Caleres (CAL) Tops Q4 EPS by 24c, Guidances Tops Consensus

Caleres (NYSE: CAL) reported Q4 EPS of $0.91, $0.24 better than the analyst estimate of $0.67. Revenue for the quarter came in at $679.3 million versus the consensus estimate of $677.21 million.

GUIDANCE:

Caleres sees FY2022 EPS of $3.75-$4.00, versus the consensus of $4.03.

• Inclusive of the company’s current expectations for its underlying business along with anticipated macro challenges that include inflationary pressures, ongoing supply chain dislocations, and lack of comparable governmental stimulus efforts, among others, Caleres expects consolidated sales to be flat to up 3 percent 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 percent 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 percent of its earnings to be in the first half of 2022.

For earnings history and earnings-related data on Caleres (CAL) click here.

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