ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL) (caleres.com)
today announced it plans to release its first quarter 2019 financial
results after market close on Monday, June 3. Company executives will
host a financial analyst call at 4:30 p.m. ET that day, to discuss first
quarter results and to provide a general business update.
The dial-in number for financial analysts in North America is (877)
217-9089, or (706) 679-1723 for international analysts, and the
conference ID is 8758845. To participate, please dial in a few minutes
before the scheduled time. Employees, the media and the public are
invited to listen to the call at investor.caleres.com/news/events.
A replay of the call will be available through Saturday, June 8, by
dialing (855) 859-2056 in North America, or (404) 537-3406
internationally, and using the conference ID 8758845. A webcast replay
will also be archived for a limited period at investor.caleres.com/news/events/archive.
Caleres also announced it is changing its segment presentation to
reflect growth in intersegment activity, driven by recent acquisitions,
and to better align reporting with its independent business model. The
company will continue to present two reportable segments, Famous
Footwear and Brand Portfolio, however, beginning with the first quarter
of 2019, Caleres will present Brand Portfolio net sales inclusive of
both external and intersegment sales.
The elimination of intersegment sales and profit from Brand Portfolio to
Famous Footwear will be reflected within the Eliminations and Other
category. In conjunction with the change, 2017 and 2018 results have
been recast and the related quarterly historical segment results are
included in the schedules to this release.
About Caleres - Caleres is a diverse portfolio of global
footwear brands. Our products are available virtually everywhere - in
the over 1,200 retail stores we operate, in hundreds of major department
and specialty stores, on our branded e-commerce sites, and on many
additional third-party retail websites. Famous Footwear offers great
brands for the entire family with convenient, curated, affordable
collections. Sam Edelman keeps expressive women in step with the latest
trends in a playful, whimsical way. Naturalizer shoes are beautiful from
the inside out, with elegant simplicity and legendary fit re-imagined
for today’s consumer. Allen Edmonds combines old world craft with new
world technology to create luxe footwear for the discerning man who
wants sophisticated, modern classics. Rounding out our family of brands
are Vionic, Dr. Scholl’s Shoes, Vince, Franco Sarto, LifeStride, Via
Spiga, Blowfish Malibu, Bzees, Circus by Sam Edelman, Fergie and Ryka.
Combined, these brands make Caleres a company with both a legacy and a
mission. Our legacy is our more than 140 years of craftsmanship and our
passion for fit, while our mission is to continue to inspire people to
feel great… feet first. Visit caleres.com to
learn more about us.
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CALERES, INC.
|
|
SUMMARY FINANCIAL RESULTS BY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
(Thousands)
|
|
May 5,
2018
|
|
April 29,
2017
|
|
May 5,
2018
|
|
April 29,
2017
|
|
May 5,
2018
|
|
April 29,
