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Article Date: May 2017
Word Count: 464

Caleres Net Dips but Sees Progress on Goals

Net income fell 16% to $14,902,000 from $17,782,000 for the quarter ended Apr. 29 on an 8% increase in sales to $631,509,000 from $584,733,000, with Famous Footwear showing a 1% increase in sales to $366,494,000 from $364,596,000 on a 0.6% decline in comps, including a 25.7% increase in digital. Operating income was off 21% to $20,279,000 from $25,753,000 at Famous. The Brand portfolio, with the addition of Allen Edmonds, had a 20% sales hike with 1% organic growth to $265,015,000 from $220,137,000 with operating income up 38% to $17,189,000 from $9,623,000. This year’s results included a $2.5 million after tax ... Log in to view full article.


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