CAL - Caleres, Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 9.49 |
| Open | 10.44 |
| Bid | 9.75 x 800 |
| Ask | 11.28 x 1400 |
| Day's Range | 9.96 - 11.50 |
| 52 Week Range | 3.12 - 24.87 |
| Volume | 1,981,094 |
| Avg. Volume | 1,277,214 |
| Market Cap | 409.973M |
| Beta (5Y Monthly) | 1.18 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.33 |
| Earnings Date | Aug 24, 2020 - Aug 28, 2020 |
| Forward Dividend & Yield | 0.28 (2.95%) |
| Ex-Dividend Date | Jun 11, 2020 |
| 1y Target Est | 8.50 |
- Footwear News
Caleres’ Stock Pops Despite Wider-Than-Anticipated Loss — Here’s Why
Famous Footwear continues to carry the company.
- Motley Fool
Caleres Inc (CAL) Q1 2020 Earnings Call Transcript
Joining me on the call today is Diane Sullivan, CEO, President and Chairman; Ken Hannah, Senior Vice President and CFO. Now, I'd like to spend a few minutes talking about our experience with our store reopenings to date.
- Zacks
Caleres Inc. (CAL) Reports Q1 Loss, Misses Revenue Estimates
Caleres Inc. (CAL) delivered earnings and revenue surprises of -11.11% and -2.63%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Caleres Reports First Quarter 2020 Results
Caleres (NYSE: CAL) (caleres.com), today announced financial results for the first quarter ended May 2, 2020. Following a strong start to the year, first quarter 2020 results were significantly impacted by the COVID-19 health crisis and subsequent closures of the company’s retail stores along with the closure of its wholesale partners’ store operations. Despite this, actions taken by Caleres to preserve cash, protect liquidity and capitalize on its enhanced capabilities enabled the company to finish the first quarter with cash levels consistent with when the stores closed in mid-March and the financial flexibility necessary to operate in this dynamic environment.
- Benzinga
Cramer Gives His Opinion On Caleres, Cognex And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said that Hercules Capital Inc (NYSE: HTGC) is like a venture fund, but we don't know what it owns.Cramer is not a buyer of Caleres Inc (NYSE: CAL). He said that footwear is right in the crosshairs of the whole world and he sees it as a take the money and run situation.Cognex Corporation (NASDAQ: CGNX) is a company that actually makes things and it should be celebrated, said Cramer. He likes the stock.Cramer prefers Constellation Brands, Inc. (NYSE: STZ) over Anheuser Busch Inbev NV (NYSE: BUD).Instead of Nio Inc - ADR (NYSE: NIO), Cramer would buy Tesla Inc (NASDAQ: TSLA).Noble Energy, Inc. (NASDAQ: NBL) is a good company and it has some good assets, but it is an oil company, said Cramer. He would rather be in something that has more growth.Frontline Ltd (NYSE: FRO) is a trading vehicle and that is not Cramer's style. He prefers investments.Cramer doesn't want to go against Draftkings Inc (NASDAQ: DKNG). He wants to go with the rally.See more from Benzinga * Cramer Shares His Thoughts On DraftKings, Wells Fargo And More * Cramer Gives His Opinion On Chipotle, Clorox And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
Earnings Preview: Caleres Inc. (CAL) Q1 Earnings Expected to Decline
Caleres Inc. (CAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Caleres Declares Regular Quarterly Dividend
Caleres (NYSE: CAL,calers.com) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on July 1, 2020, to shareholders of record as of June 12, 2020.
- Moody's
Caleres, Inc. -- Moody's announces completion of a periodic review of ratings of Caleres, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Caleres, Inc. New York, May 18, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Caleres, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Business Wire
Caleres to Reopen Retail Stores
Caleres (NYSE: CAL, caleres.com) today announced it has begun a phased reopening of its Famous Footwear and branded – Allen Edmonds, Naturalizer and Sam Edelman – retail stores in a safe and systematic manner.
- Moody's
Caleres, Inc. -- Moody's downgrades Caleres' CFR to B1
Moody's Investors Service (Moody's) downgraded Caleres, Inc.'s (Caleres) corporate family rating (CFR) to B1 from Ba3, probability of default rating (PDR) to B1-PD from Ba3-PD and senior unsecured notes rating to B2 from B1. The speculative grade liquidity rating was downgraded to SGL-3 from SGL-2 and the outlook remains negative.