2017
|
|
May 5,
2018
|
|
April 29,
2017
|
|
Net sales
|
|
$
|
363,411
|
|
|
$
|
366,494
|
|
|
$
|
283,497
|
|
|
$
|
279,715
|
|
|
$
|
(14,766
|
)
|
|
$
|
(14,700
|
)
|
|
$
|
632,142
|
|
|
$
|
631,509
|
|
|
Gross profit
|
|
$
|
165,201
|
|
|
$
|
167,690
|
|
|
$
|
108,861
|
|
|
$
|
102,504
|
|
|
$
|
859
|
|
|
$
|
714
|
|
|
$
|
274,921
|
|
|
$
|
270,908
|
|
|
Adjusted gross profit
|
|
$
|
165,201
|
|
|
$
|
167,690
|
|
|
$
|
108,861
|
|
|
$
|
105,533
|
|
|
$
|
859
|
|
|
$
|
714
|
|
|
$
|
274,921
|
|
|
$
|
273,937
|
|
|
Gross profit rate
|
|
45.5
|
%
|
|
45.8
|
%
|
|
38.4
|
%
|
|
36.7
|
%
|
|
(5.8
|
)%
|
|
(4.9
|
)%
|
|
43.5
|
%
|
|
42.9
|
%
|
|
Adjusted gross profit rate
|
|
45.5
|
%
|
|
45.8
|
%
|
|
38.4
|
%
|
|
37.7
|
%
|
|
(5.8
|
)%
|
|
(4.9
|
)%
|
|
43.5
|
%
|
|
43.4
|
%
|
|
Operating earnings (loss)
|
|
$
|
21,857
|
|
|
$
|
20,279
|
|
|
$
|
11,627
|
|
|
$
|
12,600
|
|
|
$
|
(10,538
|
)
|
|
$
|
(9,590
|
)
|
|
$
|
22,946
|
|
|
$
|
23,289
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
21,857
|
|
|
$
|
20,279
|
|
|
$
|
13,211
|
|
|
$
|
16,475
|
|
|
$
|
(10,344
|
)
|
|
$
|
(9,328
|
)
|
|
$
|
24,724
|
|
|
$
|
27,426
|
|
|
Operating earnings (loss) %
|
|
6.0
|
%
|
|
5.5
|
%
|
|
4.1
|
%
|
|
4.5
|
%
|
|
71.4
|
%
|
|
65.2
|
%
|
|
3.6
|
%
|
|
3.7
|
%
|
|
Adjusted operating earnings %
|
|
6.0
|
%
|
|
5.5
|
%
|
|
4.7
|
%
|
|
5.9
|
%
|
|
70.1
|
%
|
|
63.5
|
%
|
|
3.9
|
%
|
|
4.3
|
%
|
|
Same-store sales % (on a 13-week basis) (1)
|
|
(0.8
|
)%
|
|
(0.6
|
)%
|
|
(1.0
|
)%
|
|
2.3
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
Number of stores
|
|
1,013
|
|
|
1,052
|
|
|
235
|
|
|
233
|
|
|
—
|
|
|
—
|
|
|
1,248
|
|
|
1,285
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
(Thousands)
|
|
May 5,
2018
|
|
April 29,
2017
|
|
May 5,
2018
|
|
April 29,
2017
|
|
May 5,
2018
|
|
April 29,
2017
|
|
May 5,
2018
|
|
April 29,
2017
|
|
Gross profit
|
|
$
|
165,201
|
|
|
$
|
167,690
|
|
|
$
|
108,861
|
|
|
$
|
102,504
|
|
|
$
|
859
|
|
|
$
|
714
|
|
|
$
|
274,921
|
|
|
$
|
270,908
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition, integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,029
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,029
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,029
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,029
|
|
|
Adjusted gross profit
|
|
$
|
165,201
|
|
|
$
|
167,690
|
|
|
$
|
108,861
|
|
|
$
|
105,533
|
|
|
$
|
859
|
|
|
$
|
714
|
|
|
$
|
274,921
|
|
|
$
|
273,937
|
|
|
Operating earnings (loss)
|
|
$
|
21,857
|
|
|
$
|
20,279
|
|
|
$
|
11,627
|
|
|
$
|
12,600
|
|
|
$
|
(10,538
|
)
|
|
$
|
(9,590
|
)
|
|
$
|
22,946
|
|
|
$
|
23,289
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition, integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
1,584
|
|
|
3,875
|
|
|
194
|
|
|
262
|
|
|
1,778
|
|
|
4,137
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
1,584
|
|
|
3,875
|
|
|
194
|
|
|
262
|
|
|
1,778
|
|
|
4,137
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
21,857
|
|
|
$
|
20,279
|
|
|
$
|
13,211
|
|
|
$
|
16,475
|
|
|
$
|
(10,344
|
)
|
|
$
|
(9,328
|
)
|
|
$
|
24,724
|
|
|
$
|
27,426
|
|
|
(1) The thirteen-week period ended April 29, 2017 excludes sales
from Allen Edmonds.
|
|
|
|
|
|
|
|
|
|
CALERES, INC.
