---
schema_version: "secwatch.filing_event.v1"
accession: "0000014707-24-000037"
form_type: "8-K"
ticker: "CAL"
cik: "0000014707"
company_name: "CALERES INC"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:13:22.731366+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caleres Q2 EPS $0.85 below expectations; cuts FY GAAP EPS guidance to $3.94-$4.09

## Summary
- Net earnings $30.0M, EPS $0.85 (vs $0.95 prior year); sales $683.3M down 1.8% YoY.
- Famous Footwear sales +1.5% but comps -2.9%; Brand Portfolio sales -5.1% due to ERP issues and weak demand.
- Gross margin improved 30bps to 45.5%; SG&A up 100bps to 39.3% of sales.
- FY 2024 GAAP EPS guidance cut to $3.94-$4.09 (from $4.30-$4.60); sales now down low single digits.
- Restructuring actions to yield $7.5M annualized SG&A savings, $2M in FY2024; adjusted EPS guidance $4.00-$4.15 excluding $0.06 restructuring.

## SEC filing metadata
- accession: 0000014707-24-000037
- form_type: 8-K
- ticker: CAL
- cik: 0000014707
- company_name: CALERES INC
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/14707/000001470724000037/0000014707-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14707/000001470724000037/cal-20240912x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014707-24-000037
- JSON: https://secwatch.observer/filing/0000014707-24-000037.json
- Plain text: https://secwatch.observer/filing/0000014707-24-000037.txt

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