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Article Date: March 2017
Word Count: 570

Caleres Swings to Loss in Q4 on Allen Edmonds, Other Charges


CAL saw $26.2 million in pre-tax restructuring charges pull the net result $6,622,000 into the red from a profit of $11,410,000 last year in the final quarter ended Jan. 28, as revenues increased 5% to $639,488,000 from $608,674,000. Without the charges, net income would have increased 25% to $14.3 million. The Brand Portfolio contributed the lion’s share of the quarter’s operating gains boosted by six weeks of sales from Allen Edmonds, which was acquired in Dec. The AE integration was responsible for $12.7 million of the Q4 charges, with $3.3 million for Brand Portfolio business exits and restructuring, and $4.9 ... Log in to view full article.

 


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