30 June, 2021 - 01 July, 2021
05 July, 2021 - 08 July, 2021
06 July, 2021 - 08 July, 2021
10 July, 2021 - 12 July, 2021
14 July, 2021 - 16 July, 2021
Ho Chi Minh City, Vietnam
The U.S. headquartered footwear Group has reported financial results for the first quarter ended May 1, 2021, in which it exceeded first quarter 2019 earnings levels; drove sequential sales and operating earnings improvement; Famous Footwear achieved first quarter record sales and operating earnings; and it paid down an additional US$50 million of debt.
Net sales were US$638.6 million, up 60.8% year-on-year. Direct-to-consumer sales represented 74.5% of total net sales. 108.2% of sales increase in the Famous Footwear segment while 15.2% sales increase in the Brand Portfolio segment. Total company owned ecommerce website sales increased 21.4%, with ecommerce penetration of 25.6% of net sales.
Gross profit was US$274.9 million, while gross margin was 43.0%.
For the second quarter of 2021, Caleres expects sales levels to be between US$625 million and US$650 million.