Slide 1: Third Quarter 2021 Earnings
Third Quarter 2021 Earnings 11.18.2021 CALERES x5*
Slide 2: Under the Private Securities Litigation Reform Act of 1995
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 could cause actu
Slide 3: We are Caleres
We are Caleres Strong business model with a unique set of advantages: * Powerful portfolio of diverse lifestyle brands — rooted in casual, athletic and sport-inspired styles + Acomprehensive set of distribution channels with a large and growing percentage being direct-to-consumer * Arobust understan
Slide 4: Third quarter highlights
$784.2 ~33% +241 MILLION growth in owned basis point improvement in in total revenue ecommerce sales vs. consolidated gross margins vs. 3Q19 3Q19 ~$54 ~$81 $1.59 MILLION MILLION adjusted earnings per share – in cash generated from in operating earnings highest quarterly adjusted earnings operating a
Slide 5: Revenue, Operating Earnings, Adjusted Earnings
Revenue Operating Earnings Adjusted Earnings in millions of dollars in millions of dollars ’ per share $784 $1.59 $648 $0.78 a $0.48 3049 3020 3021 3049 3020 3021 3049 3020 3021 Revenue from exited brands
Slide 6: Famous Footwear 3Q21
Famous Footwear 3Q21 Record quarterly net sales of $494.7 million * Representing a10.8 percent improvement over 3Q19 * Including a ~44 percent increase in ecommerce compared to 3Qu9 Near record gross margin of 47.6 percent * 657 basis points higher than 3Qug Record quarterly operating earnings of $8
Slide 7: Brand Portfolio 3Q21
Brand Portfolio 3Q21 Sales of $300.5 million, a ~26 percent sequential increase from 2Q21 Gross margin of 32.9 percent, representing a 426-basis point decline from 3Qug, with 400 basis points attributed to higher cost of ocean freight Generated $11.4 million in operating earnings Ecommerce sales fro
Slide 8: Caleres Debt Profile
Caleres Debt Profile in millions of dollars 2019 2020 HE longterm Debt Credit Facility Borrowings [))) Short Term Debt Caleres has taken action over the last several quarters to reduce and reposition its debt The company has called all of its senior notes — effectively extinguishing our long-term de
Slide 9: 2021 Outlook
2021 Outlook Fourth Quarter 2021 * Famous Footwear sales expected to be slightly above 4Q9 levels, and another quarter of record earnings * Brand Portfolio sales are expected to be in line with the 3Qa1 FY21 expectations * Adjusted earnings per share of between $3.80 and $3.90
Slide 10: 3Q'21 financial summary vs 3Q'20 and 3Q'19
US$M except per Chg vs. Chg vs. share 3Q’21 3Q’20 3Q’19 ‘20 ‘19 Gross profit $335.4 $257.0 $319.8 30.5% 4.9% Margin 42.8% 39.7% 40.4% 308 bps 241 bps SG&A $254.0 $236.9 $275.3 7.2% (7.7%) Percent of sales 32.4% 36.6% 34.7% (419 bps) (235 bps) Op earnings $81.3 $20.1 $43.5 305.1% 87.1% Margin 10.4% 3
Slide 11: Third Quarter 2021 Earnings
Third Quarter 2021 Earnings 11.18.2021 CALERES x5*