secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0000014707-21-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres Q2 beats with $1.19 adjusted EPS; guides FY21 adj. EPS $3.25-$3.50
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470721000048/0000014707-21-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470721000048/cal-20210831x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-21-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer