Caleres, Inc. · NYSE:CAL
Caleres — Q1 2016 Earnings Presentation
8 slides from Caleres's earnings presentation, May 26, 2016
Slide 1: First Quarter 2016 Earnings
CALERES First Quarter 2016 Earnings May 26, 2016
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: Results: 1Q'16 vs. 1Q'15
Results : 1Q’16 vs. 1Q’15 1Q’16 • Net sales of $584.7M, down 2.9% − Famous Footwear net and same-store-sales both up YoY − Planned reduction in Brand Portfolio sales • Gross margin up 111 bps to 42.4% − Exited some lower margin categories − Continued improvement in inventory management • Operating m
Slide 4: Operating highlights: Famous Footwear
Operating highlights : Famous Footwear 1Q’16 vs. 1Q’15 1Q’16 • Sales of $364.6M, up 1.3% − Same-store-sales up 1.0% • February up ~6% • March roughly flat • April down ~2% − E-commerce sales up ~80% • Approx. 5% of total Famous Footwear sales • Trends driven by lifestyle athletic product, up double
Slide 5: Operating highlights: Brand Portfolio
Operating highlights : Brand Portfolio 1Q’16 vs. 1Q’15 1Q’16 Sales of $220.1M, down 9% • Contemporary Fashion sales of $91.2M, down 1.2% − Sandal sales hampered by unseasonably cold weather • Healthy Living sales of $129.4M, down 13% − Sales down 1.6%, excluding expected declines at Naturalizer and
Slide 6: Financial results: 1Q'16 vs. 1Q'15
Financial results : 1Q’16 vs. 1Q’15 US$M, except per share (unaudited) 1Q’16 1Q’15 1Q Chg Consolidated sales $584.7 $602.3 -2.9% Famous Footwear $364.6 $360.0 1.3% Brand Portfolio $220.1 $242.3 -9.1% Net earnings $17.8 $19.3 -7.7% Per diluted share $0.41 $0.44 -6.8% Gross profit $247.8 $248.5 -0.3%
Slide 7: FY'16: guidance
FY’16 : guidance Metric FY’16 Consolidated net sales $2.60B to $2.63B Famous Footwear same-store-sales Up low-single digits Brand Portfolio sales Flat to down low-single digits Gross margin Up 15 to 25 bps SG&A, as a percent of revenue Down 5 to 15 bps Effective tax rate 30% to 32% Earnings per dilu
Slide 8: For more information about CAL, contact
For more information about CAL, contact ptharp@caleres.com