Caleres, Inc. (NYSE:CAL) Q2 2024 Earnings Conference Call September 12, 2024 10:00 AM ET

Company Participants

Liz Dunn - SVP, Corporate Development & Strategic Communications
Jay Schmidt - President & CEO
Jack Calandra - SVP & CFO

Conference Call Participants

Laura Champine - Loop Capital Markets
Mitch Kummetz - Seaport Global Securities
Josh Herrity - Telsey Advisory Group
Chandana Madaka - KeyBanc Capital Markets

Operator

Good morning, and welcome to the Caleres Second Quarter 2024 Earnings Call. My name is Rob, and I'll be your conference coordinator. At this time, all participants are in listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

At this time, I'll turn the call over to Liz Dunn, Senior Vice President, Corporate Development and Strategic Communications. Please go ahead.

Liz Dunn

Thank you, Rob. Good morning. I'd like to thank you for joining our second quarter 2024 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 operations, 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 others used 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 in this call at any time.

Joining me on the call today is Jay Schmidt, President and CEO; and Jack Calandra, Senior Vice President and CFO. We will begin this morning's 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 Jay. Jay?

Jay Schmidt

Thank you and good morning, everyone. Earlier today, we reported sales and earnings that were below our expectations. While our brands and our products continue to resonate with consumers and we remain committed to and confident in our long-term vision, our second quarter results fell short in both segments and do not reflect our true potential.