CAL raised full-year earnings guidance ahead of its appearance at the ICR Conference, where the company discussed a rebound for its Brand Portfolio and a path to maintain margins at Famous Footwear. The company now expects EPS for the year ending Jan. 29, 2022 of $3.29 to $3.39 per share, or between $4.00 and $4.10 per share after adjusting for brand exits and its Blowfish purchase obligation. Positive momentum across CAL’s underlying business, quarter-to-date, led to the raised expectations. CAL will report fourth quarter results in March.

After learning to operate on constrained inventory at Famous, the company will take a ... Log in to view full article.