secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000014707-23-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000046/0000014707-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000046/cal-20230831x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-23-000046

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