Call Start: 17:00 January 1, 4536 ET

Caleres, Inc. (NYSE:CAL)

Q2 2022 Earnings Conference Call

August 23, 2022, 05:00 PM ET

Company Participants

Logan Bonacorsi - VP, IR

Diane Sullivan - Chairman and CEO

Kenneth Hannah - SVP and CFO

John Schmidt - President

Conference Call Participants

Dana Telsey - Telsey Advisory Group

Laura Champine - Loop Capital

Mitch Kummetz - Seaport Research

Steve Marotta - C.L. King & Associates

Operator

Good afternoon, and welcome to the Caleres Second Quarter Earnings Conference Call. My name is Kevin, and I'll be your conference coordinator. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

At this time, I'd like to turn the call over to Logan Bonacorsi, Vice President, Investor Relations. Please go ahead, Miss.

Logan Bonacorsi

Good afternoon. I'd like to thank you for joining our second quarter 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 U.S. 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. The company undertakes no obligation to update any information discussed on this call at any time.

Joining me on the call today is Diane Sullivan, Chairman and CEO; Ken Hannah, Senior Vice President and CFO; and J. Schmidt, President. We will begin the call with our prepared remarks and thereafter, we will be happy to take your questions.

I would now like to turn the call over to Diane. Diane?

Diane Sullivan

Thank you, Logan, and good afternoon, everyone.

I'm pleased to report that Caleres continued its strong execution in the second quarter, achieving yet another period of outstanding results. We delivered record consolidated sales, net earnings, earnings per share and generated still strong consolidated margin levels. And we closed the first six months of 2022 with earnings per share of $2.70 more than double the previous six months high set in 2021 and 22% higher than our pre-COVID and full record of adjusted earnings per share of $2.21.