Caleres Q2 revenue down 5.8% to $695.5M; adjusted EPS $0.98 beats expectations; reiterates FY2023 guidance

CALERES INC

2023-Q2 EPS reported $1.91 revenue$1,358,267,000

Net sales $695.5M (-5.8% YoY); Famous Footwear -5.1%, Brand Portfolio -7.2%.
GAAP diluted EPS $0.95; adjusted diluted EPS $0.98, ahead of expectations.
Inventory down 14.3% vs Q2 2022; revolver borrowings reduced $47.5M in Q2.
Repurchased 763K shares for $17.4M; quarterly dividend $0.07 payable Sept 29, 2023.
FY2023 guidance: EPS $4.02-$4.22 GAAP, $4.10-$4.30 adjusted; sales down 3%-5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALERES INC reported second quarter of 2023 results: revenue $695.5 million, net income $33.9 million, EPS $0.95. Guidance reaffirmed.

Period: second quarter of 2023
Revenue: $695.5 million
Net income: $33.9 million
EPS: $0.95
Guidance: reaffirmed
Result: reported results

Exact text from the filing

to shareholders through share buybacks and dividends.” Second Quarter 2023 Results (13-weeks ended July 29, 2023, compared to 13-weeks ended July 30, 2022 ) ● Net sales were $695.5 million, down 5.8 percent from the second quarter of 2022; ‒ Famous Footwear segment net sales declined 5.1 percent, with comparable sales down 4.3 percent ‒ Brand Portfolio segment net

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Source: SEC EDGAR

accession 0000014707-23-000046

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