Caleres, parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, reaffirmed its financial outlook for consolidated sales, earnings per share and adjusted earnings per share for the full year 2023.
“Caleres continues to expect the full-year 2023 adjusted earnings of $4.10 to $4.20 per share, which would mark the third consecutive year with earnings per share in excess of our $4.00 baseline,” said Jay Schmidt, president and CEO of Caleres. “Our ability to deliver results ahead of expectations throughout the year and to maintain our earnings outlook, despite a challenging demand environment, underscores yet again the powerful transformation we’ve achieved in the earnings profile of the organization. As we look ahead to 2024, we are focused on executing our strategic plan to drive long-term value for our shareholders, creating exceptional products and experiences for our consumers, and managing our costs rigorously.”
Caleres still expects the following for fiscal year 2023:
- Consolidated net sales to be down 4.5 percent to 5.5 percent compared to fiscal 2022, including the impact of the 53rd week;
- Diluted earnings per share of $3.96 to $4.06; and
- Adjusted diluted earnings per share of $4.10 and $4.20.
The company issued its guidance affirmation before the ICR conference this week in Orlando, FL.
Image courtesy Famous Footwear
