secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0000014707-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres posts record FY2021 adj. EPS of $4.29; Q4 adj. EPS $0.91; FY2022 guidance $3.75-$4.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470722000012/0000014707-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470722000012/cal-20220315x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-22-000012

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