Caleres Q3 EPS beats top end of guidance; adjusted EPS up 19% YoY; narrows FY outlook

CALERES INC

2023-Q3 EPS reported $3.23 revenue$2,120,171,000

Adjusted diluted EPS of $1.37 vs. $1.08 YoY; GAAP EPS $1.32, up 22% YoY.
Net sales $761.9M, down 4.6% YoY; Famous Footwear comps -6.9%, Brand Portfolio sales -0.8%.
Brand Portfolio delivered record Q3 operating margin; segment contributed >50% of YTD operating profit.
Revolver borrowings reduced $22M from Q2; inventory down 14.4% YoY.
FY23 adjusted diluted EPS guidance tightened to $4.10-$4.20; sales now seen down 4.5%-5.5%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CALERES INC updated its the quarter ended October 28, 2023 guidance (reaffirmed).

Period: the quarter ended October 28, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 21, 2023, Caleres, Inc. (the "Company") issued a press release (the "Press Release") announcing, among other things, its results of operations for the quarter ended October 28, 2023.

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Source: SEC EDGAR

accession 0000014707-23-000056

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