Slide 1: Second Quarter Earnings
Second Quarter Earnings August 23, 2022
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: We Put the Consumer at the Center of Everything We Do
CUSTOMER FOCUSED DIVERSIFIED & RELEVANT FOOTWEAR EXPERTS FULFILLMENT LEADERS We Put the Consumer We Have a Portfolio of We Have Unmatched We Deliver Footwear at the Center of Everything Footwear Brands that are Commitment to Continued Any Way We Do Authentic and Differentiated Innovation You Want to
Slide 4: Caleres in Brief – Fiscal Second Quarter 2022
Caleres in Brief – Fiscal Second Quarter 2022 Revenue Gross Margin Rate Earnings per share Return on Sales in millions of dollars % of net sales % of net sales $752 $738 $676 9% 9% 48% $1.38 46% 41% $0.97 5% $0.61 OUR PURPOSE OUR VISION A dynamic and growing portfolio of authentic footwear brands bu
Slide 5: Second Quarter 2022 Accomplishments
Second Quarter 2022 Accomplishments $738.3 45.6% $51.2 million million in total revenue – a record consolidated gross margin in net earnings – a record for the second quarter for the second quarter $1.38 72% 1.1 earning per share – total direct -to-consumer million shares repurchased a record for th
Slide 6: Famous Footwear
Famous Footwear Quarterly net sales of $436.4 million, representing a 3.8 percent decline over 2Q21 Second quarter record gross margin of 48.9 percent, in-line with the strong margin performance in 1Q22 Delivered second quarter operating earnings of $62.5 million 14% return on sales, sixth consecuti
Slide 7: Brand Portfolio
Brand Portfolio Record Quarterly net sales of $324.1 million, representing a 35.6 percent improvement over 2Q21 Second quarter gross margin of 38.3 percent Record quarterly operating earnings of $29.4 million, representing a $13 million increase over 2Q21 Direct-to-consumer up 30 percent year-over-y
Slide 8: 2022 Outlook
2022 Outlook Full Year 2022 expectations Consolidated sales, up 4 percent to 6 percent vs. fiscal 2021, up from 2 percent to 5 percent Earnings per diluted share of between $4.20 and $4.40 Third Quarter 2022 considerations Consolidated sales in-line with 3Q21 Famous Footwear down approximately 4 per
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 CAL is committed to a flexible approach to capital Caleres Shareholder Return History allocation including: in millions of dollars $60 1. Returning cash to shareholders $56 $47 2. Investing in organic g
Slide 10: 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 ye
Slide 11: 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, We generate significant amounts of free cash flow throughout the market cycle We have knowledge of, e
Slide 12: The Brand Portfolio is poised for a strong earnings performance in 2022
The Brand Portfolio is poised for a strong earnings performance in 2022 The Brand Portfolio is well positioned to exceed pre- pandemic earnings levels in 2022 Strong brand performances up down the portfolio with Vionic image strong increase in its DTC business Diversified portfolio with category and
Slide 13: Famous Footwear 2022 Priorities
We are targeting another strong earnings year for Famous Footwear Famous Footwear 2022 Priorities Mai Famous is expected to achieve 2022 earnings in excess of historical levels
Slide 14: Environmental, Social, Governance (ESG) at Caleres
Environmental, Social, Governance (ESG) at Caleres When inspiring people to feel great…feet first, how we do business is as important as how much business we do - an approach that arises from our five-star promise for delivering ESG excellence. ENVIRONMENT SOCIAL GOVERNANCE 100% Diverse Candidate 6