Slide 1: First Quarter 2018 Earnings
CALERES First Quarter 2018 Earnings May 31, 2018
Slide 2: Safe harbor statement
Safe harbor statement Under the private securities litigation reform act of 1995 This presentation contains certain forward-looking statements and expectations regarding the company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties
Slide 3: Overview: 1Q'18 vs. 1Q'17
Overview : 1Q’18 vs. 1Q’17 Consolidated • Sales of $632.1M – Essentially flat YoY • Gross profit of $274.9M – Margin improved 59 bps • SG&A up 1.5% YoY – Expected increase in DC expense, due to transition to in-house fulfillment • Effective tax rate of 23.1% vs. 28.8% – Adjusted tax rate of 23.4% vs
Slide 4: Operating highlights: 1Q'18 vs. 1Q'17
Operating highlights : 1Q’18 vs. 1Q’17 Famous Footwear Sales of $363.4M, down 0.8% • Comp sales down 0.8% − YTD comps now trending up 1% • Ecomm-related sales represented 10% of total • Op margin up 48 bps to 6.0% • Operated 39 fewer doors YoY Brand Portfolio Sales of $268.7M, up 1.4% • Ecomm-relate
Slide 5: Other metrics: 1Q'18 vs. 1Q'17
Other metrics : 1Q’18 vs. 1Q’17 US$M, except per share (unaudited) 1Q’18 1Q’17 1Q Chg Gross profit $274.9 $270.9 1.5% Margin 43.5% 42.9% 59 Adj. gross profit $274.9 $273.9 0.4% Adjusted margin 43.5% 43.4% 11 SG&A $250.2 $246.5 1.5% Percent of sales 39.6% 39.0% 54 Op earnings $22.9 $23.3 -1.5% Margin
Slide 6: FY'18: guidance
FY’18 : guidance FY’18 Metric Consolidated net sales of ~$2.8B Famous Footwear same-store-sales up low-single digits Brand Portfolio sales up low-single digits Gross margin up ~5 to 10 bps SG&A down ~5 to 10 bps, as a percent of revenue Interest expense of ~$16M Effective tax rate of 25% to 26% Adju
Slide 7: For more information about CAL, contact ptharp@caleres.com
For more information about CAL, contact ptharp@caleres.com