Caleres, Inc. (NYSE:CAL) Q4 2022 Earnings Conference Call March 14, 2023 10:00 AM ET
Company Participants
Logan Bonacorsi - VP, IR
Jay Schmidt - President and CEO
Jack Calandra - SVP and CFO
Conference Call Participants
Abbie Zvejnieks - Piper Sandler
Mitch Kummetz - Seaport Research
Laura Champine - Loop Capital
Dana Telsey - Telsey Advisory Group
Operator
Good morning, and welcome to the Caleres Fourth Quarter Earnings Conference Call. My name is Robert and I'll be your conference coordinator. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
At this time, I'll turn the call over to Logan Bonacorsi, Vice President of Investor Relations. Please go ahead.
Logan Bonacorsi
Good morning. I'd like to thank you for joining our fourth quarter and full year 2022 earnings call and webcast. A press release with detailed financial tables, as well as our quarterly slide presentation are available at caleres.com. Please be aware today’s discussion contains forward-looking statements, which are subject to a number of risks and uncertainties. Actual results may differ materially due to various risk factors including but not limited to the factors disclosed in the company’s Form 10-K and other filings with the US Securities and Exchange Commission. Please refer to today’s press release and our SEC filings for more information on risk factors and other factors, which could impact forward-looking statements. Copies of these reports are available online.
In discussing the results of our operation, we will be providing and referring to certain non-GAAP financial measures. You can find additional information regarding these non-GAAP financial measures, as well as other views in today’s earnings release and our presentation on the Investors section of our website. The company undertakes no obligation to update any information discussed on this call at any time.
Joining me on the call today are Jay Schmidt, President and CEO; and Jack Calandra, Vice President and CFO. We will begin this morning’s call with our prepared remarks, and thereafter, we’ll be happy to take your questions.
I would now like to turn the call over to Jay. Jay?
Jay Schmidt
Thank you, Logan, and good morning everyone. I'm pleased to report that Caleres delivered strong results and exceeded expectations during the fourth quarter of 2022, capping off our best year ever. In short, 2022 was a year of significant operational and financial accomplishments at Caleres. In total, we delivered a 6.9% year-over-year increase in sales and achieved adjusted operating earnings of $217 million.