other material
confidence high
sentiment neutral
materiality 0.60
Caleres targets FY2026 adjusted EPS of ~$6.00; reiterates FY2023 guidance with soft September
CALERES INC
- FY2026 targets: net sales CAGR 3-5%, adjusted EPS CAGR 11-13% to ~$6.00 midpoint, total shareholder return low-to-mid-teens.
- FY2023 guidance reiterated: sales -3 to -5% YoY (incl. 53rd wk), diluted EPS $4.02-$4.22, adjusted EPS $4.10-$4.30.
- Q3 FY2023 guidance: sales low-single-digit decline, diluted EPS $1.25-$1.30, adjusted EPS $1.30-$1.35.
- September consumer demand soft; expects to be at low-end of sales range for both Q3 and FY2023.
- Three-year strategic plan: accelerate Brand Portfolio, deepen Famous Footwear millennial connection, leverage platform capabilities.