secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0000014707-23-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000030/0000014707-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000030/cal-20230601x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-23-000030

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