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS BY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
(Thousands)
|
|
August 4,
2018
|
|
July 29,
2017
|
|
August 4,
2018
|
|
July 29,
2017
|
|
August 4,
2018
|
|
July 29,
2017
|
|
August 4,
2018
|
|
July 29,
2017
|
|
Net sales
|
|
$
|
429,472
|
|
|
$
|
404,930
|
|
|
$
|
305,021
|
|
|
$
|
301,874
|
|
|
$
|
(27,881
|
)
|
|
$
|
(29,850
|
)
|
|
$
|
706,612
|
|
|
$
|
676,954
|
|
|
Gross profit
|
|
$
|
187,114
|
|
|
$
|
183,309
|
|
|
$
|
108,288
|
|
|
$
|
106,219
|
|
|
$
|
(2,301
|
)
|
|
$
|
(2,067
|
)
|
|
$
|
293,101
|
|
|
$
|
287,461
|
|
|
Adjusted gross profit
|
|
$
|
187,114
|
|
|
$
|
183,309
|
|
|
$
|
108,828
|
|
|
$
|
108,129
|
|
|
$
|
(2,301
|
)
|
|
$
|
(2,067
|
)
|
|
$
|
293,641
|
|
|
$
|
289,371
|
|
|
Gross profit rate
|
|
43.6
|
%
|
|
45.3
|
%
|
|
35.5
|
%
|
|
35.2
|
%
|
|
8.3
|
%
|
|
6.9
|
%
|
|
41.5
|
%
|
|
42.5
|
%
|
|
Adjusted gross profit rate
|
|
43.6
|
%
|
|
45.3
|
%
|
|
35.6
|
%
|
|
35.8
|
%
|
|
8.3
|
%
|
|
6.9
|
%
|
|
41.6
|
%
|
|
42.7
|
%
|
|
Operating earnings (loss)
|
|
$
|
33,240
|
|
|
$
|
25,112
|
|
|
$
|
15,909
|
|
|
$
|
17,983
|
|
|
$
|
(17,006
|
)
|
|
$
|
(14,669
|
)
|
|
$
|
32,143
|
|
|
$
|
28,426
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
33,240
|
|
|
$
|
25,112
|
|
|
$
|
18,248
|
|
|
$
|
20,529
|
|
|
$
|
(16,682
|
)
|
|
$
|
(12,440
|
)
|
|
$
|
34,806
|
|
|
$
|
33,201
|
|
|
Operating earnings (loss) %
|
|
7.7
|
%
|
|
6.2
|
%
|
|
5.2
|
%
|
|
6.0
|
%
|
|
61.0
|
%
|
|
49.1
|
%
|
|
4.5
|
%
|
|
4.2
|
%
|
|
Adjusted operating earnings %
|
|
7.7
|
%
|
|
6.2
|
%
|
|
6.0
|
%
|
|
6.8
|
%
|
|
59.8
|
%
|
|
41.7
|
%
|
|
4.9
|
%
|
|
4.9
|
%
|
|
Same-store sales % (on a 13-week basis) (1)
|
|
2.6
|
%
|
|
2.8
|
%
|
|
(1.3
|
)%
|
|
15.8
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
Number of stores
|
|
1,008
|
|
|
1,055
|
|
|
233
|
|
|
238
|
|
|
—
|
|
|
—
|
|
|
1,241
|
|
|
1,293
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
(Thousands)
|
|
August 4,
2018
|
|
July 29,
2017
|
|
August 4,
2018
|
|
July 29,
2017
|
|
August 4,
2018
|
|
July 29,
2017
|
|
August 4,
2018
|
|
July 29,
2017
|
|
Gross profit
|
|
$
|
187,114
|
|
|
$
|
183,309
|
|
|
$
|
108,288
|
|
|
$
|
106,219
|
|
|
$
|
(2,301
|
)
|
|
$
|
(2,067
|
)
|
|
$
|
293,101
|
|
|
$
|
287,461
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blowfish Malibu acquisition-related costs
|
|
—
|
|
|
—
|
|
|
540
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
540
|
|
|
—
|
|
|
Acquisition, integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,910
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,910
