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Caleres, Inc. (CAL)

  • Wed, May 27, 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.
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  • Tue, Mar. 17, 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%.
  • Wed, Mar. 11, 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.
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  • 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.
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  • 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.
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  • 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%.
  • 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)
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  • 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%.
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  • 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." 
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  • 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.
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  • 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.
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  • 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)
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  • 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%.
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  • May 18, 2012, 9:47 AM
    Brown Shoe (BWS +7.1%) soars after smashing the estimates of analysts with its Q1 report and raising its outlook for FY12. Though an early Easter drove shoe sales higher during the period, the firm's effective cost management appears to be tipping sentiment.
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  • Mar. 7, 2012, 11:16 AM
    Shares of Brown Shoe (BWS -10.1%) sink after the company misfires with its Q4 results, impacted by declining sales (Y/Y) in its Famous Footwear and Specialty Retail segments. The company says that it's "planning cautiously" for 2012 and expects full-year EPS of $0.78-$0.92.
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  • Aug. 26, 2011, 11:47 AM
    Footwear retailer Brown Shoe Co. (BWS +17.5%) is recovering from yesterday's 14% decline, which followed a weak Q2 report. With 23.7% of Brown Shoe's float short as of Aug. 15, short-covering is likely having an impact. As might enthusiasm over the $55M sale of Brown Shoe's AND 1 subsidiary, which will reduce the company's huge debt burden.
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Company Description
Caleres Incis 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.