earnings
confidence high
sentiment positive
materiality 0.85
Caleres posts record FY2021 adj. EPS of $4.29; Q4 adj. EPS $0.91; FY2022 guidance $3.75-$4.00
CALERES INC
2021-FY EPS reported
$3.56
revenue$2,777,604,000
- Q4 net sales $679.3M (+19% YoY); adjusted EPS $0.91 vs $0.03; gross margin 43.4% (+389bps).
- FY2021 sales $2,777.6M (+31.2%); adj. EPS $4.29 (record); adj. EBITDA $285.9M.
- Board authorized incremental 7M share repurchase; total 9M shares remaining under program.
- FY2022 guidance: EPS $3.75-$4.00, sales flat to +3%; 50% of earnings expected in H1.
- Debt reduced to $290M (from $448.9M); generated $168.4M cash from ops; interest savings ~$20M vs 2019.