secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0000014707-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres Q4 adjusted EPS $0.86 (+32% YoY); Brand Portfolio sales up 4.5%; FY2024 EPS guidance $4.30-$4.60
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- Q4 adjusted EPS $0.86 (up 32% YoY); GAAP EPS $1.57 includes $0.76 deferred tax benefit.
- Net sales $697.1M (+0.1% YoY); Brand Portfolio sales up 4.5%, Famous Footwear down 1.5% (comps -5.9%).
- Brand Portfolio delivered record Q4 adjusted operating earnings; gross margin improved 660 bps to 42.6%.
- FY2023 net sales $2.82B (-5.1%); adjusted EPS $4.18 (down from $4.52); revolver borrowings reduced $125.5M in year.
- FY2024 guidance: net sales flat to up 2%, EPS $4.30-$4.60; Q1 EPS expected in line with Q4 adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470724000006/0000014707-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470724000006/cal-20240319x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-24-000006

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