For a third consecutive year, the Famous Footwear parent will report adjusted earnings of more than $4.00 a share, forecasting FY23 adjusted EPS of $4.10-$4.20 in a release before its 2024 ICR presentation today. The St. Louis company reiterated its full-year outlook that includes a 4.5% to 5.5% decline in consolidated net sales for the 52 weeks.

As it continues to prioritize profitability over sales, Caleres’ senior executives confirmed that the company’s Brand Portfolio for the first time will exceed Famous Footwear in operating earnings. Bolstered by its key brands in Sam ... Log in to view full article.