earnings
confidence high
sentiment positive
materiality 0.85
Caleres Q2 beats with $1.19 adjusted EPS; guides FY21 adj. EPS $3.25-$3.50
CALERES INC
2021-Q2 EPS reported
$1.13
revenue$1,314,167,000
- Net sales $675.5M (+34.7% YoY); net income $37.4M ($0.97 EPS) vs loss of $30.7M prior year.
- Adjusted EPS $1.19 (vs adj. loss $0.57 prior year); all-time record quarterly earnings.
- Famous Footwear record quarterly operating earnings exceeding full year 2019; gross margin ~50%.
- Paid down $100M debt; credit facility borrowings reduced to $100M; total debt reduction $340M since early 2020.
- FY2021 adj. EPS guidance $3.25-$3.50; Q3 adj. EPS guidance $1.10-$1.25.