Caleres Inc. Files 10-Q for Period Ending May 4, 2024
Ticker: CAL · Form: 10-Q · Filed: 2024-06-11T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, retail
TL;DR
Caleres 10-Q filed, check Q1 2024 financials.
AI Summary
Caleres Inc. filed its 10-Q for the period ending May 4, 2024, reporting on its financial performance. The company, formerly known as Brown Shoe Co. Inc., is based in St. Louis, MO, and operates in the footwear industry. This filing provides an update on its financial position and operational results for the quarter.
Why It Matters
This filing provides investors and analysts with the latest financial data for Caleres Inc., crucial for understanding the company's current performance and future outlook in the retail footwear market.
Risk Assessment
Risk Level: medium — As a publicly traded company in the retail sector, Caleres faces inherent market and economic risks that are detailed in its SEC filings.
Key Numbers
- $430197190 — IRS Number (Identifies the company for tax purposes.)
- 20240504 — Period End Date (Marks the end of the reporting quarter.)
Key Players & Entities
- CALERES INC (company) — Filer
- BROWN SHOE CO INC (company) — Former Company Name
- ST LOUIS (location) — Business Address City
- 20240504 (date) — Period of Report
FAQ
What was Caleres Inc.'s fiscal year end?
Caleres Inc.'s fiscal year ends on February 1 (0201).
When was Caleres Inc. previously known as Brown Shoe Co. Inc.?
Caleres Inc. was formerly known as Brown Shoe Co. Inc. with a date of name change on 20030613.
What is the SEC file number for Caleres Inc.?
The SEC file number for Caleres Inc. is 001-02191.
What is the primary business address of Caleres Inc.?
The primary business address of Caleres Inc. is 8300 Maryland Ave, St. Louis, MO 63105.
What is the SIC code for Caleres Inc.?
The Standard Industrial Classification (SIC) code for Caleres Inc. is 3140 (FOOTWEAR, (NO RUBBER)).
Filing Stats: 4,397 words · 18 min read · ~15 pages · Grade level 18 · Accepted 2024-06-11 13:27:52
Key Financial Figures
- $0.01 — egistered Common Stock - par value of $0.01 per share CAL New York Stock Exchan
Filing Documents
- cal-20240504x10q.htm (10-Q) — 2007KB
- cal-20240504xex31d1.htm (EX-31.1) — 11KB
- cal-20240504xex31d2.htm (EX-31.2) — 11KB
- cal-20240504xex32d1.htm (EX-32.1) — 7KB
- 0000014707-24-000024.txt ( ) — 8827KB
- cal-20240504.xsd (EX-101.SCH) — 51KB
- cal-20240504_cal.xml (EX-101.CAL) — 66KB
- cal-20240504_def.xml (EX-101.DEF) — 195KB
- cal-20240504_lab.xml (EX-101.LAB) — 427KB
- cal-20240504_pre.xml (EX-101.PRE) — 324KB
- cal-20240504x10q_htm.xml (XML) — 1894KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Earnings 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Shareholders' Equity 7 Notes to Condensed Consolidated Financial Statements 8 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 31 Item 4
Controls and Procedures
Controls and Procedures 32 PART II 32 Item 1
Legal Proceedings
Legal Proceedings 32 Item 1A
Risk Factors
Risk Factors 32 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3 Defaults Upon Senior Securities 33 Item 4 Mine Safety Disclosures 33 Item 5 Other Information 33 Item 6 Exhibits 34 Signature 35 2 Table of Contents
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1 FINANCIAL STATEMENTS CALERES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ($ thousands) May 4, 2024 April 29, 2023 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 30,709 $ 36,151 $ 21,358 Receivables, net 164,865 148,068 140,400 Inventories, net 530,570 559,467 540,674 Income taxes 8,407 11,882 14,215 Property and equipment, held for sale 16,777 16,777 16,777 Prepaid expenses and other current assets 54,008 48,535 55,485 Total current assets 805,336 820,880 788,909 Prepaid pension costs 76,302 84,782 74,951 Lease right-of-use assets 565,822 513,817 528,029 Property and equipment, net 168,154 157,730 167,583 Deferred income taxes 4,321 26 4,401 Goodwill and intangible assets, net 200,551 212,353 203,310 Other assets 40,624 28,495 37,563 Total assets $ 1,861,110 $ 1,818,083 $ 1,804,746 Liabilities and Equity Current liabilities: Borrowings under revolving credit agreement $ 191,000 $ 291,500 $ 182,000 Trade accounts payable 267,388 261,753 251,912 Income taxes 14,141 11,953 11,222 Lease obligations 120,872 136,297 112,764 Other accrued expenses 170,964 177,774 185,058 Total current liabilities 764,365 879,277 742,956 Other liabilities: Noncurrent lease obligations 482,163 437,171 453,097 Income taxes 2,464 6,940 2,464 Deferred income taxes 11,928 19,185 11,536 Other liabilities 23,161 23,629 27,123 Total other liabilities 519,716 486,925 494,220 Equity: Common stock 351 363 355 Additional paid-in capital 180,314 173,640 184,451 Accumulated other comprehensive loss ( 34,121 ) ( 26,260 ) ( 34,504 ) Retained earnings 423,760 298,574 410,329 Total Caleres, Inc. shareholders' equity 570,304 446,317 560,631 Noncontrolling interests 6,725 5,564 6,939 Total equity 577,029 451,881 567,570 Total