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) reported second quarter 2024 results and updated guidance. Key points include:
- Net sales of $683.3 million, down 1.8% year-over-year
- Famous Footwear sales up 1.5%, Brand Portfolio sales down 5.1%
- Gross margin improved to 45.5%, up 30 basis points
- Earnings per share of $0.85, below expectations
- Lowered fiscal 2024 outlook: net sales now expected to decline low-single-digits percent
- Revised EPS guidance to $3.94-$4.09, down from $4.30-$4.60 previously
- Announced restructuring actions for $7.5 million in annualized SG&A savings
The company cited operational challenges from SAP implementation and weak seasonal demand as factors impacting results.
Caleres (NYSE: CAL), a leading footwear brand portfolio company, has announced a regular quarterly cash dividend of $0.07 per share. The dividend will be paid on September 27, 2024, to shareholders of record as of September 13, 2024. This announcement highlights Caleres' commitment to shareholder returns, as the company has maintained a consistent quarterly dividend for over 100 years. The continuation of this long-standing dividend policy demonstrates Caleres' financial stability and dedication to providing value to its investors.
Allen Edmonds, a leading brand in the Caleres (NYSE: CAL) portfolio, has launched The Reserve Collection, showcasing over 100 years of American craftsmanship. This exclusive capsule represents the pinnacle of American shoemaking, featuring eight distinctive styles meticulously handcrafted in Port Washington, Wisconsin. The collection, priced from $800 to $3,000, uses the finest leathers and revitalized heritage machinery.
Jay Schmidt, CEO of Caleres, emphasized the collection's role in elevating American luxury and expanding Allen Edmonds' market presence. The Reserve Collection will be available in September at select retailers, supported by a campaign titled 'An Exhibition of Distinction', featuring model Sean O'Pry.
Caleres (NYSE: CAL), a leading portfolio of consumer-driven footwear brands, has announced its plans to release second quarter 2024 financial results on September 12, 2024, before the market opens. The company will host a conference call at 10 a.m. Eastern time to discuss the quarterly results and provide a business update. Investors can dial in using the numbers (877) 704-4453 for North America or (201) 389-0920 for international participants. The call will also be accessible via the "Investors" section of the Caleres website. A replay will be available until September 26, 2024, through various methods including phone and webcast.
Naturalizer, a Caleres (NYSE: CAL) brand, has launched a global inclusivity ambassador collective with founding members Deepica Mutyala and Lauren Chan. This initiative aims to advance the brand's commitment to inclusivity in fashion and create comfortable footwear designed for women's feet. The collective will drive conversations on inclusivity through digital campaigns and events over the next 12 months.
Naturalizer has also introduced Contoured Calf technology to address fit issues in tall shaft boots. The new collection offers sizes from 5M-12XW and extended calf sizing. This innovation is supported by the 'United in Fashion' campaign, featuring Chan and other thought leaders, promoting greater access to fashion that fits more women.
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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