Loading...
01/10 16:57
Loading...
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call summary reveals weak financial performance with declining sales and margins, despite a slight EPS increase. The Q&A session highlighted concerns about tariffs, inventory, and cautious consumer spending. Guidance indicates further sales decline, with operational margin expected to be lowest in Q1. Despite shareholder returns through buybacks, the negative trends and economic uncertainties outweigh positives. Given the small market cap, the stock is likely to react negatively, aligning with the negative sentiment from financial results and guidance.
Earnings Per Share (EPS) Fourth quarter adjusted EPS of $0.33, up from $0.27 year-over-year.
Consolidated Sales Fourth quarter consolidated sales were $639.2 million, down 8.3% year-over-year.
Brand Portfolio Sales Brand Portfolio sales declined 7.2% in the fourth quarter.
Famous Footwear Sales Famous sales were down 9.6% in total and down 2.9% on a comparable basis.
Gross Margin Fourth quarter consolidated gross margin was 43%, an 80 basis point decrease year-over-year.
SG&A Expenses SG&A for the fourth quarter was $261.7 million, down $11.2 million year-over-year.
Operating Earnings Fourth quarter operating earnings were $13.4 million, or 2.1% of sales.
Net Interest Expense Fourth-quarter net interest expense was $3.9 million, down slightly year-over-year.
Cash Flow from Operations Generated $105 million in cash flow from operations.
Inventory Year-end inventory was $565 million, up 4.5% year-over-year.
Debt-to-EBITDA Ratio Debt-to-trailing 12-month EBITDA ratio of 1 times.
New Product Launches: Vionic launched the Walk Max sneaker and the 23Walk Loafer, expanding its position in the walking category.
New Brand Collaborations: Naturalizer will announce new brand ambassadors and collaborations to enhance brand visibility.
New Brand Launch: Caleres announced the launch of Favorite Daughter footwear under license for fall 2025.
Market Share Growth: Caleres gained market share in women’s fashion footwear according to Circana.
International Expansion: Activated new premium wholesale partnerships in Europe and expanded in China and Southeast Asia with new stores.
Supply Chain Evolution: Accelerated supply chain evolution, expecting 75% of direct product sourcing to be outside of China by Q2 2025.
Inventory Management: Famous Footwear effectively cleared excess seasonal inventory and is positioned well with fresh product introductions.
Acquisition: Caleres announced a definitive agreement to acquire Stuart Weitzman from Tapestry, enhancing exposure to contemporary segments.
Leadership Changes: Brian Costello appointed as Chief Merchandising Officer for Famous Footwear to enhance merchandising leadership.
Competitive Pressures: The company is facing challenges with cautious consumer spending and a decline in demand among value-oriented brands, which may impact sales and market share.
Regulatory Issues: The company anticipates continued economic uncertainty due to inflation and new tariffs imposed on imports from China, which could affect pricing strategies and profit margins.
Supply Chain Challenges: Caleres is transitioning 75% of its direct product sourcing outside of China to mitigate tariff impacts, but the remaining sourcing from China is still subject to additional tariffs.
Economic Factors: The current macroeconomic environment is characterized by persistent inflation, which is leading to cautious inventory management by retail partners and could affect overall sales.
Inventory Management: The company ended the year with increased inventory levels, which may pose risks if consumer demand does not improve.
Sales Performance: Sales were down approximately 4% year-over-year, with specific declines in boot sales and overall softness in the wholesale segment.
Market Share: Caleres gained market share in women’s fashion footwear according to Circana.
Supply Chain Evolution: Accelerated evolution of the supply chain, expecting 75% of direct product sourcing to be outside of China by the end of Q2 2025.
Strategic Investments: Invested to support long-term growth while reducing expenses in other areas.
Acquisition of Stuart Weitzman: Announced definitive agreement to acquire Stuart Weitzman, enhancing exposure to contemporary segment and premium price points.
New Brand Launch: Launching Favorite Daughter footwear under license for fall 2025.
Leadership Changes: Hired Brian Costello as Chief Merchandising Officer for Famous Footwear.
2025 Sales Guidance: Expect consolidated sales to be down 1% to up 1%, with Famous sales down low-single digits and Brand Portfolio sales up 1% to 2%.
Operating Margin Guidance: Expect consolidated operating margin of 5.1% to 5.6%.
Earnings Per Share Guidance: Expect earnings per diluted share of $2.80 to $3.20.
Capital Expenditures Guidance: Expect capital expenditures of $50 million to $55 million.
Q1 Sales Guidance: Expect sales to be down 5% to 6% and earnings per diluted share of $0.35 to $0.40.
Shareholder Return: Returned approximately $75 million to shareholders through buybacks and dividends.
Share Repurchase: Repurchased 1.9 million shares during the year.
The earnings call reveals significant negative factors: a 75% drop in EPS, a 6.8% decline in sales, decreased gross margins, and suspended guidance. Despite some positive elements like strategic investments and supply chain evolution, these are overshadowed by financial setbacks and uncertainties. The Q&A section highlighted management's vague responses, indicating potential risks and lack of clarity. Given the company's small-cap status, these issues are likely to result in a strong negative stock price movement over the next two weeks.
The earnings call summary reveals weak financial performance with declining sales and margins, despite a slight EPS increase. The Q&A session highlighted concerns about tariffs, inventory, and cautious consumer spending. Guidance indicates further sales decline, with operational margin expected to be lowest in Q1. Despite shareholder returns through buybacks, the negative trends and economic uncertainties outweigh positives. Given the small market cap, the stock is likely to react negatively, aligning with the negative sentiment from financial results and guidance.
The earnings call highlights weak sales performance, declining EPS, and gross margin issues. The Q&A reveals management's cautious outlook, particularly in China, and a lack of clarity on margin impact. Despite share buybacks, the challenging footwear environment and markdowns are concerning. Given the company's small market cap, the negative sentiment is likely to lead to a stock price decline in the range of -2% to -8% over the next two weeks.
The earnings call summary presents mixed signals. Despite a record gross margin and EPS beat, there are concerns about sales decline and ERP issues. The Q&A highlights confidence in resolving ERP challenges and positive trends in athletic brands, yet acknowledges competitive pressures and economic factors. Restructuring savings and store closures add complexity. The market cap suggests moderate sensitivity to news. Overall, the combination of positive and negative factors leads to a neutral prediction, expecting the stock price to remain within -2% to 2% over the next two weeks.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
