Caleres, Inc. Provides Earnings Guidance for the Year 2022
March 15, 2022 at 04:20 pm EDT
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Caleres, Inc. provided earnings guidance for the year 2022. The company expects consolidated sales to be flat to up 3% to 2021 sales and earnings per diluted share to be in the range of $3.75 to $4.00. Note this earnings range reflects an approximately 75% increase – at the midpoint – above the company's pre-pandemic high-water mark of $2.21.
With the momentum coming out of the fourth quarter, the company expects 50% of its earnings to be in the first half of 2022.
Caleres, Inc. is a global footwear company. The Company operates retail shoe stores and e-commerce websites, and designs, develops, sources, manufactures and distributes footwear for people of all ages. The Company operates through two segments: Famous Footwear and Brand Portfolio. The Famous Footwear segment consists of its Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. The Famous Footwear segment operates over 860 stores selling primarily branded footwear for the entire family. The Brand Portfolio segment includes its wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers and mass merchandisers, as well as Company-owned Famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses, including naturalizer.com, naturalizer.ca, naturalizer.co.uk and others.
CALERES, INC. 
