Slide 1: Third Quarter Earnings
Third Quarter Earnings NOVEMBER 22, 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 are
We are We Are We Are We Are We Are 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 Di
Slide 4: Caleres in Brief – Fiscal Third Quarter 2022
Caleres in Brief – Fiscal Third Quarter 2022 Revenue Gross Margin Adjusted Inventory in millions of dollars % of net sales in millions of dollars Earnings Per Share $792 $784 $798 $645 $649 $543 $1.59 43% 43% 40% $1.15 $0.78 3Q19 3Q21 3Q22 3Q19 3Q21 3Q22 3Q19 3Q21 3Q22 3Q19 3Q21 3Q22
Slide 5: Caleres in Brief – Year-to-Date 2022
Caleres in Brief – Year-to-Date 2022 Revenue Gross Margin Adjusted Return on Sales in millions of dollars % of net sales % of new sales Earnings Per Share $2.3 $2.2 $2.1 $3.38 $3.86 44% 44% 41% 8.3% $1.75 7.7% 4.4% YTD-19 YTD-21 YTD-22 YTD-19 YTD-21 YTD-22 YTD-19 YTD-21 YTD-22 YTD-19 YTD-21 YTD-22
Slide 6: Third Quarter 2022 Accomplishments
Third Quarter 2022 Accomplishments $798 42.6% ~ $42.0 million million in total revenue – a record consolidated gross margin in adjusted net earnings quarterly sales level $1.15 ~74% $24 adjusted earnings per share total direct -to-consumer million business returned to shareholders via share repurcha
Slide 7: Famous Footwear
Famous Footwear Quarterly net sales of $482 million, representing a modest 2.6 percent decline over 3Q21 Comparable sales down 0.8 percent Third quarter gross margin of 44.7 percent, reflecting more normalized pricing and increased promotional activity vs. 3Q21 Third quarter operating earnings of $5
Slide 8: Brand Portfolio
Brand Portfolio Quarterly net sales of $323 million, representing a 7.6 percent improvement over 3Q21 and reflecting robust demand for its fashion products Third quarter gross margin of 37.9 percent driven by higher wholesale prices and higher-margin sales Robust quarterly operating earnings of $22
Slide 9: 2022 Outlook
2022 Outlook Reiterating consolidated sales range of up four percent to six percent vs. fiscal 2021 Tightening adjusted diluted earnings per share to the upper end of the range, to be between $4.30 and $4.40 Expect continued improvement in inventory levels, and expect 4Q22 ending inventory to be up
Slide 10: Caleres constantly evaluates the most value-enhancing avenue for its free cash flow
Caleres 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 $80 $71 $60 $56 Investing in organic growth $45 $40 $34 Selective debt reduction $28
Slide 11: Appendix
CALERES Appendix EST +1878
Slide 12: 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, ex
Slide 13: Famous Footwear 2022 Priorities
We are targeting another strong earnings year for Famous Footwear Famous Footwear 2022 Priorities Distort big brands Continue to limit Continued growth of and explore new promotional activity FamousFootwear.com and emerging below pre- brands pandemic levels Mai Maintain double- Leverage Elevate cons
Slide 14: 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 and down the portfolio with significant increase in its DTC business Diversified portfolio with category and pri
Slide 15: 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 Sl