Slide 1: Third Quarter 2024
THIRD QUARTER 2024 December 5, 2024 1
Slide 2: Safe Harbor
SAFE HARBOR 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 that coul
Slide 3: Caleres
CALERES EST + 1878
Slide 4: Caleres Overview – 3Q24
CALERES OVERVIEW – 3Q24 ADJUSTED ADJUSTED SALES OPERATING EARNINGS INVENTORY in Millions of $ MARGIN PER SHARE in Millions of $ %of Net Sales $649 $798 10.4% $1.59 $784 8.8% $1.37 7.9% $1.23 7.1% $1.15 $586 $762 $556 $543 $741 3Q21 3Q22 3Q23 3Q24 3Q21 3Q22 3Q23 3Q24 3Q21 3Q22 3Q23 3Q24 3Q21 3Q22 3Q2
Slide 5: Third Quarter 2024 Snapshot
THIRD QUARTER 2024 SNAPSHOT SALES GROSS MARGIN ADJUSTED EPS $741M 44.1 % $1.23 Excludes $0.04 from 3Q24 Down 2.8% vs 3Q23, with 72% DTC Down 55 bps vs 3Q23 restructuring initiatives ADJUSTED EBITDA SHARE REPURCHASE INVENTORY $73M $50M +2.7 % In the quarter, approximately 9.9% of sales On adjusted ba
Slide 6: Brand Portfolio 3Q24
BRAND PORTFOLIO 3Q24 SALES GROSS MARGIN $323M 43.8% +0.7% vs 3Q23 +15 bps vs 3Q23 ADJUSTED OPERATING MARKET EARNINGS SHARE $35.1M + 0.4% Represents over 50% of total In Women’s Fashion Footwear and company operating earnings +0.2% in Total Footwear Market* *Source: Circana, LLC, Retail Tracking Serv
Slide 7: Famous Footwear 3Q24
FAMOUS FOOTWEAR 3Q24 SALES GROSS MARGIN $428M 42.9% Down 4.8% YOY, with Down 130 bps vs 3Q23 comparable sales up 2.5% KIDS SALES FAMOUS.COM PENETRATION +8.3% 25% As percent of total sales YOY comp sales increase in the quarter 7
Slide 8: Fiscal 2024 Outlook
FISCAL 2024 OUTLOOK Prior 2024 Annual Revised 2024 Annual Metric Guidance Guidance Sales Change Down low single digits Down 2.5% to 3% Operating Margin 7.0% - 7.1% 6.1% - 6.3% Tax Rate ~24% ~24% GAAP EPS $3.94 - $4.09 $3.35 - $3.45 Adjusted EPS* $4.00 - $4.15 $3.45 - $3.55 Capital Expenditures $50 -
Slide 9: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES Make targeted investments in brands and INVEST FOR ORGANIC capabilities with the greatest opportunity GROWTH for profitable growth CALERES Level PAY DIVIDEND Continue to fund our long-standing dividend C O N S T A N T LY E V A L U AT E S T H E MOST VALUE DEBT REDUCTION
Slide 10: Key Priorities for 2024
KEY PRIORITIES For 2024 DIRECT ENHANCED CONSUMER SPEED AND ENGAGEMENT AGILITY FA M O U S FOOTWEAR INVESTING I N T E R N AT I O N A L CUSTOMER TO POWER GROWTH EXPERIENCE GROWTH 10
Slide 11: Appendix
APPENDIX 11
Slide 12: Reconciliation of Net Earnings and Diluted EPS to Adjusted
CALERES, INC. RECONCILIATION OF NET EARNINGS AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) (Unaudited) Thirteen Weeks Ended November 2, 2024 October 28, 2023 Pre-Tax Net Earnings Pre-Tax Net Earnings Impact of Attributab
Slide 13: Summary Financial Results by Segment
SCHEDULE 5 CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT SUMMARY FINANCIAL RESULTS (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated November 2, October 28, November 2, October 28, November 2, October 28, November 2, October 28, ($ thousands) 2
Slide 14: Calculation of EBITDA and Debt/EBITDA Leverage Ratio
CALERES, INC. CALCULATION OF EBITDA AND DEBT/EBITDA LEVERAGE RATIO (NON-GAAP METRICS) (Unaudited) Thirteen Weeks Ended ($ thousands) November 2, 2024 October 28, 2023 EBITDA: Net earnings attributable to Caleres, Inc. $ 41,427 $ 46,914 Income tax provision 12,699 14,467 Interest expense, net 2,914 4
Slide 15: Reconciliation of Diluted EPS to Adjusted Diluted EPS
CALERES, INC. RECONCILIATION OF DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) (Unaudited) Thirteen Weeks Ended October 30, 2021 October 29, 2022 October 28, 2023 November 2, 2024 GAAP diluted earnings per share $ 1.54 $ 1.08 $ 1.32 $ 1.19 Charges/oth
Slide 16: Thank You
THANK YOU 16