secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0000014707-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000007/0000014707-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000007/cal-20230215x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-23-000007

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