Thirteen Weeks Ended

Twenty-Six Weeks Ended

($ thousands, except per share amounts)

July 30, 2022

July 31, 2021

July 30, 2022

July 31, 2021

NUMERATOR

Net earnings

$

51,553

$

38,152

$

101,538

$

44,536

Net (earnings) loss attributable to noncontrolling interests

(375)

(756)

149

(993)

Net earnings attributable to Caleres, Inc.

$

51,178

$

37,396

$

101,687

$

43,543

Net earnings allocated to participating securities

(2,226)

(1,360)

(4,216)

(1,575)

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

$

48,952

$

36,036

$

97,471

$

41,968

DENOMINATOR

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

35,031

36,880

35,620

36,794

Dilutive effect of share-based awards

467

267

467

212

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

35,498

37,147

36,087

37,006

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

$

1.40

$

0.98

$

2.74

$

1.14

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

$

1.38

$

0.97

$

2.70

$

1.13