---
schema_version: "secwatch.filing_event.v1"
accession: "0000014707-23-000046"
form_type: "8-K"
ticker: "CAL"
cik: "0000014707"
company_name: "CALERES INC"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:07:26.387147+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000014707-23-000046
- form_type: 8-K
- ticker: CAL
- cik: 0000014707
- company_name: CALERES INC
- filed_at: 2023-08-31T23:59:59+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/14707/000001470723000046/0000014707-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14707/000001470723000046/cal-20230831x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014707-23-000046
- JSON: https://secwatch.observer/filing/0000014707-23-000046.json
- Plain text: https://secwatch.observer/filing/0000014707-23-000046.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/14707/000001470723000046/0000014707-23-000046-index.htm

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