Caleres (CAL) Tops Q4 EPS by 1c, Tops on Revenue; Offers Guidance
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Caleres Reports Fourth Quarter and Full Year 2023 Results
March 19, 2024 6:45 AM EDTGenerates fourth quarter earnings per share of $1.57 and adjusted earnings per share of $0.86, up 32% year over year Achieves third consecutive year of adjusted earnings per share in excess of $4.00 baseline Delivers fourth quarter sales growth and record adjusted operating earnings in Brand Portfolio segment Reduces revolver borrowings by $40 million compared to third quarter 2023 and more than $125 million from fiscal 2022 Expects fiscal 2024 net sales to be flat to up 2 percent compared to fiscal 2023 Expects fiscal 2024 earnings per share of $4.30 to $4.60
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