earnings
confidence high
sentiment positive
materiality 0.80
Caleres Q3 net sales up 21.1% to $784.2M; EPS $1.54; raises FY adjusted EPS guidance to $3.80-$3.90
CALERES INC
2021-Q3 EPS reported
$2.68
revenue$2,098,323,000
- Net sales $784.2M (+21.1% YoY); net income $59.6M ($1.54 diluted EPS) vs $14.4M ($0.38) last year.
- Famous Footwear segment sales up 26.3%; direct-to-consumer represented 73.5% of total net sales.
- Adjusted EPS $1.59; company raises FY 2021 adjusted EPS guidance to $3.80-$3.90.
- Gross margin improved 308 bps to 42.8%; inventory up 7.1% YoY with in-transit inventory 3.1x higher.
- Ended Q3 with $74.8M cash, $274.6M short-term debt; plans to redeem remaining $100M senior notes in Jan 2022.