Slide 1: First Quarter 2019 Earnings
First Quarter 2019 Earnings June 3, 2019
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: FY'19 guidance
FY’19 guidance Consolidated sales of ~$3.0B • Brand Portfolio sales up low- to mid- teens, including acquisitions • Famous Footwear same-store-sales flat to up low-single digits Adjusted diluted EPS of $2.35 to $2.45 • Reflects 9% growth, at mid-point − More accurately reflects industry challenges t
Slide 4: Brand Portfolio – 1Q'19
Brand Portfolio – 1Q’19 • Maintained leadership, with six of top 25 women’s fashion footwear brands – Grew sales ahead of market rate while gaining share • Sales up more than 20% – Includes addition of Vionic and Blowfish Malibu sales and planned reduction in Allen Edmonds sales • Strategic investme
Slide 5: Famous Footwear – 1Q'19
Famous Footwear – 1Q’19 • Comp sales down 1% – Feb. down high-single digits, Mar. up slightly, Apr. up mid-single digits • Total sales down 3.1% – Operated 28 fewer doors • Responded to unseasonable weather and increased peer promotional activity • Driving freshness in product assortment in advance
Slide 6: Famous Footwear – Rewards
Famous Footwear – Rewards • Invested in and officially launched Famously You Rewards – On-track with expectations and already receiving good response – Expect to see continued and significant improvement during back-to-school and rolling into 2H’19 – Added 1.1 million new members – Reactivated nearl
Slide 7: Other financial metrics
Other financial metrics US$M except per share 1Q’19 1Q’18 1Q Chg Gross profit $279.8 $274.9 1.8% Margin 41.3% 43.5% -220 bps Adj. gross profit $287.0 $274.9 4.4% Adjusted margin 42.3% 43.5% -114 bps SG&A $262.1 $250.2 4.8% Percent of sales 38.7% 39.6% -91 bps Op earnings $16.9 $22.9 -26.5% Margin 2.
Slide 8: FY'19 guidance
FY’19 guidance Consolidated sales of ~$3.0B • Brand Portfolio sales up low- to mid- teens, including acquisitions • Famous Footwear same-store-sales flat to up low-single digits Adjusted diluted EPS of $2.35 to $2.45 • Reflects 9% growth, at mid-point − More accurately reflects industry challenges t
Slide 9: For more information about CAL, contact ptharp@caleres.com
For more information about CAL, contact ptharp@caleres.com