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
540
|
|
|
1,910
|
|
|
—
|
|
|
—
|
|
|
540
|
|
|
1,910
|
|
|
Adjusted gross profit
|
|
$
|
187,114
|
|
|
$
|
183,309
|
|
|
$
|
108,828
|
|
|
$
|
108,129
|
|
|
$
|
(2,301
|
)
|
|
$
|
(2,067
|
)
|
|
$
|
293,641
|
|
|
$
|
289,371
|
|
|
Operating earnings (loss)
|
|
$
|
33,240
|
|
|
$
|
25,112
|
|
|
$
|
15,909
|
|
|
$
|
17,983
|
|
|
$
|
(17,006
|
)
|
|
$
|
(14,669
|
)
|
|
$
|
32,143
|
|
|
$
|
28,426
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blowfish Malibu acquisition-related costs
|
|
—
|
|
|
—
|
|
|
540
|
|
|
—
|
|
|
238
|
|
|
—
|
|
|
778
|
|
|
—
|
|
|
Acquisition, integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
1,799
|
|
|
2,546
|
|
|
86
|
|
|
2,229
|
|
|
1,885
|
|
|
4,775
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
2,339
|
|
|
2,546
|
|
|
324
|
|
|
2,229
|
|
|
2,663
|
|
|
4,775
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
33,240
|
|
|
$
|
25,112
|
|
|
$
|
18,248
|
|
|
$
|
20,529
|
|
|
$
|
(16,682
|
)
|
|
$
|
(12,440
|
)
|
|
$
|
34,806
|
|
|
$
|
33,201
|
|
|
(1) The thirteen-week period ended July 29, 2017 excludes sales from
Allen Edmonds.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CALERES, INC.
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS BY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
(Thousands)
|
|
November 3,
2018
|
|
October 28,
2017
|
|
November 3,
2018
|
|
October 28,
2017
|
|
November 3,
2018
|
|
October 28,
2017
|
|
November 3,
2018
|
|
October 28,
2017
|
|
Net sales
|
|
$
|
448,765
|
|
|
$
|
473,118
|
|
|
$
|
343,032
|
|
|
$
|
316,756
|
|
|
$
|
(15,968
|
)
|
|
$
|
(15,218
|
)
|
|
$
|
775,829
|
|
|
$
|
774,656
|
|
|
Gross profit
|
|
$
|
182,487
|
|
|
$
|
198,073
|
|
|
$
|
126,558
|
|
|
$
|
117,026
|
|
|
$
|
1,565
|
|
|
$
|
1,786
|
|
|
$
|
310,610
|
|
|
$
|
316,885
|
|
|
Adjusted gross profit
|
|
$
|
182,487
|
|
|
$
|
198,073
|
|
|
$
|
128,404
|
|
|
$
|
117,026
|
|
|
$
|
1,565
|
|
|
$
|
1,786
|
|
|
$
|
312,456
|
|
|
$
|
316,885
|
|
|
Gross profit rate
|
|
40.7
|
%
|
|
41.9
|
%
|
|
36.9
|
%
|
|
37.0
|
%
|
|
(9.8
|
)%
|
|
(11.7
|
)%
|
|
40.0
|
%
|
|
40.9
|
%
|
|
Adjusted gross profit rate
|
|
40.7
|
%
|
|
41.9
|
%
|
|
37.4
|
%
|
|
36.9
|
%
|
|
(9.8
|
)%
|
|
(11.7
|
)%
|
|
40.3
|
%
|
|
40.9
|
%
|
|
Operating earnings (loss)
|
|
$
|
24,414
|
|
|
$
|
33,747
|
|
|
$
|
25,114
|
|
|
$
|
22,495
|
|
|
$
|
(9,780
|
)
|
|
$
|
(5,864
|
)
|
|
$
|
39,748
|
|
|
$
|
50,378
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
24,414
|
|
|
$
|
33,747
|
|
|
$
|
28,015
|
|
|
$
|
22,495
|
|
|
$
|
(5,495
|
)
