Caleres announced that it’s raising its previously issued earnings per share outlook for fiscal year ending January 29, 2022.
“We are encouraged by the positive momentum across our underlying business quarter-to-date and as a result are raising our expectations for fiscal year 2021,” said Diane Sullivan, chairman and chief executive officer. “I want to thank our global associates for their hard work and dedication throughout 2021 and for working to capitalize on the opportunities in this dynamic marketplace to close the year in a record manner. We remain laser-focused on our strategic priorities and look forward to providing an update on our progress when we report our fourth quarter and full-year results in March.”
Caleres now anticipates earnings of $3.29 to $3.39 per share or record adjusted earnings per share (adjusted EPS) between $4.00 and $4.10 for fiscal year 2021. When it reported third-quarter results on November 18, the company said it expected adjusted EPS between $3.80 and $3.90 for fiscal year 2021.
Caleres provided the update in anticipation of management’s appearance at the 2022 ICR conference.
Photo courtesy Caleres
