---
schema_version: "secwatch.filing_event.v1"
accession: "0000014707-23-000030"
form_type: "8-K"
ticker: "CAL"
cik: "0000014707"
company_name: "CALERES INC"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:14:42.332407+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Caleres Q1 EPS $0.97 at upper end of guidance; revenue down 9.8% YoY

## Summary
- Diluted EPS $0.97; net earnings $34.7M vs $50.5M YoY.
- Revenue $662.7M (-9.8%); Famous Footwear comps down 8.5%; Brand Portfolio -11.0% on shipment timing.
- Reiterates FY23 adjusted EPS $4.10-$4.30; cuts net sales guidance to down 3%-5% on Famous Footwear softness.
- Announces $20M expense reductions and $10M freight savings; expects $4M one-time Q2 charge.
- Reduced revolver borrowings by $16M; quarterly dividend approved payable June 28, 2023.

## SEC filing metadata
- accession: 0000014707-23-000030
- form_type: 8-K
- ticker: CAL
- cik: 0000014707
- company_name: CALERES INC
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14707/000001470723000030/0000014707-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14707/000001470723000030/cal-20230601x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014707-23-000030
- JSON: https://secwatch.observer/filing/0000014707-23-000030.json
- Plain text: https://secwatch.observer/filing/0000014707-23-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.