Famous Footwear news and archive

Caleres lowers sales and earnings forecast

Caleres reported sales of 683.3 million dollars for the second quarter, down 1.8 percent. Caleres has lowered fiscal 2024 outlook of net sales to down low-single-digits percent versus previous guidance of flat to up 2 percent; and earnings per diluted share to 3.94 dollars to 4.09 dollars versus prior guidance of 4.30 dollars to 4.60 dollars and...

Business

Caleres reports marginal quarterly sales decline

Caleres net sales were 659.2 million dollars in the first quarter, down 0.5 percent. Famous Footwear segment net sales increased 0.1 percent, with comparable sales down 2.3 percent, brand portfolio segment net sales declined 2.6 percent, while direct-to-consumer sales represented approximately 69 percent of total net sales “Caleres began 2024 in...

Business

Caleres Q2 earnings up, reiterates forecast

Net sales at Caleres Inc., rose 9.3 percent to 738.3 million dollars in the second quarter, driven by positive momentum in the brand portfolio segment. The company achieved net earnings of 51.2 million dollars and generated a 45.6 percent consolidated gross profit margin. “During the second quarter, Caleres delivered another exceptional...

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Caleres revenues and earnings jump

Fourth quarter net sales at Caleres were 679.3 million dollars, up 19 percent from the fourth quarter of fiscal 2020. The company reported 15.9 percent sales increase in the Famous Footwear segment and a 24.4 percent sales increase in the brand portfolio segment. Gross profit for the quarter was 294.8 million dollars, while gross margin was 43.4...

Business

Caleres posts 21.1 percent rise in Q3 sales

Caleres third quarter net sales were 784.2 million dollars, up 21.1 percent from the third quarter of fiscal 2020. The company reported a 26.3 percent sales increase in the Famous Footwear segment; a 12.3 percent sales increase in the brand portfolio segment. Direct-to-consumer sales represented 73.5 percent of total net sales. “Caleres achieved...

Business

Driven by Famous Footwear, Caleres Q1 sales rise 60.8 percent

Caleres net sales for the first quarter were 638.6 million dollars, up 60.8 percent from the first quarter of fiscal 2020. The company reported 108.2 percent sales increase in the Famous Footwear segment and 15.2 percent sales increase in the Brand Portfolio segment. Total company owned ecommerce website sales increased 21.4 percent, with...

Business

Caleres Q4 sales decline by 18.3 percent

Caleres For its fourth quarter, Caleres recorded net sales of 571 million dollars, down 18.3 percent. The company reported a 6.2 percent sales decline in the Famous Footwear segment and a 32.4 percent sales decline in the Brand Portfolio segment, while total company owned ecommerce website sales increased approximately 25 percent, with ecommerce...

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Calares announces leadership changes to drive growth, names Jay Schmidt as President

Caleres has announced several transformational changes to its leadership structure that the company said, will ensure greater alignment with its strategic direction, accelerate its growth initiatives, unlock the power of its portfolio of brands and drive sustainable, long-term value for its shareholders. This transition, the company added,...

Business

Caleres appoints Michael Edwards as President of Famous Footwear

Caleres has named Michael Edwards President of Famous Footwear, effective November 20, 2020. Edwards, the company said in a statement, will replace Molly Adams, who resigned her position to pursue an opportunity outside the organization. “Mike is a capable and successful leader who has seen the business through every lens. I am confident he will...

Business

Caleres sales decline by 33.4 percent for Q2

For the second quarter, Caleres net sales were 501.4 million dollars, down 33.4 percent with direct-to-consumer sales representing 80 percent of total net sales. The company reported a 20.5 percent sales decline in the Famous Footwear segment with comparable stores sales up 14.7 percent during the quarter and a 48.9 percent sales decline in the...

Business

Caleres expects to report 3 percent drop in Q4 sales

Caleres expects fourth quarter 2019 consolidated net sales of approximately 700 million dollars, down 3 percent compared to 2018. The company said in a statement that Famous Footwear net sales are expected to reach approximately 370 million dollars, with same-store-sales up 5.1 percent, while brand portfolio net sales are expected at...

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Caleres cuts full year earnings outlook on tariff impact

For the third quarter, Caleres reported sales of 792.4 million dollars, up 2.1 percent, while same-store-sales grew 2.5 percent at Famous Footwear, the eighth consecutive year of positive back-to-school same-store-sales growth. Earnings per diluted share of 69 cents, were up 3 percent, including 3 cents net impact from tariffs. The company said...