Caleres reports Q4 adjusted EPS 65c, consensus 65c

Reports Q4 revenue $696.4M, consensus $689.71M. "Caleres closed a record-setting 2022 with another quarter of strong sales and earnings performance that exceeded initial expectations," said CEO Jay Schmidt. "Our Q4 results were led by our Brand Portfolio, which experienced strong growth in sales, gross margin and earnings and a solid performance from Famous Footwear, which continues to provide the brands, trends and value aligned with consumer preferences. Overall, Caleres generated annual results well ahead of pre-pandemic levels," said Schmidt. "The power of the Caleres portfolio and the structural changes made in recent years have effectively doubled the baseline earnings power of the company. Looking ahead, we are confident in our ability to consistently deliver annual earnings per share of more than $4.00, generate strong cash flow, and create long-term value for our shareholders."