Slide 1: First Quarter 2022 Earnings
Slide 2: Under the Private Securities Litigation Reform Act of 1995
Under the private securities litigation reform act of 1995 This slide 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 that could caus
Slide 3: We Are Customer Focused
We Are Customer Focused We Put the Consumer at the Center of Everything We Do 8) Bi We are CALERES x5 x We Are We Are We Are Diversified & Relevant Footwear Experts Fulfillment Leaders We Have a Portfolio of We Have Unmatched We Deliver Footwear Footwear Brands that are Commitment to Continued Any W
Slide 4: Our Purpose and Our Vision
OUR PURPOSE OUR VISION A dynamic and growing portfolio of authentic footwear brands To inspire people to feel great…feet first. built on deep consumer insights, generating unwavering loyalty and trust.
Slide 5: First Quarter 2022 Accomplishments
First Quarter 2022 Accomplishments $735.1 million in total revenue -arecord for the earning per share- arecord for the first quarter > | +144 basis point improvement in consolidated gross margin vs. 1Q21 Ay ™~), 65% total direct-to-consumer business million innet earnings ~a record for the first qua
Slide 6: Famous Footwear
Famous Footwear Quarterly net sales of $384.5 million, representing a3 percent decline over 1Qa21 First quarter record gross margin of 49.2 percent, 405 basis points higher than 1Qa1 Record first quarter operating earnings of $50 million, representing a 4 percent increase over 1Q21 13% return on sal
Slide 7: Brand Portfolio
Brand Portfolio 4 Quarterly net sales of $365.7 million, representing a 46 percent improvement over 1Q21 and including $50 million in shipments to refill wholesale partner inventory pipeline First quarter record gross margin of 38.1 percent, 53 basis points higher than 1Q21 Record quarterly operatin
Slide 8: 2022 Outlook
2022 Outlook FY22 expectations * Consolidated sales, up two percent to five percent vs. fiscal 2021 * Earnings per share of between $4.20 and $4.40 Quarterly considerations * We expect 2Q22 to be inline with 1Q22 levels
Slide 9: Caleres carefully and constantly evaluates the most value-enhancing avenue for its free cash flow
Caleres carefully and constantly evaluates the most value-enhancing avenue for its free cash flow Caleres Shareholder Return History in millions of dollars $60 $56 $45 $40 $34 $28 $20 ~$17 a oe i 2018 2019 2020 2021 1Q22 TB Dividend Share repurchases ~$36 ~S19 2Q22-QID 2022-YTD CAL is committed to a
Slide 10: Appendix
Slide 11: Caleres has significantly reduced and strategically repositioned its debt profile
Caleres has significantly reduced and strategically repositioned its debt profile Caleres Debt Profile in millions of dollars $700 $600 $500 $400 $300 ae : No long-term debt and approximately $10 million in $. i interest expense in 2022 2019 2020 2021 1Q22 . a . . . Will utilize ABL for working capi
Slide 12: Why Invest Now?
Why Invest Now? We have clearly defined capital allocation strategy built around returning a significant percentage of free cash flow to shareholders We believe that the Brand Portfolio is well-positioned to exceed our pre-pandemic earnings levels in 2022 We are targeting another strong earnings yea
Slide 13: Caleres Value Proposition
Caleres Value Proposition We leverage our powerful portfolio of trusted brands to generate strong and durable margins-— enterprise-wide We operate a large and successful direct-to-consumer business, which provides significant access and enables us to reach consumers when, where and how they want to
Slide 14: The Brand Portfolio is poised for a strong earnings performance in 2022
The Brand Portfolio is poised for a strong earnings performance in 2022 “average of Brand Portfolio earnings for 2016-2019 The Brand Portfolio is well positioned to exceed pre- pandemic earnings levels in 2022 Ongoing strong performances from Sam Edelman, Vionic and Blowfish and improving performanc
Slide 15: Famous Footwear 2022 Priorities
We are targeting another strong earnings year for Famous Footwear Famous Footwear 2022 Priorities Distort big brands Maintain inventory Continue full-price Continued growth of Elevate consumer and explore new and turn levels above selling FamousFootwear.com experience with new emerging brands histor
Slide 16: Over the long-term responsible companies are the most profitable companies
Over the long-term responsible companies are the most profitable companies Across our portfolio of brands, we feel passionately that how we ; do business is as \ I ii Company important as how much business we do Published our second environmental, social and governmental (ESG) report in April 2022 W