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Caleres Inc (DE:BRP)
FRANKFURT:BRP
Holding DE:BRP?
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.52Last Year’s EPS
€0.83Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -26.14%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with strong performance in earnings per share, gross margin, and certain brand segments contrasting with declines in sales and challenges in demand. The company's strategic initiatives and market share gains were positive but were offset by macroeconomic pressures affecting consumer demand.Company Guidance
During the Caleres Third Quarter 2023 Earnings Call, the company provided updated guidance for the full year 2023, reflecting a revised earnings per share range of $4.10 to $4.20. The company expects consolidated sales to decline by 4.5% to 5.5%, factoring in the impact of a 53rd week. Operating margin is projected to be between 7.3% and 7.5%, with anticipated net interest expense of approximately $18 million and an effective tax rate of about 25%. Capital expenditures are estimated at $50 million, and the expected shares outstanding are approximately 34.3 million. The company also highlighted its progress in expense reduction initiatives, projecting annualized savings of $35 million to $40 million, with $7 million in associated charges. Despite challenging consumer demand trends, Caleres remains focused on reducing debt, managing inventory, and leveraging its competitive advantages to drive growth in 2024.Earnings Per Share Exceeds Guidance
The company reported adjusted earnings per share of $1.37, a nearly 20% increase over the third quarter of 2022, and above the high end of their guidance range.
Strong Gross Margin Performance
Consolidated gross margin was approximately 45%, with record gross margin in the Brand Portfolio segment and solid gross margin at Famous Footwear.
Market Share Gains
Caleres grew market share in women's fashion footwear and increased Famous Footwear's market share in shoe chains and Kids.
Inventory Management Success
Inventory declined more than 14% year-over-year, allowing strategic adjustments in promotional cadence.
Brand Portfolio and Lead Brands Success
The Brand Portfolio achieved record third quarter adjusted operating margin of 12.2%, while lead brands like Allen Edmonds and Vionic showed strong performance.
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DE:BRP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:BRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | €30.60 | €31.20 | +1.96% |
| Sep 12, 2024 | €33.14 | €33.74 | +1.81% |
| May 30, 2024 | €34.27 | €33.67 | -1.74% |
| Mar 19, 2024 | €35.60 | €35.40 | -0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Caleres Inc (DE:BRP) report earnings?
Caleres Inc (DE:BRP) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Caleres Inc (DE:BRP) earnings time?
Caleres Inc (DE:BRP) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Caleres Inc stock?
The P/E ratio of Caleres is 5.5.
What is DE:BRP EPS forecast?
DE:BRP EPS forecast for the fiscal quarter 2024 (Q4) is €0.52.
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