secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000014707-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres Q1 EPS $0.88 beats expectations; record gross margin 46.9%
------------------------------------------------------------------

- Net sales $659.2M, down 0.5% YoY; diluted EPS $0.88 vs $0.97 prior year.
- Record Q1 consolidated gross margin 46.9%, up 120 bps; Brand Portfolio gross margin up 240 bps.
- Famous Footwear sales flat, comps down 2.3%; Kids category sales and market share up significantly.
- Reaffirms FY2024: EPS $4.30-$4.60, net sales flat to up 2%; Q2 EPS guidance $1.20-$1.25.
- Repurchased 416K shares for $15.1M; borrowings down ~$100M YoY to $191M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470724000019/0000014707-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470724000019/cal-20240530x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer