secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0000014707-21-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres Q3 net sales up 21.1% to $784.2M; EPS $1.54; raises FY adjusted EPS guidance to $3.80-$3.90
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470721000063/0000014707-21-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470721000063/cal-20211118x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-21-000063

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