|
|
$
|
(5,864
|
)
|
|
$
|
46,934
|
|
|
$
|
50,378
|
|
|
Operating earnings (loss) %
|
|
5.4
|
%
|
|
7.1
|
%
|
|
7.3
|
%
|
|
7.1
|
%
|
|
61.2
|
%
|
|
38.5
|
%
|
|
5.1
|
%
|
|
6.5
|
%
|
|
Adjusted operating earnings %
|
|
5.4
|
%
|
|
7.1
|
%
|
|
8.2
|
%
|
|
7.1
|
%
|
|
34.4
|
%
|
|
38.5
|
%
|
|
6.0
|
%
|
|
6.5
|
%
|
|
Same-store sales % (on a 13-week basis) (1)
|
|
2.8
|
%
|
|
0.9
|
%
|
|
1.7
|
%
|
|
2.4
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
Number of stores
|
|
1,007
|
|
|
1,042
|
|
|
232
|
|
|
235
|
|
|
—
|
|
|
—
|
|
|
1,239
|
|
|
1,277
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
13 Weeks
Ended
|
|
(Thousands)
|
|
November 3,
2018
|
|
October 28,
2017
|
|
November 3,
2018
|
|
October 28,
2017
|
|
November 3,
2018
|
|
October 28,
2017
|
|
November 3,
2018
|
|
October 28,
2017
|
|
Gross profit
|
|
$
|
182,487
|
|
|
$
|
198,073
|
|
|
$
|
126,558
|
|
|
$
|
117,026
|
|
|
$
|
1,565
|
|
|
$
|
1,786
|
|
|
$
|
310,610
|
|
|
$
|
316,885
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blowfish Malibu acquisition-related costs
|
|
—
|
|
|
—
|
|
|
932
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
932
|
|
|
—
|
|
|
Vionic acquisition-related costs
|
|
—
|
|
|
—
|
|
|
914
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
914
|
|
|
—
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
1,846
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,846
|
|
|
—
|
|
|
Adjusted gross profit
|
|
$
|
182,487
|
|
|
$
|
198,073
|
|
|
$
|
128,404
|
|
|
$
|
117,026
|
|
|
$
|
1,565
|
|
|
$
|
1,786
|
|
|
$
|
312,456
|
|
|
$
|
316,885
|
|
|
Operating earnings (loss)
|
|
$
|
24,414
|
|
|
$
|
33,747
|
|
|
$
|
25,114
|
|
|
$
|
22,495
|
|
|
$
|
(9,780
|
)
|
|
$
|
(5,864
|
)
|
|
$
|
39,748
|
|
|
$
|
50,378
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blowfish Malibu acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
932
|
|
|
—
|
|
|
68
|
|
|
—
|
|
|
1,000
|
|
|
—
|
|
|
Vionic acquisition-related costs
|
|
—
|
|
|
—
|
|
|
914
|
|
|
—
|
|
|
4,108
|
|
|
—
|
|
|
5,022
|
|
|
—
|
|
|
Acquisition, integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
1,055
|
|
|
—
|
|
|
109
|
|
|
—
|
|
|
1,164
|
|
|
—
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
2,901
|
|
|
—
|
|
|
4,285
|
|
|
—
|
|
|
7,186
|
|
|
—
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
24,414
|
|
|
$
|
33,747
|
|
|
$
|
28,015
|
|
|
$
|
22,495
|
|
|
$
|
(5,495
|
)
|
|
$
|
(5,864
|
)
|
|
$
|
46,934
|
|
|
$
|
50,378
|
|
|
(1) The thirteen-week period ended October 28, 2017
excludes sales from Allen Edmonds.
|
|
|
|
|
|
|
|
|
|
CALERES, INC.
