Caleres, Inc.
 (CAL)

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  • Nov. 25, 2015, 10:09 AM
    • Caleres (CAL +6.4%) trades higher after the company bested Q3 profit estimates.
    • Sales were essentially flat from the year-ago period, while gross margin and operating margin slipped just a bit.
    • Caleres ended the quarter with an inventory position 4% below last year's level.
    | Nov. 25, 2015, 10:09 AM
  • Nov. 20, 2015, 11:47 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
    • A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
    • Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
    • The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
    • Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
    | Nov. 20, 2015, 11:47 AM | 2 Comments
  • Oct. 23, 2015, 10:37 AM
    • Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
    • Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
    • Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
    • Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
    | Oct. 23, 2015, 10:37 AM | 28 Comments
  • May 27, 2015, 7:48 AM
    • Brown Shoes (NYSE:BWS) reports revenue for Brand Portfolio grew 7.9% to $242.3M in Q1.
    • Revenue for Famous Footwear declined 1.8% to $360M.
    • Famous Footwear same-store sales were up 3.1%.
    • Gross margin rate increased 30 bps to 41.3%.
    • SG&A expense rate +20 bps to 36.3%.
    • Operating margin rate +10 bps to 5%.
    • Inventory -2.8% to $498.5M.
    • FY2015 Guidance: Net sales: $2.61B to $2.63B; Famous Footwear same-store sales: up low-single digits; Famous Footwear sales: flat; Brand Portfolio sales: up mid-single digits; Gross margin rate: +15 bps; SG&A: less than or equal to 35.4% of sales; Net interest expense: ~$18M; Tax rate: 30% to 33%; Diluted EPS: $1.84 to $1.94; D&A: ~$53M; Capex: ~$75M.
    | May 27, 2015, 7:48 AM
  • Mar. 17, 2015, 11:31 AM
    • Shoe stocks are higher after DSW impresses with its quarterly report and Foot Locker is tapped for more gains.
    • The sector has outperformed broad retail this year buoyed by strong demand for athletic shoes.
    • Previously: DSW +7% after impressive comp (Mar. 17 2015)
    • Previously: Foot Locker investment seen as a safer Nike bet (Mar. 17 2015)
    • Gainers: DSW +4.1%, Brown Shoe (NYSE:BWS) +3.1%, Steven Madden (NASDAQ:SHOO) +1.9%, Finish Line (NASDAQ:FINL) +1.1%, Foot Locker (NYSE:FL) +1.1%, Shoe Carnival (NASDAQ:SCVL) +1.1%.
    | Mar. 17, 2015, 11:31 AM | 6 Comments
  • Mar. 11, 2015, 7:52 AM
    • Brown Shoes (NYSE:BWS) reports revenue for Famous Footwear was up 0.8% to $369.4M in Q4 and the Brand Portfolio showed a sales gain of 5.4% to $246M.
    • Gross margin rate came in flat during the period at 40.2%.
    • SG&A expense rate -90 bps to 37.6%.
    • Operating earnings +24.7% to $12.7M.
    • Previously: Brown Shoe beats by $0.04, misses on revenue
    • BWS +4.44% premarket.
    | Mar. 11, 2015, 7:52 AM
  • Nov. 25, 2014, 10:22 AM
    • Shares of Brown Shoe (BWS +6%) pop after the company comfortably tops earnings estimates with its Q3 report.
    • The company improved its operating margin by 90 bps Y/Y to 7.3% during the quarter as it lowered its SG&A expenses were held in check.
    • Strong demand in canvas helped to boost results.
    | Nov. 25, 2014, 10:22 AM
  • Aug. 22, 2013, 2:07 PM
    • Brown Shoe Co. (BWS +4.6%) trades notably higher on the session.
    • Earlier Susquehanna upgraded the shares to Positive from Neutral.
    • Price target raised to $28 from $19.
    | Aug. 22, 2013, 2:07 PM
  • Jun. 28, 2013, 3:25 PM

