Caleres reaffirmed its financial outlook for consolidated sales, adjusted earnings per share and its inventory position for fiscal year 2022.
“Caleres continues to successfully navigate through the current macroeconomic environment and remains on track to close 2022 with record earnings – in line with our previously provided outlook,” said Jay Schmidt, president and incoming chief executive officer. “As we move into 2023, we will be laser-focused on managing our costs tightly, leveraging our diversified portfolio of brands to connect with our consumers and delivering on our key strategic priorities to unlock further value for our shareholders.”
Caleres continues to expect the following for fiscal year 2022:
- Consolidated sales up between 4 percent and 6 percent compared to fiscal 2021;
- Adjusted earnings per share between $4.30 and $4.40; and
- Consolidated inventory up mid-single digit percent compared to fiscal year 2021.
Photo courtesy Famous Footwear
