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Caleres Inc (CAL.N)

CAL.N on New York Stock Exchange

7.53USD
11 Aug 2020
Change (% chg)

$0.31 (+4.29%)
Prev Close
$7.22
Open
$7.53
Day's High
$7.83
Day's Low
$7.43
Volume
323,795
Avg. Vol
310,222
52-wk High
$24.85
52-wk Low
$3.12

Latest Key Developments (Source: Significant Developments)

Caleres Reports Q1 Loss Per Share $8.95
Friday, 5 Jun 2020 

June 4 (Reuters) - Caleres Inc ::CALERES REPORTS FIRST QUARTER 2020 RESULTS.Q1 LOSS PER SHARE $8.95.Q1 SALES $397.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $426.9 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.86 -- REFINITIV IBES DATA.COMPANY IS NOT PROVIDING FORMAL FINANCIAL GUIDANCE FOR FISCAL YEAR 2020.CALERES - Q1 BRAND PORTFOLIO SALES OF $217.2 MILLION, DOWN 36.3 PERCENT.REDUCED INVENTORY BY 9.7 PERCENT AT QUARTER END FROM SAME PERIOD LAST YEAR.REDUCED CAPITAL SPENDING CUTTING 40 PERCENT FROM PLANNED 2020 BUDGET.  Full Article

Caleres Inc Expands Liquidity Position
Wednesday, 15 Apr 2020 

April 14 (Reuters) - Caleres Inc ::CALERES EXPANDS LIQUIDITY POSITION.CALERES INC - EXERCISES ACCORDION FEATURE.CALERES INC - EXERCISED A PORTION OF ACCORDION FEATURE ON ITS ASSET-BASED REVOLVING CREDIT FACILITY.CALERES INC - EXERCISE INCREASES AVAILABLE BORROWING CAPACITY UNDER FACILITY BY $100 MILLION.CALERES INC - REDUCED 2020 CAPEX BUDGET BY 40% TO ABOUT $30 MILLION..  Full Article

Caleres Provides Business Update
Thursday, 2 Apr 2020 

April 2 (Reuters) - Caleres Inc ::CALERES PROVIDES BUSINESS UPDATE.CALERES INC - CALERES FOUND IT NECESSARY TO LAY OFF OR FURLOUGH ASSOCIATES ACROSS ITS RETAIL STORES, DISTRIBUTION CENTERS AND CORPORATE OPERATIONS.CALERES - IMPLEMENTED MEANINGFUL SALARY REDUCTION ACROSS ALL LEVELS OF REMAINING GLOBAL WORKFORCE, INCLUDING EXECUTIVE LEADERSHIP TEAM AND CO'S BOARD.CALERES INC - FURLOUGHED EMPLOYEES WILL CONTINUE TO RECEIVE HEALTHCARE BENEFITS, WITH CALERES PAYING BOTH EMPLOYEE AND COMPANY PREMIUMS.CALERES INC - COMPANY EXPECTS TO MAINTAIN MINIMAL STAFFING LEVELS WHILE ITS STORES ARE CLOSED.CALERES INC - COMPANY'S BRANDED RETAIL AND FAMOUS FOOTWEAR STORES WILL REMAIN CLOSED UNTIL FURTHER NOTICE.  Full Article

Caleres Says Withdraws 2020 Financial Guidance
Thursday, 19 Mar 2020 

March 18 (Reuters) - Caleres Inc ::CALERES PROVIDES UPDATE ON COVID-19.WITHDRAWS 2020 FINANCIAL GUIDANCE.CALERES HAS ELECTED TO CLOSE ITS REMAINING FAMOUS FOOTWEAR LOCATIONS.CALERES - ADDITIONAL CLOSURES WILL BEGIN MARCH 19, WITH ALL RETAIL LOCATIONS EXPECTED TO REMAIN CLOSED THROUGH APRIL 2.  Full Article

