Caleres, (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that it is reaffirming its financial outlook for consolidated sales, earnings per share and adjusted earnings per share for full year 2023.
“Caleres continues to expect full year 2023 adjusted earnings of $4.10 to $4.20 per share, which would mark the third consecutive year with earnings per share in excess of our $4.00 baseline,” said Jay Schmidt, president and chief executive officer. “Our ability to deliver results ahead of expectations throughout the year and to maintain our earnings outlook, despite a challenging demand environment, underscores yet again the powerful transformation we’ve achieved in the earnings profile of the organization. As we look ahead to 2024, we are focused on executing on our strategic plan to drive long-term value for our shareholders, creating exceptional products and experiences for our consumers, and managing our costs rigorously.”
Caleres still expects the following for fiscal year 2023:
- Consolidated net sales to be down 4.5 percent to 5.5 percent compared to fiscal 2022, including the impact of the 53rd week;
- Diluted earnings per share of $3.96 to $4.06; and
- Adjusted diluted earnings per share of $4.10 and $4.20.
As previously announced, the company will be participating in the 2024 Annual ICR Conference on January 9, 2024. Caleres is scheduled to host a fireside chat on Tuesday, January 9 at 11:30 a.m. Eastern Time. A live audio webcast of the event will be available via the “Investors” section of the company’s website at https://investor.caleres.com/events-and-presentations. An online archive will be available on the site following the event.