Caleres, Inc. (NYSE:CAL) Q1 2022 Earnings Conference Call May 24, 2022 5:00 PM ET

Company Participants

Logan Bonacorsi - VP, IR

Diane Sullivan - Chairman & CEO

Kenneth Hannah - SVP & CFO

John Schmidt - President

Conference Call Participants

Laura Champine - Loop Capital Markets

Dana Telsey - Telsey Advisory Group

Steven Marotta - CL King & Associates

Operator

Good afternoon, and welcome to the Caleres First Quarter 2022 Earnings Call. My name is Jeff, and I'll be your conference coordinator. At this time all participants are in listen-only mode. After the speaker presentation, there will be a question-and-answer session, [Operator Instructions]. And as a reminder, this conference is being recorded.

At this time, I will turn the call over to Ms. Logan Bonacorsi, Vice President of Investor Relations. Please go ahead.

Logan Bonacorsi

Good afternoon. I'd like to thank you for joining our first 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 in 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 Jay Schmidt, President. We will begin the 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 Diane. Diane?

Diane Sullivan

Thank you, Logan, and good afternoon, everyone. I'm pleased to report that Caleres continued its strong momentum as we transitioned into 2022, delivering record-breaking first quarter results across every key financial measure. This was in spite of headwinds we have all been facing, including ongoing inflationary pressures and the drag of supply chain-related challenges. This was our fourth straight quarter of record results and it sets the stage for another year of record or near record earnings. As a result, with today's earnings release, we are raising our earnings per diluted share guidance to be between $4.20 and $4.40.