CAL Latest Report

Performance of this financial report

As of February 1, 2025, Caleres' total operating revenue was RMB639,226,000, although no previous operating revenue data was provided, so the direct calculation of the year-on-year change rate is not possible. However, by analyzing other financial indicators and market environment, we can gain insights into the company's operating status.

Key data in the financial report

1. Caleres' cumulative revenue in the first six months of 2025 was US$1.343 billion, down 1.16% YoY.

2. The revenue in the first quarter of 2025 was US$659 million, down 0.53% YoY.

3. It is expected that sales in the first quarter of 2025 will decrease by 5% to 6%.

4. The sales of clothing and footwear in the first two months of 2025 increased by 3.3% YoY.

Peer comparison

1. Industry-wide analysis: The overall market of the footwear retail industry may be affected by seasonal and economic cycles. According to the forecast of CICC, the industry's growth is expected to recover to a long-term CAGR of +4% in 2025. If the overall operating revenue of the industry generally increases, it indicates a favorable market environment, otherwise, it indicates intensified competition or market shrinkage.

2. Peer evaluation analysis: Caleres' operating revenue decreased YoY, but the market environment has warmed up. If its operating revenue growth exceeds the industry average, it means its market performance is good. The acquisition of Stuart Weitzman may enhance its position in the competitive footwear market.

Summary

Overall, Caleres faces pressure on operating revenue decline, although the overall market situation has warmed up, but its sales expectations in the short term are not optimistic. Adjustments in market demand, product mix, and marketing strategies may be key factors for future growth.

Opportunities

1. With the recovery of consumer confidence, Caleres can take advantage of the market recovery trend to boost sales.

2. The acquisition of Stuart Weitzman may bring new growth points and market share.

3. Increasing investment in e-commerce and live e-commerce channels can attract more young consumers.

Risks

1. The expected short-term sales decline may lead to increased financial pressure for the company.

2. Intensified competition within the industry may affect Caleres' market share.

3. Uncertainty in the economic environment may still affect consumer spending.