Caleres Q4 Same Store Sales Rises 5.1%
Friday, 13 Mar 2020 

March 12 (Reuters) - Caleres Inc ::CALERES REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 SALES $698.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $711.1 MILLION.Q4 SAME STORE SALES ROSE 5.1 PERCENT.Q4 ADJUSTED EARNINGS PER SHARE $0.34.Q4 EARNINGS PER SHARE $0.01 INCLUDING ITEMS.Q4 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES DATA.DO ANTICIPATE DISRUPTIONS RELATED TO CORONAVIRUS AND ARE EXPECTING HEADWINDS BETWEEN $0.15 AND $0.20 PER SHARE IN Q1 OF 2020.SEES 2020 CONSOLIDATED NET SALES FLAT AT $2.95 BILLION.SEES 2020 EARNINGS PER DILUTED SHARE $ 1.95 TO $2.15.FY2020 EARNINGS PER SHARE VIEW $2.17, REVENUE VIEW $2.93 BILLION -- REFINITIV IBES DATA.  Full Article

Caleres Reports Preliminary Q4 Consolidated Net Sales Of About $700 Mln, Down 3%
Friday, 14 Feb 2020 

Feb 13 (Reuters) - Caleres Inc ::CALERES REPORTS PRELIMINARY FOURTH QUARTER 2019 NET SALES RESULTS.QTRLY CONSOLIDATED NET SALES OF APPROXIMATELY $700 MILLION, DOWN 3%.SEES Q4 FAMOUS FOOTWEAR NET SALES OF APPROXIMATELY $370 MILLION, WITH SAME-STORE-SALES UP 5.1%.SEES Q4 BRAND PORTFOLIO NET SALES OF APPROXIMATELY $346 MILLION, DOWN APPROXIMATELY 9%."HOLIDAY SALES AT A NUMBER OF OUR RETAIL PARTNERS WERE DISAPPOINTING AND OUR SELLING IN VALUE CHANNEL HAS BEEN DIFFICULT".IN Q4, COMPANY COMPLETED A VOLUNTARY EARLY RETIREMENT PROGRAM.CALERES- IN Q4 TOOK OTHER RESTRUCTURING ACTIONS RESULTING IN ANTICIPATED ANNUALIZED SAVINGS OF $8-$10 MILLION.  Full Article

Caleres Reports Q3 Earnings Per Share $0.69
Tuesday, 26 Nov 2019 

Nov 25 (Reuters) - Caleres Inc ::CALERES REPORTS THIRD QUARTER 2019 RESULTS.Q3 EARNINGS PER SHARE $0.69.Q3 SALES $792.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $820 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.83 -- REFINITIV IBES DATA.Q3 ADJUSTED EARNINGS PER SHARE $0.78 INCLUDING ITEMS.FULL-YEAR ADJUSTED EPS GUIDANCE TOP-END NARROWED BY $0.05 TO $2.35-$2.40 TO REFLECT TARIFF IMPACTS.  Full Article

Caleres Board Of Directors Authorizes Stock Repurchase Program
Friday, 6 Sep 2019 

Sept 5 (Reuters) - Caleres Inc ::CALERES BOARD OF DIRECTORS AUTHORIZES STOCK REPURCHASE PROGRAM.CALERES INC - AUTHORIZED A STOCK REPURCHASE PROGRAM OF UP TO 5.0 MILLION SHARES.CALERES INC - PROGRAM IS IN ADDITION TO EXISTING STOCK REPURCHASE PROGRAM.CALERES INC - AUTHORIZED A STOCK REPURCHASE PROGRAM OF UP TO 5.0 MILLION SHARES..CALERES INC - PROGRAM IS IN ADDITION TO EXISTING STOCK REPURCHASE PROGRAM.CALERES INC - PORTION OF SHARES FROM NEW REPURCHASE PROGRAM MAY BE USED FOR EMPLOYEE BENEFITS PLANS.CALERES INC - STOCK REPURCHASE AUTHORIZATION DOES NOT HAVE AN EXPIRATION DATE.  Full Article

Caleres Says Management Reporting & Segment Presentation Changed
Thursday, 23 May 2019 

May 22 (Reuters) - Caleres Inc ::CALERES - CHANGED MANAGEMENT REPORTING & SEGMENT PRESENTATION, WILL CONTINUE TO PRESENT 2 REPORTABLE SEGMENTS: FAMOUS FOOTWEAR & BRAND PORTFOLIO.  Full Article

BRIEF-Caleres Says Withdraws 2020 Financial Guidance

* CALERES HAS ELECTED TO CLOSE ITS REMAINING FAMOUS FOOTWEAR LOCATIONS