secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0000014707-25-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres Q1 EPS $0.21 vs $0.88 YoY; sales down 6.8%; suspends guidance
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- Net sales $614.2M, down 6.8% YoY; Famous Footwear comps down 4.6%.
- Reported EPS $0.21; adjusted EPS $0.22, well below last year's $0.88.
- Gross margin 45.4%, down 150 bps; inventory up 8.1% vs Q1 2024.
- Announces $15M annualized SG&A cost cuts; expects $7.5M savings in fiscal 2025.
- Suspends fiscal 2025 guidance citing market uncertainty; targeting China sourcing under 10% in H2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470725000032/0000014707-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470725000032/cal-20250529x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-25-000032

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