secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0000014707-23-000053
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres targets FY2026 adjusted EPS of ~$6.00; reiterates FY2023 guidance with soft September
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000053/0000014707-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470723000053/cal-20231005x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-23-000053

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