Slide 1: First Quarter 2025
FIRST QUARTER 2025 MAY 29, 2025
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
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Slide 4: Caleres Overview – 1Q25
CALERES OVERVIEW – 1Q25 ADJUSTED ADJUSTED SALES OPERATING MARGIN INVENTORY EARNINGS in Millions of $ in Millions of $ % of Net Sales PER SHARE $735 $663 $644 $659 $614 $574 $560 $531 9.0% 7.5% $1.32 6.5% $0.97 $0.88 2.0% $0.22 1Q22 1Q23 1Q24 1Q25 1Q22 1Q23 1Q24 1Q25 1Q22 1Q23 1Q24 1Q25 1Q22 1Q23 1Q2
Slide 5: 1Q25 at a Glance
1Q25 AT A GLANCE SALES GROSS MARGIN ADJUSTED EPS $614 M 45.4 % $0.22 Down 6.8% vs 1Q24 Down 150 bps vs 1Q24 TTM ADJUSTED EBITDA TOTAL DEBT INVENTORY $188 M $259 M 8.1 + % 7.0% of sales With $0 long-term debt vs 1Q24
Slide 6: Brand Portfolio 1Q25
BRAND PORTFOLIO 1Q25 SALES GROSS MARGIN $295 M 43.8 % Down 6.9% vs 1Q24 Down 280 bps vs 1Q24 OPERATING MARGIN MARKET SHARE 5.9 % +0.2 % In Women’s Fashion Footwear vs 1Q24* *Source: Circana, LLC, Retail Tracking Service, US, Total Footwear and Women's Fashion Footwear, Dollar Sales, 3 Months Ending
Slide 7: Famous Footwear 1Q25
FAMOUS FOOTWEAR 1Q25 SALES GROSS MARGIN $328 M 45.3 % Down 6.3% YOY, with Down 80 bps YOY comparable sales down 4.6% TOTAL MARKET SHARE TOTAL KIDS +0.2 pts 22 % Within shoe chains in Q1, while Of total business total Kids business was +0.5pts within shoe chains* *Source: Circana, LLC, Retail Trackin
Slide 8: 2025 Key Initiatives
2025 KEY INITIATIVES ACCELERATE SOURCING COST SAVINGS ELEVATED MIGRATION ASSORTMENT AT FAMOUS FOOTWEAR China sourcing dollars down to 10% or less in $15M in annualized, New brands and more back half of 2025 structural savings premium products INTERNATIONAL NEW PARTNERSHIPS LEAN IN TO GROWTH ACCESSIB
Slide 9: Appendix
APPENDIX 9
Slide 10: 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) (S thousands, except por share data) GAAP eamings Charges’ other items: ‘Stuart Weitzman acquisition and integration costs Total
Slide 11: Summary Financial Results by Segment
SCHEDULE CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMEN’ SUMMARY FINANCIAL RESULTS (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated May 3 May 4, May 3, May 4. May 3, May 4, May 3 May 4, (S thousands) 2025 2024 2025 2024 2025 2024 2025 2024 Net s
Slide 12: Calculation of EBITDA and Debt/EBITDA Leverage Ratio
SCHEDULE 8 CALERES, INC. CALCULATION OF EBITDA AND DEBT/EBITDA LEVERAGE RATIO (NON-GAAP METRICS) G thousands) EBIIDA. ‘Net eamings atributable to Caleres, Inc Tncome tax provision Interest expense, net ‘Depreciation and amortization ® EBITDA EBITDA magin Adjusted EBITDA: ‘Adjusted net eamings attrib
Slide 13: Thank You
THANK YOU 13