Caleres to Announce Fourth Quarter 2024 Results on March 20: What to Expect

Caleres, Inc. (NYSE: CAL), a leading footwear company with a diverse portfolio of brands, is set to release its fourth quarter and full-year 2024 financial results on Thursday, March 20, 2025. Investors, analysts, and stakeholders are eagerly awaiting the announcement, as it will provide valuable insights into the company's performance and strategic direction. In this article, we'll explore what to expect from Caleres' upcoming earnings report.



Key Financial Metrics to Watch

1. Revenue: Caleres' revenue is expected to have been impacted by the challenging retail environment and increased competition in the footwear industry. Analysts forecast a slight decrease in revenue compared to the previous year, with a consensus estimate of $2.82 billion.
2. Earnings per Share (EPS): Caleres' EPS is expected to have been affected by the company's restructuring actions and cost-saving initiatives. Analysts predict a slight decrease in EPS compared to the previous year, with a consensus estimate of $1.64.
3. Gross Margin: Caleres' gross margin is expected to have improved due to the company's focus on optimizing its product mix and reducing promotional activity. Analysts forecast a slight increase in gross margin compared to the previous year.
4. Operating Margin: Caleres' operating margin is expected to have been impacted by the company's restructuring actions and cost-saving initiatives. Analysts predict a slight decrease in operating margin compared to the previous year.
5. Debt Levels: Caleres has been focusing on reducing its debt levels, and investors will be looking for updates on the company's progress in this area.



Strategic Initiatives and Restructuring Actions

Caleres has been implementing various strategic initiatives and restructuring actions to improve its financial performance and position the company for long-term growth. Some of these initiatives include:

1. Brand Portfolio Growth: Caleres has been investing in its lead brands, such as Sam Edelman, Allen Edmonds, and Naturalizer, to drive sales and profitability. The company's focus on these brands has led to strong sales growth and improved gross margins.
2. Operational Efficiency: Caleres has been optimizing its operations to improve efficiency and reduce costs. The company has implemented an integrated SAP platform to streamline its business processes and reduce inventory levels.
3. International Expansion: Caleres has been expanding its international presence, particularly in the Asia-Pacific region. The company's international expansion has contributed to its overall sales growth and diversification.
4. Restructuring Actions: Caleres has taken several restructuring actions to lower its expenses and improve its profitability. The company's restructuring actions have resulted in annualized SG&A savings of $7.5 million and $2 million in SG&A savings in fiscal 2024.



Challenges and Outlook

Caleres faces several challenges in the coming quarters, including the ongoing impact of the COVID-19 pandemic, increased competition in the footwear industry, and the potential for further economic uncertainty. However, the company's strategic initiatives and restructuring actions have positioned it well to navigate these challenges and continue to drive long-term growth.

Investors and analysts will be closely watching Caleres' fourth quarter and full-year 2024 results to assess the company's progress in executing its strategic plan and to gain insights into its outlook for the coming year. As Caleres continues to focus on brand portfolio growth, operational efficiency, and international expansion, it is well-positioned to deliver strong financial performance and create value for shareholders.

In conclusion, Caleres' upcoming earnings report will provide valuable insights into the company's financial performance and strategic direction. Investors and analysts will be closely watching the company's key financial metrics, strategic initiatives, and restructuring actions to assess its progress and outlook for the coming year. As Caleres continues to execute on its strategic plan, it is well-positioned to deliver strong financial performance and create value for shareholders.