Slide 1: Fourth Quarter & Full Year 2024
FO URTH QUARTE R & FUL L YE AR 2024 MARCH 20, 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
Slide 3: Caleres
CALERES EST + 1878
Slide 4: Caleres Overview – 4Q24
CALERES OVERVIEW – 4Q24 ADJUSTED ADJUSTED EARNINGS SALES INVENTORY OPERATING MARGIN PER SHARE in Millions of $ in Millions of $ % of Net Sales $679 $696 $697 $639 $597 $580 $565 $541 $0.91 $0.86 6.5% $0.65 4.7% 3.7% $0.33 2.1% 4Q21 4Q22 4Q23 4Q24 4Q21 4Q22 4Q23 4Q24 4Q21 4Q22 4Q23 4Q24 4Q21 4Q22 4Q2
Slide 5: FY24 Snapshot
FY24 SNAPSHOT ADJUSTED ADJUSTED EARNINGS SALES OPERATING MARGIN PER SHARE in Billions of $ % of Net Sales $2.97 $2.78 $2.82 $2.72 $4.52 $4.29 $4.18 $3.30 7.9% 7.3% 7.1% 5.8% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24
Slide 6: Fourth Quarter 2024 Snapshot
FOURTH QUARTER 2024 SNAPSHOT SALES GROSS MARGIN ADJUSTED EPS $639M 43.0 % $0.33 Down 8.3% vs 4Q23, including unfavorable $30.3M impact related to the 53rd week and one Down 80 bps vs 4Q23 less back-to-school week in the quarter. DEBT LEVEL DIRECT TO CONSUMER INVENTORY $219.5M 73 % +4.5 % Approximate
Slide 7: Brand Portfolio 4Q24
BRAND PORTFOLIO 4Q24 SALES GROSS MARGIN $300.3M 41.6% Down 7.2% vs 4Q23 Down 100 bps vs 4Q23 ADJUSTED OPERATING MARKET SHARE EARNINGS $28.3M +0.15% Represents over 50% of total company In Women’s Fashion Footwear vs 4Q23, and operating earnings +0.01% in Total Footwear Market Sales* *Source: Circana
Slide 8: Famous Footwear 4Q24
FAMOUS FOOTWEAR 4Q24 SALES GROSS MARGIN $358M 42.5% Down 9.6% YOY, with Down 40 bps vs 4Q23 comparable sales down 2.9% FAMOUS.COM TOTAL KIDS +1.5pts 20.1% In penetration of Caleres-owned Of total business brands in the quarter
Slide 9: FY24 Snapshot
FY24 SNAPSHOT SALES GROSS MARGIN ADJUSTED EPS $2.72B 44.9 % $3.30 Down 3.4% vs FY23 Up 10 bps vs FY23 TTM ADJUSTED EBITDA SHAREHOLDER RETURN DIRECT-TO-CONSUMER $217M $75M 72 % Returned to shareholders through share Of total net sales 8.0% of sales repurchases and dividends
Slide 10: 2024 Strategic Accomplishments
2024 STRATEGIC ACCOMPLISHMENTS √ √ √ BRAND PORTFOLIO LEADS FAMOUS INVESTS IN FINISHED YEAR WITH PERFORMANCE EXPERIENCE Over 20% of our Brand Portfolio Over 50% of operating profit coming Ended 2024 with 34 FLAIR stores, product sourced through Speed from the Brand Portfolio attracting elevated brand
Slide 11: Full Year 2025 Outlook and First Quarter 2025 Outlook
FULL YEAR 2025 FIRST QUARTER OUTLOOK 2025 OUTLOOK Consolidated Sales Down 1% to Up 1% Consolidated Sales Down 5% to 6%, Reflecting Very Challenging Business Experienced in February Earnings per Diluted Share of $2.80 to $3.20 Consolidated Operating Margin of 5.1% to 5.6% Earnings per Diluted Share o
Slide 12: Key Priorities for 2025
KEY PRIORITIES For 2025 EVOLVE PORTFOLIO DIVERSIFY BRAND TOWARDS FASTER PORTFOLIO GROWING SOURCING OUTSIDE SEGMENTS OF CHINA INVEST IN FAMOUS FUEL EXPENSE AND FOOTWEAR INTERNATIONAL CAPITAL CUSTOMER GROWTH DISCIPLINE EXPERIENCE 12
Slide 13: Appendix
APPENDIX 13
Slide 14: Reconciliation of Net Earnings and Diluted EPS to Adjusted
CALERES, INC. RECONCILIATION OF NET EARNINGS AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) (6 thousands, except per share data) GAAP earings ‘Charges other tems: Eyit of Naturalizer retail store operations costs Pension
Slide 15: Summary Financial Results by Segment
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT SUMMARY FINANCIAL RESULTS (Unaudited) Famous Footwear Brand Portfolio Elimination: and Other Consolidated Tiwecks ended J4weeksended ‘TSwecksended J4wecksended [Sweeksended M4weeksended [Sweeksended 14 weeks ended February 1, February 3, February 1,
Slide 16: Calculation of EBITDA and Debt/EBITDA Leverage Ratio
CALERES, INC. CALCULATION OF EBITDA AND DEBT/EBITDA LEVERAGE RATIO (NON-GAAP METRICS) (Unaudited) Thirteen Weeks Ended Fourteen Weeks Ended ($ thousands) February 1, 2025 February 3, 2024 EBITDA: Net earnings attributable to Caleres, Inc. $ 4,930 $ 55,808 Income tax provision (2,913) (27,466) Intere
Slide 17: Thank You
THANK YOU 17