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Stock impact report

Caleres Reports Strong Results in Third Quarter 2022

Caleres, Inc. (CAL) 
Last caleres, inc. earnings: 3/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.caleres.com
Company Research Source: Business Wire
Delivers record quarterly consolidated net sales of $798.3 millionImproves inventory position with a 15.8 percent sequential decline from second quarter 2022Returns $24.1 million to shareholders via share repurchases and dividendsTightens fiscal year 2022 adjusted earnings per share outlook at upper end of previous guidance range ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a diverse portfolio of consumer-driven footwear brands, today reported financial results for the third quarter ended October 29, 2022. During the quarter, Caleres continued its strong performance, achieving record quarterly sales and delivering another period of solid earnings. Net sales rose 1.8 percent year-over-year driven by positive momentum in the Brand Portfolio segment reflecting robust consumer demand for its fashion brands and products. The company achieved net income of $39.2 million, or earnings per diluted share of $1.08. Adjusted net income was $42.0 million, or adjusted earnings per diluted sh Show less Read more
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