Caleres Inc. Files 10-Q for Q3 2024
Ticker: CAL · Form: 10-Q · Filed: 2024-12-11T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Caleres Q3 10-Q filed. Financials out.
AI Summary
Caleres Inc. reported its third-quarter results for the period ending November 2, 2024. The company's financial performance for this quarter is detailed in the 10-Q filing, which provides a comprehensive overview of its financial position and operational activities. Specific financial figures and operational highlights are available 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 in the footwear industry.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.
Key Numbers
- 100000 — Placeholder Value (Specific financial figures are not clearly delineated in the provided snippet for easy extraction as key numbers.)
- 11000000 — Placeholder Value (Specific financial figures are not clearly delineated in the provided snippet for easy extraction as key numbers.)
- 11000 — Placeholder Value (Specific financial figures are not clearly delineated in the provided snippet for easy extraction as key numbers.)
Key Players & Entities
- CALERES INC (company) — Filer
- 20241102 (date) — Period of Report
- 20241211 (date) — Filed as of Date
- BROWN SHOE CO INC (company) — Former Company Name
- BROWN GROUP INC (company) — Former Company Name
FAQ
What was Caleres Inc.'s fiscal year end?
Caleres Inc.'s fiscal year ends on February 1st (0201).
What is Caleres Inc.'s Standard Industrial Classification code?
Caleres Inc.'s SIC code is 3140, for FOOTWEAR, (NO RUBBER).
When was Caleres Inc. incorporated?
Caleres Inc. was incorporated in New York (NY).
What was the previous name of Caleres Inc.?
Caleres Inc. was formerly known as BROWN SHOE CO INC, BROWN SHOE CO INC/, and BROWN GROUP INC.
What is the filing date for this 10-Q report?
This 10-Q report was filed on December 11, 2024.
Filing Stats: 4,367 words · 17 min read · ~15 pages · Grade level 19.4 · Accepted 2024-12-11 16:09:58
Key Financial Figures
- $0.01 — egistered Common Stock - par value of $0.01 per share CAL New York Stock Exchan
Filing Documents
- cal-20241102x10q.htm (10-Q) — 3134KB
- cal-20241102xex31d1.htm (EX-31.1) — 11KB
- cal-20241102xex31d2.htm (EX-31.2) — 11KB
- cal-20241102xex32d1.htm (EX-32.1) — 7KB
- 0000014707-24-000051.txt ( ) — 12004KB
- cal-20241102.xsd (EX-101.SCH) — 54KB
- cal-20241102_cal.xml (EX-101.CAL) — 65KB
- cal-20241102_def.xml (EX-101.DEF) — 207KB
- cal-20241102_lab.xml (EX-101.LAB) — 463KB
- cal-20241102_pre.xml (EX-101.PRE) — 342KB
- cal-20241102x10q_htm.xml (XML) — 2927KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Earnings 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Shareholders' Equity 7 Notes to Condensed Consolidated Financial Statements 8 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 36 Item 4
Controls and Procedures
Controls and Procedures 36 PART II 37 Item 1
Legal Proceedings
Legal Proceedings 37 Item 1A
Risk Factors
Risk Factors 37 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3 Defaults Upon Senior Securities 38 Item 4 Mine Safety Disclosures 38 Item 5 Other Information 38 Item 6 Exhibits 39 Signature 40 2 Table of Contents
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1 FINANCIAL STATEMENTS CALERES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ($ thousands) November 2, 2024 October 28, 2023 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 33,685 $ 34,031 $ 21,358 Receivables, net 176,080 161,544 140,400 Inventories, net 585,877 556,034 540,674 Income taxes 6,404 5,065 14,215 Property and equipment, held for sale 16,777 16,777 16,777 Prepaid expenses and other current assets 51,484 49,422 55,485 Total current assets 870,307 822,873 788,909 Prepaid pension costs 78,799 87,541 74,951 Lease right-of-use assets 589,141 508,736 528,029 Property and equipment, net 176,428 167,681 167,583 Deferred income taxes 4,176 26 4,401 Goodwill and intangible assets, net 195,033 206,275 203,310 Other assets 42,055 33,761 37,563 Total assets $ 1,955,939 $ 1,826,893 $ 1,804,746 Liabilities and Equity Current liabilities: Borrowings under revolving credit agreement $ 238,500 $ 222,000 $ 182,000 Trade accounts payable 258,258 257,224 251,912 Income taxes 18,054 21,269 11,222 Lease obligations 117,523 132,461 112,764 Other accrued expenses 174,095 194,967 185,058 Total current liabilities 806,430 827,921 742,956 Other liabilities: Noncurrent lease obligations 506,336 431,474 453,097 Income taxes 2,464 2,464 2,464 Deferred income taxes 12,683 19,502 11,536 Other liabilities 21,720 25,360 27,123 Total other liabilities 543,203 478,800 494,220 Equity: Common stock 336 355 355 Additional paid-in capital 186,924 181,630 184,451 Accumulated other comprehensive loss ( 28,779 ) ( 25,596 ) ( 34,504 ) Retained earnings 439,803 356,993 410,329 Total Caleres, Inc. shareholders' equity 598,284 513,382 560,631 Noncontrolling interests 8,022 6,790 6,939 Total equity 606,306 520,172 567,570