World Footwear

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Record sales for Caleres

Sep 3, 2019 United States
Record sales for Caleres
The St. Louis-based footwear group has announced second quarter and first half results. Caleres registered record second quarter sales of 752.5 million US dollars, up by 6.5% year-over-year
“During the quarter we successfully executed on our strategies to strengthen the emotional connections we have with our consumers. Our deep insights, combined with our industry-leading footwear capabilities, allowed us to deliver relevant product, supporting growth in the Brand Portfolio and positive same-store-sales growth at Famous Footwear”, commented Diane Sullivan, CEO, President and Chairman of Caleres, adding: “A continued focus on expense discipline improved profitability for the quarter. As a company, we remain focused on creating consistent, profitable and sustainable growth over the long term”.


Second Quarter Results

Caleres registered consolidated sales of 752.5 million US dollars in the second quarter of the current fiscal year, up by 6.5% from similar period last year. Brand Portfolio sales reached 359.6 million US dollars, up by 17.9%. Famous Footwear total sales totalled 419.8 million US dollars, with same-store-sales up 1.5%. Int he same period, the comapny registered net earnings of 25.3 million US dollars, resulting in earnings per diluted share of 0.61 US dollars, up by 10.9%.

First Half Results

Consolidated sales in the first half of the year amounted to 1 430.2 million, up by 6.8%. Brand Portfolio sales totalled 700.6 millio US dollars, up by 19.0%. Int he same period, Famous Footwear total sales totalled 772.0 million US dolalrs, with same-store-sales up by 0.4%. Net earnings of 34.4 million US dollars, resulting in earnings per diluted share of 0.82 US dollars, were down  by 12.8%.

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