- Business Wire
Caleres Expands Liquidity Position
Caleres (NYSE: CAL, caleres.com), a diverse portfolio of global footwear brands, today announced it has exercised a portion of the accordion feature on its asset-based revolving credit facility. The exercise increases the available borrowing capacity under the facility by $100 million to a total of $600 million.
- American City Business Journals
Caleres lays off hundreds at its Clayton headquarters
The global footwear company and retailer said it laid off 368 workers, including a large call center staff, at its Clayton headquarters due to the coronavirus pandemic.
- American City Business Journals
Pay cuts, big borrowing: St. Louis public companies move to address coronavirus 'uncertainty'
Firms fight to get ahead of effects from the coronavirus pandemic using cuts, furloughs and hundreds of millions of dollars in new borrowing.
- American City Business Journals
Allen Edmonds temporarily furloughs employees, closes some production until end of month
Caleres, the parent company to Port Washington-based Allen Edmonds, is reducing its operations in response to the COVID-19 pandemic. This includes temporary furloughs of some employees, closing of stores and redirection of manufacturing.
- Business Wire
Caleres Provides Business Update
Caleres (NYSE: CAL, caleres.com), a diverse portfolio of global footwear brands, today provided a business update in light of the rapidly evolving COVID-19 pandemic.
- Thomson Reuters StreetEvents
Edited Transcript of CAL earnings conference call or presentation 12-Mar-20 8:30pm GMT
Q4 2019 Caleres Inc Earnings Call
- Business Wire
Caleres Provides Update on COVID-19
Caleres (NYSE: CAL, caleres.com), a diverse portfolio of global footwear brands, today provided an update on its ongoing response to the extensive spread of COVID-19. In addition to the previous steps the Company has taken to temporarily close its branded retail stores and certain Famous Footwear stores located in highly impacted areas, Caleres has elected to close its remaining Famous Footwear locations.
- Moody's
Caleres, Inc. -- Moody's downgrades Caleres' CFR to Ba3; negative outlook
Moody's Investors Service (Moody's) downgraded Caleres, Inc.'s (Caleres) corporate family rating (CFR) to Ba3 from Ba2, probability of default rating (PDR) to Ba3-PD from Ba2-PD and senior unsecured notes rating to B1 from Ba3. The downgrades reflect Moody's view that the company will be unable to reduce leverage to a level that is appropriate for the Ba2 rating category in 2020 following weaker than expected 2019 earnings and as a result of the expectation for further near-term earnings declines and reduced cash flow generation.
- Simply Wall St.
Earnings Miss: Caleres, Inc. Missed EPS By 22% And Analysts Are Revising Their Forecasts
One of the biggest stories of last week was how Caleres, Inc. (NYSE:CAL) shares plunged 26% in the week since its...
