Caleres Reports Fourth Quarter and Full Year 2020 Results

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Go back to Caleres Reports Fourth Quarter and Full Year 2020 Results

Caleres (CAL) Tops Q4 EPS by 13c, Revenues Beat

March 16, 2021 4:19 PM EDT

Caleres (NYSE: CAL) reported Q4 EPS of $0.03, $0.13 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $571 million versus the consensus estimate of $555.5 million.

Fourth Quarter 2020 Highlights
(13-weeks ended January 30, 2021 compared to 13-weeks ended February 1, 2020)

Net sales were $571.0 million, down 18.3 percent from the fourth quarter of fiscal 2019Direct-to-consumer represented 75 percent of total net salesA 6.2 percent sales decline in the Famous Footwear segmentA 32.4 percent sales decline in the Brand Portfolio segmentTotal company owned ecommerce website sales increased approximately 25 percent, with ecommerce penetration rising to... More