    It's a pretty good day to be long shoe stocks after reports from Nike (NKE +2.4%) and Finish Line (FINL +4.2%) set the tone early and analysts jump on the bandwagon with positive comments on the sector: Advancers: Foot Locker (FL) +2.9%, Deckers Outdoor (DECK) +3.0%, Wolverine Worldwide (WWW) +2.2%, Crocs (CROX) +2.2%, Shoe Carnival (SCHL) +1.3%, Brown Shoe (BWS) +1.6%.

    | Jun. 28, 2013, 3:25 PM | 2 Comments
  • May 29, 2013, 1:23 PM

    Brown Shoe Co. (BWS +12.1%) is a winner today after reporting Q1 earnings that beat estimates. From the report: Gross margin expands 160 basis points Y/Y and adjusted EPS rises 37.7%. Comps growth comes in at +1.1% for the period (+14.2% in April, after "uncooperative weather" dissipated). The company raises its FY13 EPS guidance to $1.22-1.29 versus consensus of $1.23. (PR)

    | May 29, 2013, 1:23 PM
  • May 29, 2013, 12:45 PM
    Midday top 10 gainers: STEI +34%. SFD +25%. VRTB +22%. CLSN +19%. ARTX +19%. BWS +14%. CLNT +12%. PWRD +12%. AEGR +12%. TFM +10%.
    Midday top 10 Losers: OWW -14%. MRC -13%. ALVR -12%. SOCB -11%. TSL -11%. PIP -11%. PRXI -12%. VIMC -11%. WHX -10%. TISA -9%.
    | May 29, 2013, 12:45 PM
  • Apr. 11, 2013, 12:11 PM

    Brown Shoe Company (BWS +5.7%) gets a nice bump as Brean Capital initiates with a Buy. It's a "compelling turnaround story," says analyst Danielle McCoy. On its latest call, the company's CEO Diane Sullivan noted that BWS has "followed through and delivered on strategic initiatives [and is now] a slightly smaller but leaner and more profitable company." 

    | Apr. 11, 2013, 12:11 PM
  • Nov. 20, 2012, 9:58 AM

    Shares of Brown Shoe (BWS +5%) rally after the company beats the profit estimates of analysts and raises its guidance for full-year 2012. A key metric to pull out from the report is that the shoe seller was able to increase its revenue per square foot by 10.3% Y/Y.

    | Nov. 20, 2012, 9:58 AM
  • Aug. 28, 2012, 8:54 AM

    Shares of Brown Shoe (BWS) are on the move, up 4.4% premarket, after the company reports a better-than-forecast profit for Q2. On an earnings CC (webcast), execs keep a cautious tone while stressing the overall improvement in the company's cost controls and debt load.

    | Aug. 28, 2012, 8:54 AM
  • Aug. 28, 2012, 7:21 AM

    More on Brown Shoe (BWS): Revenue at Famous Footwear up 1.6% to $350.3M. Gross margin increased 140 bps to 39.0%, with SG&A expenses trending lower by 120 bps. Closed or relocated 26 stores and added 14 new stores during period. Adjusts its 2012 EPS outlook to $0.85-$0.95 vs. $0.83-$0.95 previous and $0.89 consensus. Shares +6.5% premarket. (PR)

    | Aug. 28, 2012, 7:21 AM
  • Jun. 18, 2012, 10:00 AM

    A profit warning from DSW spills over to taint the shares of other shoe sellers on similar concerns that demand will falter and margins will get squeezed. Decliners: SHOO -4.1%, GCO -3.7%, BWS -2.6%, SCVL -2.1%, CROX -1.6%.

    | Jun. 18, 2012, 10:00 AM
Company Description
Caleres Inc is a footwear retailer and wholesaler. Its activities include the operation of retail shoe stores and e-commerce websites as well as the design, sourcing and marketing of footwear for women and men.