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS BY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
(Thousands)
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
Net sales
|
|
$
|
365,160
|
|
|
$
|
393,085
|
|
|
$
|
382,001
|
|
|
$
|
334,736
|
|
|
$
|
(26,898
|
)
|
|
$
|
(25,356
|
)
|
|
$
|
720,263
|
|
|
$
|
702,465
|
|
|
Gross profit
|
|
$
|
156,028
|
|
|
$
|
175,362
|
|
|
$
|
123,212
|
|
|
$
|
118,415
|
|
|
$
|
(1,528
|
)
|
|
$
|
(382
|
)
|
|
$
|
277,712
|
|
|
$
|
293,395
|
|
|
Adjusted gross profit
|
|
$
|
156,028
|
|
|
$
|
175,362
|
|
|
$
|
133,197
|
|
|
$
|
118,415
|
|
|
$
|
(1,528
|
)
|
|
$
|
(382
|
)
|
|
$
|
287,697
|
|
|
$
|
293,395
|
|
|
Gross profit rate
|
|
42.7
|
%
|
|
44.6
|
%
|
|
32.3
|
%
|
|
35.4
|
%
|
|
5.7
|
%
|
|
1.5
|
%
|
|
38.6
|
%
|
|
41.8
|
%
|
|
Adjusted gross profit rate
|
|
42.7
|
%
|
|
44.6
|
%
|
|
34.9
|
%
|
|
35.4
|
%
|
|
5.7
|
%
|
|
1.5
|
%
|
|
39.9
|
%
|
|
41.8
|
%
|
|
Operating earnings (loss)
|
|
$
|
5,757
|
|
|
$
|
13,093
|
|
|
$
|
(93,450
|
)
|
|
$
|
27,082
|
|
|
$
|
(6,744
|
)
|
|
$
|
(14,584
|
)
|
|
$
|
(94,437
|
)
|
|
$
|
25,591
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
6,149
|
|
|
$
|
13,657
|
|
|
$
|
20,678
|
|
|
$
|
27,237
|
|
|
$
|
(6,341
|
)
|
|
$
|
(14,361
|
)
|
|
$
|
20,486
|
|
|
$
|
26,533
|
|
|
Operating earnings (loss) %
|
|
1.6
|
%
|
|
3.3
|
%
|
|
(24.5
|
)%
|
|
8.1
|
%
|
|
25.1
|
%
|
|
57.5
|
%
|
|
(13.1
|
)%
|
|
3.6
|
%
|
|
Adjusted operating earnings %
|
|
1.7
|
%
|
|
3.5
|
%
|
|
5.4
|
%
|
|
8.1
|
%
|
|
23.6
|
%
|
|
56.6
|
%
|
|
2.8
|
%
|
|
3.8
|
%
|
|
Same-store sales % (on a 13-week basis) (1)
|
|
1.1
|
%
|
|
2.8
|
%
|
|
0.2
|
%
|
|
5.9
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
Number of stores
|
|
992
|
|
|
1,026
|
|
|
229
|
|
|
236
|
|
|
—
|
|
|
—
|
|
|
1,221
|
|
|
1,262
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
13 Weeks
Ended
|
|
14 Weeks
Ended
|
|
(Thousands)
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
Gross profit
|
|
$
|
156,028
|
|
|
$
|
175,362
|
|
|
$
|
123,212
|
|
|
$
|
118,415
|
|
|
$
|
(1,528
|
)
|
|
$
|
(382
|
)
|
|
$
|
277,712
|
|
|
$
|
293,395
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blowfish Malibu acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
244
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
244
|
|
|
—
|
|
|
Vionic acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
7,973
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7,973
|
|
|
—
|
|
|
Brand Portfolio - business exits
|
|
—
|
|
|
—
|
|
|
1,768
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,768
|
|
|
—
|
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
9,985
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
9,985
|
|
|
—
|
|
|
Adjusted gross profit
|
|
$
|
156,028
|
|
|
$
|
175,362
|
|
|
$
|
133,197
|
|
|
$
|
118,415
|
|
|
$
|
(1,528
|
)
|
|
$
|
(382
|
)
|
|
$
|
287,697
|
|
|
$
|
293,395
|
|
|
Operating earnings (loss)
|
|
$
|
5,757
|
|
|
$
|
13,093
|
|
|
$
|
(93,450
|
)
|
|
$
|
27,082
|
|
|
$
|
(6,744
|
)
|
|
$
|
(14,584
|
)
|
|
$
|
(94,437
|
)
|
|
$
|
25,591
|
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impairment of goodwill and intangible assets
|
|
—
|
|
|
—
|
|
|
98,044
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
98,044
|
|
|
—
|
|
|
Integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
984
|
|
|
—
|
|
|
30
|
|
|
—
|
|
|
1,014
|
|
|
—
|
|
|
Logistics transition
|
|
—
|
|
|
—
|
|
|
4,488
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,488
|
|
|
—
|
|
|
Blowfish Malibu acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
244
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
244
|
|
|
—
|
|
|
Vionic acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
7,973
|
|
|
—
|
|
|
373
|
|
|
—
|
|
|
8,346
|
|
|
—
|
|
|
Brand Portfolio - business exits
|
|
—
|
|
|
—
|
|
|
2,395
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,395
|
|
|
—
|
|
|
Retail operations restructuring
|
|
392
|
|
|
564
|
|
|
—
|
|
|
155
|
|
|
—
|
|
|
223
|
|
|
392
|
|
|
942
|
|
|
Total charges/other items
|
|
392
|
|
|
564
|
|
|
114,128
|
|
|
155
|
|
|
403
|
|
|
223
|
|
|
114,923
|
|
|
942
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
6,149
|
|
|
$
|
13,657
|
|
|
$
|
20,678
|
|
|
$
|
27,237
|
|
|
$
|
(6,341
|
)
|
|
$
|
(14,361
|
)
|
|
$
|
20,486
|
|
|
$
|
26,533
|
|
|
(1) The fourteen-week period ended February 3, 2018
excludes sales from Allen Edmonds.
