secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0000014707-24-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres Q3 adj. EPS $1.23; sales down 2.8%; FY2024 EPS guidance cut 13%
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- Q3 net sales $740.9M, down 2.8% YoY; Famous Footwear sales -4.8%, Brand Portfolio +0.7%.
- Reported EPS $1.19; adjusted EPS $1.23, down from $1.37 YoY; gross margin 44.1% (-55bps).
- FY2024 guidance cut: net sales now down 2.5-3%; GAAP EPS $3.35-$3.45 (prior $3.94-$4.09).
- Adjusted EPS guidance lowered to $3.45-$3.55 from $4.00-$4.15; cites soft boot demand and late athletic receipts.
- Repurchased 1.5M shares for $50M; expects borrowings under ABL to be <$100M by end 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470724000048/0000014707-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470724000048/cal-20241205x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-24-000048

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