Caleres, Inc. (CAL) Bundle
A Brief History of Caleres, Inc. (CAL)
Founding and Early Years
Caleres, Inc., originally founded as Brown Shoe Company in 1878, has its roots in St. Louis, Missouri. The company began with a focus on shoe manufacturing, notably providing footwear for families across America.
Rebranding to Caleres
In 2015, the company officially rebranded as Caleres, Inc. This change was aimed at better reflecting the diverse range of brands under its umbrella, which included Famous Footwear, Sam Edelman, and Naturalizer, among others.
Financial Performance
As of the end of fiscal year 2022, Caleres reported revenues of approximately $1.2 billion. The company has shown resilience and adaptability in a competitive retail market, with a net income of $75 million for the same year.
Market Position
Caleres operates within the global footwear market, solidifying its position with over 1,100 retail locations under the Famous Footwear brand. The company maintains a significant presence in both the U.S. and international markets.
Recent Developments
In 2023, Caleres announced an investment of $40 million to enhance its online retail capabilities, reflecting a strategic shift towards e-commerce. The company's stock performance, as of October 2023, was around $24.50 per share.
Product Diversification
Caleres has expanded its portfolio to include a variety of footwear styles catering to different demographics. The company manages several well-known brands, including:
- Famous Footwear
- Naturalizer
- Sam Edelman
- Dr. Scholl’s
- Vionic
Table of Financial Highlights
| Year | Revenue (in billions) | Net Income (in millions) | Stock Price (as of October 2023) | Number of Retail Locations |
|---|---|---|---|---|
| 2020 | $1.0 | $50 | $18.00 | 1,000 |
| 2021 | $1.1 | $60 | $22.00 | 1,050 |
| 2022 | $1.2 | $75 | $26.00 | 1,100 |
| 2023 | $1.3 (projected) | $80 (projected) | $24.50 | 1,120 (estimated) |
Future Prospects
Caleres continues to focus on expanding its e-commerce presence and enhancing customer experiences both online and in-store. The company aims to reach $1.5 billion in revenue by 2025.
Sustainability Initiatives
In line with global trends, Caleres has committed to sustainability practices, aiming to reduce its carbon footprint by 25% by 2030. The company is working on implementing eco-friendly materials in its products.
A Who Owns Caleres, Inc. (CAL)
Ownership Structure
Caleres, Inc. (CAL) is publicly traded on the New York Stock Exchange, which means its ownership is distributed among a variety of institutional and individual shareholders. As of the latest available data, the following ownership percentages are noted:
| Ownership Type | Percentage Owned |
|---|---|
| Institutional Investors | 80.00% |
| Insider Ownership | 5.00% |
| Retail Investors | 15.00% |
Major Institutional Shareholders
Caleres has several major institutional shareholders that hold significant stakes in the company. The largest institutional investors include:
| Institution | Percentage Ownership | Shares Owned |
|---|---|---|
| The Vanguard Group, Inc. | 15.65% | 1,280,300 |
| BlackRock, Inc. | 12.34% | 1,003,200 |
| SSgA Funds Management, Inc. | 8.45% | 692,800 |
| Dimensional Fund Advisors LP | 5.67% | 460,700 |
| Bank of New York Mellon Corporation | 4.12% | 340,500 |
Insider Ownership
Insider ownership in Caleres reflects the confidence of executives in the company's performance and strategy. As of the latest report:
| Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Michael A. Smith | President & CEO | 150,000 | 0.18% |
| David B. M. Kahn | CFO | 75,000 | 0.09% |
| J. Keith V. Wiltshire | COO | 50,000 | 0.06% |
Recent Stock Performance
As of October 2023, Caleres, Inc. has demonstrated notable stock performance:
| Metric | Value |
|---|---|
| Current Share Price | $27.50 |
| Market Capitalization | $1.05 billion |
| P/E Ratio | 14.50 |
| Dividend Yield | 1.20% |
Recent Financial Results
Caleres reported its recent financial results as follows:
| Fiscal Metric | Q2 2023 | Year-over-Year Change |
|---|---|---|
| Revenue | $700 million | +6.5% |
| Net Income | $50 million | +8.0% |
| Operating Income | $60 million | +7.5% |
| EPS (Earnings Per Share) | $1.20 | +10.0% |
Caleres, Inc. (CAL) Mission Statement
Company Overview
Caleres, Inc. (CAL) is a global footwear company headquartered in St. Louis, Missouri. The company operates with a diverse portfolio that includes branded and private label footwear, encompassing multiple consumer segments.
Mission Statement
The mission statement of Caleres, Inc. focuses on enriching lives through the power of footwear. The company aims to connect with consumers and deliver styles that cater to their needs, fostering a passion for their products.
Core Values
- Integrity: Upholding strong ethical standards in all interactions.
- Innovation: Continuously enhancing product offerings to meet consumer demands.
- Collaboration: Fostering teamwork within the company to achieve common goals.
- Customer Focus: Prioritizing consumer satisfaction and feedback.
Financial Performance
As of the last fiscal year ending January 28, 2023, Caleres reported total revenues of $1.011 billion. The company's net income for the same period was $49.1 million, reflecting a net margin of approximately 4.9%.
Market Presence
Caleres operates approximately 1,200 retail locations across the United States and represents over 30 branded footwear lines.
Recent Initiatives
Caleres has undertaken sustainability initiatives, aiming to reduce its carbon footprint by 25% by 2030. The company also focuses on expanding its digital presence and e-commerce capabilities.
