---
schema_version: "secwatch.filing_event.v1"
accession: "0000014707-23-000056"
form_type: "8-K"
ticker: "CAL"
cik: "0000014707"
company_name: "CALERES INC"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:37:43.659235+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000014707-23-000056
- form_type: 8-K
- ticker: CAL
- cik: 0000014707
- company_name: CALERES INC
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14707/000001470723000056/0000014707-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14707/000001470723000056/cal-20231121x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014707-23-000056
- JSON: https://secwatch.observer/filing/0000014707-23-000056.json
- Plain text: https://secwatch.observer/filing/0000014707-23-000056.txt

## Key facts
- Earnings Releases
  CALERES INC updated its the quarter ended October 28, 2023 guidance (reaffirmed).
  - Period: the quarter ended October 28, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/14707/000001470723000056/0000014707-23-000056-index.htm

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