Caleres sees record FY2022 sales ~$2.97B, adj. EPS $4.50-$4.52 above prior outlook

CALERES INC

2022-FY EPS reported $4.92 revenue$2,968,138,000

Preliminary FY2022 sales ~$2.97B (+7% YoY) vs prior +4-6% guidance.
Adjusted EPS $4.50-$4.52 vs prior $4.30-$4.40 guidance; diluted EPS $4.86-$4.92.
Inventory down ~3% YoY vs expected mid-single digit increase.
Reduced revolver borrowings by ~$57M to ~$308M; paid dividend marking 100 consecutive years.
Management states baseline annual earnings power exceeds $4.00 per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALERES INC reported the fiscal year ending January 28, 2023 results: revenue approximately $2.97 billion, EPS Earnings per diluted share of $4.86 to $4.92. Adjusted earnings per diluted share between $4.50 and $4.52. Guidance raised.

Period: the fiscal year ending January 28, 2023
Revenue: approximately $2.97 billion
EPS: Earnings per diluted share of $4.86 to $4.92. Adjusted earnings per diluted share between $4.50 and $4.52
Guidance: raised
Result: preliminary results

Exact text from the filing

platform and the successful execution of our strategies.” On a preliminary basis, Caleres now expects the following for fiscal year 2022: • Consolidated sales of approximately $2.97 billion, up 7 percent compared to fiscal year 2021, versus previous expectations for growth of 4 percent to 6 percent; • Earnings per diluted share of $4.86 to $4.92. Adjusted earnings

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CALERES INC filing history →

Source: SEC EDGAR

accession 0000014707-23-000007

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