Caleres, Inc. · NYSE:CAL
Caleres — Q2 2019 Earnings Presentation
6 slides from Caleres's earnings presentation, Aug 26, 2019
Slide 1: Second Quarter 2019 Earnings
Second Quarter 2019 Earnings August 26, 2019
Slide 2: Safe harbor statement
Safe harbor statement 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
Slide 3: Brand Portfolio – 2Q'19
Brand Portfolio – 2Q’19 • Sales up 17.9% year-over-year • Sales up 0.4% year-over-year excluding addition of Vionic and Blowfish Malibu sales and planned reductions in Allen Edmonds sales • Announced exclusive partnership with Veronica Beard to produce women’s footwear collection beginning with the
Slide 4: Famous Footwear – 2Q'19
Famous Footwear – 2Q’19 • Same-store-sales up 1.5% year-over-year, reflecting sequential improvement throughout the quarter • Total sales down 2.2% year-over-year – Operated 35 fewer doors year-over- year • Experienced significant improvement in athletic styles from lead vendor partner as the quarte
Slide 5: Other financial metrics
Other financial metrics US$M except per share 2Q’19 2Q’18 2Q Chg 1H’19 1H’18 1H Chg Gross profit $305.9 $293.1 4.4% $585.8 $568.0 3.1% Margin 40.7% 41.5% (82 bps) 41.0% 42.4% (147 bps) Adj. gross profit $305.9 $293.6 4.2% $592.9 $568.6 4.3% Adjusted margin 40.7% 41.6% (90 bps) 41.5% 42.5% (101 bps)
Slide 6: FY'19 Guidance
FY’19 Guidance Consolidated sales of ~$3.0B • Brand Portfolio sales up low- to mid- teens, including acquisitions • Famous Footwear same-store-sales flat to up low-single digits Adjusted diluted EPS of $2.35 to $2.45 • Reflects 9% growth, at mid-point • Excludes ~$0.16 of expenses related to brand a