Thirteen Weeks Ended

($ thousands, except per share amounts)

May 1, 2021

May 2, 2020

NUMERATOR

Net earnings (loss)

$

6,385

$

(346,172)

Net (earnings) loss attributable to noncontrolling interests

(238)

334

Net earnings (loss) attributable to Caleres, Inc.

$

6,147

$

(345,838)

Net earnings allocated to participating securities

(210)

—

Net earnings (loss) attributable to Caleres, Inc. after allocation of earnings to participating securities

$

5,937

$

(345,838)

DENOMINATOR

Denominator for basic earnings (loss) per common share attributable to Caleres, Inc. shareholders

36,707

38,649

Dilutive effect of share-based awards

158

—

Denominator for diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders

36,865

38,649

Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders

$

0.16

$

(8.95)

Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders

$

0.16

$

(8.95)