Caleres Inc. Files 10-Q for Q2 2024
Ticker: CAL · Form: 10-Q · Filed: 2024-09-12T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Caleres Q2 24 10-Q filed. Check financials.
AI Summary
Caleres Inc. reported its second quarter results for the period ending August 3, 2024. The company's financial performance for this quarter is detailed in the 10-Q filing. Specific financial figures and operational highlights are provided within the document.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Caleres Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 0201 — Fiscal Year End (Indicates the end of the company's fiscal year.)
- 3140 — SIC Code (Standard Industrial Classification for Footwear.)
Key Players & Entities
- CALERES INC (company) — Filer
- 0000014707-24-000041 (filing_id) — Accession Number
- 20240803 (date) — Report Period End Date
- 20240912 (date) — Filing Date
- BROWN SHOE CO INC (company) — Former Company Name
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240803, indicating the period ending August 3, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was made on 20240912.
What is Caleres Inc.'s Standard Industrial Classification (SIC) code?
Caleres Inc.'s SIC code is 3140, which corresponds to 'FOOTWEAR, (NO RUBBER)'.
Has Caleres Inc. operated under any previous names?
Yes, Caleres Inc. was formerly known as BROWN SHOE CO INC.
What is the company's primary business address?
The company's business address is 8300 MARYLAND AVE, ST LOUIS, MO 63105.
Filing Stats: 4,372 words · 17 min read · ~15 pages · Grade level 19.6 · Accepted 2024-09-12 16:02:43
Key Financial Figures
- $0.01 — egistered Common Stock - par value of $0.01 per share CAL New York Stock Exchan
Filing Documents
- cal-20240803x10q.htm (10-Q) — 3108KB
- cal-20240803xex31d1.htm (EX-31.1) — 11KB
- cal-20240803xex31d2.htm (EX-31.2) — 11KB
- cal-20240803xex32d1.htm (EX-32.1) — 7KB
- 0000014707-24-000041.txt ( ) — 11880KB
- cal-20240803.xsd (EX-101.SCH) — 53KB
- cal-20240803_cal.xml (EX-101.CAL) — 65KB
- cal-20240803_def.xml (EX-101.DEF) — 202KB
- cal-20240803_lab.xml (EX-101.LAB) — 452KB
- cal-20240803_pre.xml (EX-101.PRE) — 335KB
- cal-20240803x10q_htm.xml (XML) — 2900KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Earnings 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Shareholders' Equity 7 Notes to Condensed Consolidated Financial Statements 8 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 37 Item 4
Controls and Procedures
Controls and Procedures 37 PART II 38 Item 1
Legal Proceedings
Legal Proceedings 38 Item 1A
Risk Factors
Risk Factors 38 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 3 Defaults Upon Senior Securities 39 Item 4 Mine Safety Disclosures 39 Item 5 Other Information 39 Item 6 Exhibits 40 Signature 41 2 Table of Contents
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1 FINANCIAL STATEMENTS CALERES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ($ thousands) August 3, 2024 July 29, 2023 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 51,753 $ 47,098 $ 21,358 Receivables, net 151,055 136,549 140,400 Inventories, net 661,146 660,690 540,674 Income taxes 5,236 6,461 14,215 Property and equipment, held for sale 16,777 16,777 16,777 Prepaid expenses and other current assets 53,733 47,248 55,485 Total current assets 939,700 914,823 788,909 Prepaid pension costs 77,505 86,189 74,951 Lease right-of-use assets 588,842 505,423 528,029 Property and equipment, net 169,459 157,717 167,583 Deferred income taxes 4,265 26 4,401 Goodwill and intangible assets, net 197,792 209,314 203,310 Other assets 42,422 30,468 37,563 Total assets $ 2,019,985 $ 1,903,960 $ 1,804,746 Liabilities and Equity Current liabilities: Borrowings under revolving credit agreement $ 146,500 $ 244,000 $ 182,000 Trade accounts payable 396,450 350,020 251,912 Income taxes 14,613 18,896 11,222 Lease obligations 116,619 133,743 112,764 Other accrued expenses 186,241 209,712 185,058 Total current liabilities 860,423 956,371 742,956 Other liabilities: Noncurrent lease obligations 508,950 429,192 453,097 Income taxes 2,464 2,464 2,464 Deferred income taxes 12,301 19,335 11,536 Other liabilities 22,363 25,017 27,123 Total other liabilities 546,078 476,008 494,220 Equity: Common stock 351 355 355 Additional paid-in capital 183,922 177,602 184,451 Accumulated other comprehensive loss ( 29,473 ) ( 25,530 ) ( 34,504 ) Retained earnings 451,262 312,565 410,329 Total Caleres, Inc. shareholders' equity 606,062 464,992 560,631 Noncontrolling interests 7,422 6,589 6,939 Total equity 613,484 471,581 567,570 Tota