expects fiscal 2025 consolidated net sales to range between -1% to +1% compared to 2024, with projected earnings per diluted share of $2.80 to $3.20. The guidance excludes the planned Stuart Weitzman acquisition, expected to close in summer 2025.
Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.07 per share. The dividend will be paid on April 11, 2025, to shareholders of record as of March 27, 2025.
Notably, the company has maintained a consistent track record of paying consecutive quarterly dividends for more than 100 years, demonstrating long-term financial stability and commitment to shareholder returns.
Caleres (NYSE: CAL), a market-leading footwear brands portfolio company, has rescheduled its fourth quarter and year-end 2024 financial results announcement to March 20, 2025, before market open. The release was originally planned for March 19 but was moved to accommodate leadership's attendance at Nordstrom's Partners in Excellence Award event.
A conference call will follow at 10 a.m. Eastern Time, where executives will discuss results and provide business updates. Participants can join via phone (North America: 877-704-4453; International: 201-389-0920) or through the company's Investors page webcast. A replay will be available until April 3, 2025, using pin 13751796.
Tapestry Inc. (NYSE: TPR) has announced the sale of its Stuart Weitzman brand to Caleres (NYSE: CAL) for $105 million in cash, subject to customary adjustments. The transaction is expected to close in summer 2025.
This strategic move allows Tapestry to focus on its largest value creation opportunities, particularly sustaining Coach's leadership and reinvigorating Kate Spade. For Caleres, Stuart Weitzman will become a lead brand, advancing their strategic agenda to grow their Brand Portfolio segment with more global and direct-to-consumer reach. Post-integration, the Brand Portfolio segment is expected to generate nearly half of Caleres' total revenue and over half of their operating profit.