Key Metrics
| Metric | Value |
|---|---|
| Total Revenues (2022) | $1.011 billion |
| Net Income (2022) | $49.1 million |
| Net Margin | 4.9% |
| Number of Retail Locations | 1,200 |
| Goal for Carbon Reduction | 25% by 2030 |
Strategic Goals
- Expand e-commerce market share by 15% annually.
- Introduce 10 new footwear lines over the next two years.
- Enhance customer engagement through innovative digital marketing strategies.
- Improve employee training programs to foster a culture of excellence.
How Caleres, Inc. (CAL) Works
Business Overview
Business Overview
Caleres, Inc. operates as a footwear retailer and wholesaler in the United States and internationally. The company is headquartered in St. Louis, Missouri, and is known for various brands, including Famous Footwear, Naturalizer, and Dr. Scholl's. As of fiscal year 2022, Caleres reported revenue of approximately $1.5 billion.
Brand Portfolio
Caleres manages a diverse range of brands that cater to different customer segments. The company's brand portfolio is essential for driving revenue and market presence.
| Brand | Description | Market Segment | 2022 Revenue Contribution |
|---|---|---|---|
| Famous Footwear | Retail chain offering branded shoes for family | Value | $725 million |
| Naturalizer | Women's footwear brand known for comfort | Premium | $220 million |
| Dr. Scholl's | Casual and active footwear distinct for comfort | Mass | $190 million |
| Sam Edelman | Fashion-forward women's shoes | Designer | $160 million |
| Vionic | Orthotic and comfort-focused footwear | Wellness | $150 million |
Financial Performance
For the fiscal year ending January 29, 2023, Caleres, Inc. reported the following financial figures:
| Metric | Value |
|---|---|
| Total Revenue | $1.5 billion |
| Net Income | $70 million |
| Adjusted EBITDA | $155 million |
| Earnings per Share (EPS) | $2.30 |
| Total Assets | $770 million |
Sales Channels
Caleres employs various sales channels to reach its customers effectively:
- Direct-to-consumer stores
- Online platforms
- Wholesale distribution
Market Strategy
The company focuses on several strategic initiatives to enhance growth:
- Expanding e-commerce capabilities
- Enhancing customer experience through store innovations
- Strategic brand acquisitions and partnerships
Recent Developments
In 2023, Caleres executed several strategic maneuvers:
- Acquired the brand Vionic for $360 million.
- Launched new sustainability initiatives aimed at reducing carbon footprint by 25% by 2025.
- Opened 50 new Famous Footwear locations nationwide.
Stock Performance
As of October 2023, Caleres, Inc. stock (NYSE: CAL) displayed the following metrics:
| Metric | Value |
|---|---|
| Current Stock Price | $24.75 |
| Market Capitalization | $800 million |
| 52-Week High | $29.40 |
| 52-Week Low | $18.25 |
| Dividend Yield | 1.8% |
Employee Engagement
Caleres takes pride in its workforce, focusing on employee engagement and professional development:
- Employee count: 7,000
- Training programs: Over 150 hours of training per employee annually
- Health benefits: Comprehensive health and wellness programs
How Caleres, Inc. (CAL) Makes Money
Revenue Sources
Caleres, Inc. primarily generates revenue through its diverse portfolio of footwear brands. The company operates through two main segments: Famous Footwear and Brand Portfolio.
Famous Footwear Segment
This segment focuses on selling branded footwear through retail stores and online platforms. In 2022, Famous Footwear accounted for approximately $1.3 billion in sales.
Brand Portfolio Segment
Caleres' Brand Portfolio includes various well-known footwear brands such as Dr. Scholl's, Naturalizer, and Sam Edelman. In 2022, this segment generated around $800 million in revenue.
Financial Performance
For the fiscal year ending January 28, 2023, Caleres reported total revenues of $2.1 billion, with a gross profit of $818 million, resulting in a gross margin of approximately 38.9%.
Net Income
Net income for the fiscal year was reported at $86 million, translating to a net margin of about 4.1%.
Online Sales Growth
The online sales channel has seen significant growth. In 2022, e-commerce sales represented roughly 22% of total sales, compared to 20% in 2021.
Cost Structure
Caleres incurs various costs associated with its operations, including cost of goods sold, selling, general, and administrative expenses (SG&A). For 2022, SG&A expenses were approximately $590 million.
Table of Financial Performance (2022)
| Metric | Value |
|---|---|
| Total Revenue | $2.1 billion |
| Gross Profit | $818 million |
| Gross Margin | 38.9% |
| Net Income | $86 million |
| Net Margin | 4.1% |
| SG&A Expenses | $590 million |
| E-commerce Sales Proportion | 22% |
Market Position
Caleres holds a strong market position with its multi-brand strategy, catering to various consumer preferences across the footwear segment.
Competitive Advantages
- Diverse Brand Portfolio: A wide range of styles appeals to different market segments.
- Strong Retail Presence: Over 1,000 Famous Footwear locations across the United States.
- Established Online Platform: A growing e-commerce presence enhancing consumer access.
Strategic Partnerships
Caleres actively engages in partnerships to expand its market reach, including collaborations with leading retailers and digital marketplaces, enhancing brand visibility and sales.
Future Growth Prospects
Caleres is focusing on innovation and sustainability to cater to evolving consumer demands. Investments in digital marketing and supply chain optimization are expected to drive future revenue growth.
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