Caleres, Inc. (NYSE:CAL) Q4 2017 Earnings Conference Call - Final Transcript

Mar 13, 2018 • 04:30 pm ET

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Caleres, Inc. (NYSE:CAL) Q4 2017 Earnings Conference Call - Final Transcript

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Q & A
Executive
Diane Sullivan

in sneakers, but also in trainers. And actually even sport sandals right now look to be very strong. Any foot-bed kind of product is great. Jute wraps are good. Hybrid concepts are great out there where they're lightweight. So there's -- when you turn to fall and you think about boots, boots are -- people are kind of planning them to be relatively flat to where they were last year. No one's really finished on the way they're really thinking about what direction they're taking. But I would say that there are a number of actually pretty interesting key items across the landscape that seem to be driving a lot of volume right now. And it seems to be interesting the consumer. And as we look at our retail selling right now, seems quite good on a lot of the areas that we had hoped for. And I think the same thing is true at Famous too. I mean, across the board with respect to athletic and sport and sneaker, I mean has been -- continues to be great. Just different brands are coming up in terms of importance I think in that, Rick, right?

Executive
Rick Ausick

Yeah. I think again, pretty consistent with what Diane said. Finding -- as we refresh, we've been at this for a while. So I think our strategy has been to refresh with color, refresh with material, make sure the brands that we have represented, we have appropriate inventory positions where again, not everybody is a winner, some things are getting lesser and some things are getting more, so making sure our inventory is in a position to take advantage of that. I feel pretty good about how we are positioned at this moment in time in the quarter. Probably need a little less cold and snow weather in the Northeast to really see how much we can do. But outside of that, the other parts of the country are showing pretty good returns on those businesses today, Steve. And we think that'll continue. We think we'll have a -- they'll still be strong for first quarter and into second and third.

Analyst
Steven Marotta

Very helpful. Thank you.

Operator
Operator

Your next question comes from the line of Laurent Vasilescu from Macquarie.

Analyst
Laurent Vasilescu

Thank you. Good afternoon and congrats on great results. I wanted to ask about Allen Edmonds. I think last year in the fourth quarter, it generated about $24 million. I was curious to know how much the brand generated for this quarter, for the full quarter. And then any indication on how much it contributed to the EBIT line?

Executive
Kenneth H. Hannah

Yeah. I mean, we're not going to get into the specifics around brand by brand. I think as we had talked earlier in the year, it was low 40s in the first quarter and kind of ramped to the -- and it ended up in excess of 50 in the fourth quarter and was accretive to our overall earnings per share.

Analyst
Laurent Vasilescu

Okay, very helpful. And I think for November