- Footwear News
A ‘Challenging Footwear Market’ Hurts Caleres’ Q4 Profits, Sales
Caleres Inc. today posted fourth-quarter earnings that fell short of expectations in what the firm's management has described as a challenging footwear market.For the quarter, the company posted adjusted earnings per share of 34 cents, compared with analysts' forecasts of 40 cents per share. Caleres said those results included a $0.07 dilution related to Vionic interest and amortization expense. Overall, revenues declined 3% to $698.9 million, missing Wall Street's forecast for sales of $711.1 million. Sales across the company's brand portfolio, which includes Sam Edelman, Via Spiga and Dr. Scholl’s, dropped nearly 10%. Meanwhile, Famous Footwear, also a Caleres brand, posted sales of $369.5 million, a modest gain of 1.2%. Same-store sales for the chain were up 5.1%.Still, Diane Sullivan, CEO, president and chairman, said the company did experience a few bright spots, including robust digital growth (23% year over year), the relaunch of legacy brand Zodiac and an exclusive new partnership with Veronica Beard.“Despite a challenging footwear market that resulted in our earnings to be less than expected, Caleres made excellent progress on a range of value-creating strategic objectives during 2019,” she noted.The company also has been taking steps to tighten inventory levels, reduce capital expenditures and implement other cost-control initiatives. “Furthermore, we generated $170.8 million in cash flow from operations and put that cash to good use by investing wisely in our businesses, returning approximately $45 million to shareholders through our share repurchase program and longstanding dividend, and reducing the borrowing under our credit facility by $60 million," Sullivan added.Looking ahead, Caleres said it is proceeding with a cautious outlook in the face of growing coronavirus-related uncertainty. "In the short-term, we do anticipate disruptions related to the virus, and we are expecting headwinds between 15 cents and 20 cents per share in the first quarter of 2020," Sullivan said, noting that potential impacts on the company's full-year results are difficult to quantify at this time and that her team continues to carefully monitor the situation."We are approaching 2020 with a laser focus on managing the variables within our control and leveraging the capabilities of our operations and the investments we’ve made for the future," she said. "We are confident in the strength of our portfolio and firmly believe we have the right team and right strategy in place to manage through this dynamic marketplace." Want more?Caleres Braces for Impact as China Factories Remain Closed Amid CoronavirusAnalysts Are Bullish As Caleres Braces for Tariff ImpactsCaleres Unveils Ambitious Strategic Plan for 2022More from Footwear News * Every Aspiring Shoe Designer Should Have This Quality, According to Industry Experts * Why Caleres Inc. CEO Diane Sullivan Is FN's 2018 Person of the Year * Meet 5 of the Women Who Are Part of Caleres' Majority-Female Board
- Business Wire
Caleres Reports Fourth Quarter and Full Year 2019 Results
Caleres (NYSE: CAL) (caleres.com), a diverse portfolio of global footwear brands, today reported fourth quarter 2019 financial results.
- ACCESSWIRE
Caleres, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / March 12, 2020 / Caleres, Inc. (NYSE:CAL) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 12, 2020 at 4:30 PM Eastern ...
- Simply Wall St.
It Might Be Better To Avoid Caleres, Inc.'s (NYSE:CAL) Upcoming Dividend
Caleres, Inc. (NYSE:CAL) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that investors that...
- Business Wire
Caleres Regular Quarterly Dividend
The quarterly dividend for Caleres (NYSE: CAL, caleres.com) of $0.07 per share will be payable on April 2, 2020, to shareholders of record as of March 18, 2020.
- Footwear News
Sam Edelman Names John McPhee First-Ever Brand President
Sam Edelman has named its first-ever president with the appointment of John McPhee. He will report to Sam Edelman, founder of the Caleres-owned brand.McPhee joins the company from Herman Miller Retail, where he served as president and COO since 2010. Prior to that, he was president of Design Within Reach, before it was acquired by Herman Miller.McPhee will partner with the brand's founder, Edelman, to aid his efforts in premiumizing brand by focusing on key areas such as finance, inventory management and retail operations. The addition of McPhee, noted the company, will allow Edelman to focus on product development and marketing."With Sam and John we now have a winning blend of complementary skills for the Sam Edelman brand," said Diane Sullilvan, CEO, president, and chairman of Caleres. "I am thrilled that John is joining us and look forward to the momentum that the combination of John and Sam as well as the rest of Sam's team will bring to our business."Said Edelman, "John is just the partner I have been looking for. Not only does he have deep knowledge from working within a public company, but he also brings entrepreneurial experience so essential to keeping pace with our consumer. Working together, I anticipate additional success as I trust his business sense and commitment to brand integrity."Added McPhee, "Sam is an icon in the shoe industry. I am excited about collaborating with him and working with the Sam Edelman team to drive continued success through a relentless focus on operational excellence, superior product, and deep consumer connection."Want more?Sam & Libby Edelman on How to Succeed in Business & Their Biggest MistakeSam Edelman's Wild Ride: From Aspiring Actor to Footwear Design LegendWhy Sam Edelman's Passions for Horses and Fashion Are a Winning ComboMore from Footwear News * Add Some Bling to Your Wardrobe With These Bejeweled Sneakers * Nordstrom's Half Yearly Sale Offers Huge Savings -- Here's What to Buy * Most Stylish Studded Heels That Take Your Style Up a Notch
