Caleres, Inc. (CAL) Q2 2024 Earnings Call Transcript Summary
Caleres, Inc. (CAL) Q2 2024 Earnings Call Transcript Summary
Despite sales decline, consolidated gross The following is a summary of the Caleres, Inc. (CAL) Q2 2024 Earnings Call Transcript:
以下是Caleres, Inc.（CAL）2024年第二季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Caleres reported Q2 sales below expectations with overall revenue at $683 million, marking a 1.8% year-over-year decline.
Earnings per share were at $0.85.
Despite sales decline, consolidated gross margin slightly improved by 30 basis points due to strong results in the Brand Portfolio segment.
Brand Portfolio's sales decreased by 5.1%, and Famous Footwear's total sales increased slightly by 1.5%, but comp sales declined by 2.9%.
Caleres报告称，第二季度销售额低于预期，总收入为6.83亿美元，同比下降1.8％。
每股收益为0.85美元。
尽管销售额下降，但由于品牌组合板块的强劲业绩，合并毛利率略有提高了30个基点。
品牌组合的销售额下降了5.1％，Famous Footwear的总销售额略有增长1.5％，但综合销售额下降了2.9％。
Business Progress:
业务进展：
Introduced cloud-based ERP system upgrade to enhance operational efficiency, although initial implementation mishaps occurred.
Restructuring announced to save approximately $7.5 million annually and $2 million in the current fiscal year.
Famous Footwear displayed signs of resilience, showing a 1.5% increase in sales and a 10% growth in e-commerce sales year-over-year.
Launched exclusive campaigns with inclusivity ambassadors for Naturalizer, enhancing brand awareness and market penetration.
尽管在最初的实施中发生了意外，但还是推出了基于云的ERP系统升级，以提高运营效率。
重组宣布每年节省约750万美元，在本财年节省200万美元。
Famous Footwear表现出弹性的迹象，销售额同比增长了1.5％，电子商务销售额增长了10％。
与Naturalizer的包容性大使一起发起了独家活动，提高了品牌知名度和市场渗透率。
Opportunities:
机会：
Strategic partnerships enhanced, specifically through increased wholesale door counts for Allen Edmonds and a strong presence in key accounts like Nordstrom.
Expansion of the international footprint, notably the growth of Sam Edelman in Asia, aligning with global expansion strategies.
Continued growth in e-commerce sales, particularly for Famous Footwear.
战略合作伙伴关系得到加强，特别是通过增加艾伦·埃德蒙兹的批发门数以及在诺德斯特龙等关键客户中的强大影响力。
扩大国际足迹，尤其是山姆·爱德曼在亚洲的增长，与全球扩张战略保持一致。
电子商务销售持续增长，尤其是著名鞋类的销售。
Risks:
风险：
Issues with ERP system upgrade initially impacted visibility and operations, contributing to sales decline.
Delayed back-to-school season and weak performance in seasonal products (especially sandals) indicate potential vulnerabilities in market timing and product mix adjustments.
ERP 系统升级的问题最初影响了可见性和运营，导致销售下降。
返校季延迟和季节性产品（尤其是凉鞋）表现疲软，表明市场时机和产品组合调整存在潜在的脆弱性。
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