Note 20 - Quarterly Financial Data (Unaudited)

12 Months Ended

Feb. 01, 2020

Notes to Financial Statements

Quarterly Financial Information [Text Block]

20.    QUARTERLY FINANCIAL DATA (Unaudited)

Quarterly financial results (unaudited) for 2019 and 2018 are as follows:

	Quarters
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
($ thousands, except per share amounts)	(13 weeks)		(13 weeks)		(13 weeks)		(13 Weeks)
2019
Net sales	$	677,754	$	752,485	$	792,375	$	698,948
Gross profit		279,836		305,944		319,770		278,810
Net earnings (1)		9,085		25,227		27,761		9
Net earnings attributable to Caleres, Inc. (1)		9,083		25,341		27,987		408
Per share of common stock:
Basic earnings per common share attributable to Caleres, Inc. shareholders (2)		0.22		0.61		0.69		0.01
Diluted earnings per common share attributable to Caleres, Inc. shareholders (2)		0.22		0.61		0.69		0.01
Market value:
High		30.66		22.52		22.50		24.39
Low		25.24		17.53		18.29		19.48

⁽¹⁾ The fourth quarter of 2019 reflects expense containment initiatives of $11.2 million on an after-tax basis and costs associated with the repositioning of the Via Spiga brand of $1.2 million on an after-tax basis, both of which are further described in Note 5 to the consolidated financial statements, as well as the fair value adjustment to the Blowfish purchase obligation of $1.1 million on an after-tax basis, as further described in Note 2 and Note 15 to the consolidated financial statements.

⁽²⁾ EPS for the quarters may not sum to the annual amount as each period is computed on a discrete period basis.

	Quarters
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
($ thousands, except per share amounts)	(13 weeks)		(13 weeks)		(13 weeks)		(13 Weeks)
2018
Net sales	$	632,142	$	706,612	$	775,829	$	720,263
Gross profit		274,921		293,101		310,610		277,712
Net earnings (loss) (1)		17,180		23,611		29,155		(75,427	)
Net earnings (loss) attributable to Caleres, Inc. (1)		17,212		23,646		29,153		(75,452	)
Per share of common stock:
Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders (2)		0.40		0.55		0.68		(1.83	)
Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders (2)		0.40		0.55		0.67		(1.83	)
Market value:
High		36.00		37.06		41.09		37.82
Low		27.10		32.18		31.84		26.63

⁽¹⁾ The fourth quarter of 2018 reflects impairment of goodwill and intangible assets of $83.0 million on an after-tax basis, as further described in Note 11 to the consolidated financial statements, the impact of amortization of the inventory fair value adjustments required for purchase accounting of $6.1 million on an after-tax basis, as further described in Note 2 to the consolidated financial statements, and several restructuring and other charges totaling $4.7 million, on an after-tax basis, as further described in Note 5 to the consolidated financial statements.

⁽²⁾ EPS for the quarters may not sum to the annual amount as each period is computed on a discrete period basis.