|
|
|
|
|
|
CALERES, INC.
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS BY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUMMARY FINANCIAL RESULTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Eliminations and Other
|
|
Consolidated
|
|
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
(Thousands)
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
Net sales
|
|
$
|
1,606,808
|
|
|
$
|
1,637,627
|
|
|
$
|
1,313,551
|
|
|
$
|
1,233,081
|
|
|
$
|
(85,513
|
)
|
|
$
|
(85,124
|
)
|
|
$
|
2,834,846
|
|
|
|
$
|
2,785,584
|
|
|
Gross profit
|
|
$
|
690,830
|
|
|
$
|
724,434
|
|
|
$
|
466,919
|
|
|
$
|
444,164
|
|
|
$
|
(1,405
|
)
|
|
$
|
51
|
|
|
$
|
1,156,344
|
|
|
|
$
|
1,168,649
|
|
|
Adjusted gross profit
|
|
$
|
690,830
|
|
|
$
|
724,434
|
|
|
$
|
479,291
|
|
|
$
|
449,103
|
|
|
$
|
(1,405
|
)
|
|
$
|
51
|
|
|
$
|
1,168,716
|
|
|
|
$
|
1,173,588
|
|
|
Gross profit rate
|
|
43.0
|
%
|
|
44.2
|
%
|
|
35.5
|
%
|
|
36.0
|
%
|
|
1.6
|
%
|
|
—
|
%
|
|
40.8
|
|
%
|
|
42.0
|
%
|
|
Adjusted gross profit rate
|
|
43.0
|
%
|
|
44.2
|
%
|
|
36.5
|
%
|
|
36.4
|
%
|
|
1.6
|
%
|
|
—
|
%
|
|
41.2
|
|
%
|
|
42.1
|
%
|
|
Operating earnings (loss)
|
|
$
|
85,268
|
|
|
$
|
92,230
|
|
|
$
|
(40,799
|
)
|
|
$
|
80,160
|
|
|
$
|
(44,068
|
)
|
|
$
|
(44,707
|
)
|
|
$
|
401
|
|
|
|
$
|
127,683
|
|
|
Adjusted operating earnings (loss)
|
|
$
|
85,660
|
|
|
$
|
92,794
|
|
|
$
|
80,152
|
|
|
$
|
86,736
|
|
|
$
|
(38,861
|
)
|
|
$
|
(41,993
|
)
|
|
$
|
126,951
|
|
|
|
$
|
137,537
|
|
|
Operating earnings (loss) %
|
|
5.3
|
%
|
|
5.6
|
%
|
|
(3.1
|
)%
|
|
6.5
|
%
|
|
51.5
|
%
|
|
52.5
|
%
|
|
0.0
|
|
%
|
|
4.6
|
%
|
|
Adjusted operating earnings %
|
|
5.3
|
%
|
|
5.7
|
%
|
|
6.1
|
%
|
|
7.0
|
%
|
|
45.4
|
%
|
|
49.3
|
%
|
|
4.5
|
|
%
|
|
4.9
|
%
|
|
Same-store sales % (on a 52-week basis) (1)
|
|
1.5
|
%
|
|
1.4
|
%
|
|
(0.1
|
)%
|
|
6.4
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
|
%
|
|
—
|
%
|
|
Number of stores
|
|
992
|
|
|
1,026
|
|
|
229
|
|
|
236
|
|
|
—
|
|
|
—
|
|
|
1,221
|
|
|
|
1,262
|
|
|
(1) The fifty-three week period ended February 3, 2018 excludes
sales from Allen Edmonds.
|
|
|
|
|
|
|
|
SCHEDULE 5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CALERES, INC.
|
|
SUMMARY FINANCIAL RESULTS BY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
|
|
Famous Footwear
|
|
Brand Portfolio
|
|
Other
|
|
Consolidated
|
|
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
52 Weeks
Ended
|
|
53 Weeks
Ended
|
|
(Thousands)
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
February 2,
2019
|
|
February 3,
2018
|
|
Gross profit
|
|
$
|
690,830
|
|
|
$
|
724,434
|
|
|
$
|
466,919
|
|
|
$
|
444,164
|
|
|
$
|
(1,405
|
)
|
|
$
|
51
|
|
|
$
|
1,156,344
|
|
|
$
|
1,168,649
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,939
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,939
|
|
Blowfish Malibu acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
1,717
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,717
|
|
|
—
|
|
Vionic acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
8,886
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
8,886
|
|
|
—
|
|
Brand Portfolio - business exits
|
|
—
|
|
|
—
|
|
|
1,769
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,769
|
|
|
—
|
|
Total charges/other items
|
|
—
|
|
|
—
|
|
|
12,372
|
|
|
4,939
|
|
|
—
|
|
|
—
|
|
|
12,372
|
|
|
4,939
|
|
Adjusted gross profit
|
|
$
|
690,830
|
|
|
$
|
724,434
|
|
|
$
|
479,291
|
|
|
$
|
449,103
|
|
|
$
|
(1,405
|
)
|
|
$
|
51
|
|
|
$
|
1,168,716
|
|
|
$
|
1,173,588
|
|
Operating earnings (loss)
|
|
$
|
85,268
|
|
|
$
|
92,230
|
|
|
$
|
(40,799
|
)
|
|
$
|
80,160
|
|
|
$
|
(44,068
|
)
|
|
$
|
(44,707
|
)
|
|
$
|
401
|
|
|
$
|
127,683
|
|
Charges/Other Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impairment of goodwill and intangible assets
|
|
—
|
|
|
—
|
|
|
98,044
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
98,044
|
|
|
—
|
|
Integration and reorganization of men's brands
|
|
—
|
|
|
—
|
|
|
5,421
|
|
|
6,421
|
|
|
420
|
|
|
2,491
|
|
|
5,841
|
|
|
8,912
|
|
Logistics transition
|
|
—
|
|
|
—
|
|
|
4,488
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,488
|
|
|
—
|
|
Blowfish Malibu acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
1,717
|
|
|
—
|
|
|
305
|
|
|
—
|
|
|
2,022
|
|
|
—
|
|
Vionic acquisition and integration-related costs
|
|
—
|
|
|
—
|
|
|
8,886
|
|
|
—
|
|
|
4,482
|
|
|
—
|
|
|
13,368
|
|
|
—
|
|
Brand Portfolio - business exits
|
|
—
|
|
|
—
|
|
|
2,395
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,395
|
|
|
—
|
|
Retail operations restructuring
|
|
392
|
|
|
564
|
|
|
—
|
|
|
155
|
|
|
—
|
|
|
223
|
|
|
392
|
|
|
942
|
|
Total charges/other items
|
|
392
|
|
|
564
|
|
|
120,951
|
|
|
6,576
|
|
|
5,207
|
|
|
2,714
|
|
|
126,550
|
|
|
9,854
|
|
Adjusted operating earnings (loss)
|
|
85,660
|
|
|
92,794
|
|
|
80,152
|
|
|
86,736
|
|
|
(38,861
|
)
|
|
(41,993
|
)
|
|
126,951
|
|
|
137,537
|
