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

upside opportunity there. More pressure on a brand like Via Spiga, where they're not known in that sport category and we also are repositioning that business, but it's so immaterial to the total, Sam, it's not a huge impact, which is why I talk about all the others. And the Franco business is looking very good as we go into 2018. We have -- it's because it didn't really have any of the sport category. So it was fundamentally mostly just fashion categories, they hadn't really converted as quickly. So as we started to begin to do that, get more product, that is frankly resonating with the consumer. So less seasonal because we were very heavily dependent on boots. We're trying to make sure that we're more sort of shoe-focused I guess and not seasonal category focused to try to get that on the right path, which seems to be working right now. So all in, very excited about the total portfolio of brands. And most importantly is the big brands, the ones that really are sizable, have the omni-channel, have the retail, have wholesale distribution, are really performing in an outstanding manner.

Analyst
Sam Poser

Thank you very much and continued success.

Executive
Diane Sullivan

Thanks, Sam.

Operator
Operator

You have a question from the line of Scott Krasik with Buckingham Research.

Analyst
Scott Krasik

Thanks. Just a quick follow-up. Rick, the $25 million negative shift in 4Q, that doesn't take into account the almost $20 million for the 53rd week you have to lap as well. Is that correct?

Executive
Rick Ausick

Sure. Yes, it does. Yes.

Analyst
Scott Krasik

Okay. All right. Thanks, guys.

Operator
Operator

At this time, we are out of time for questions. I will turn the call over to Ms. Diane Sullivan for any closing remarks.

Executive
Diane Sullivan

Thank you very much for joining us this afternoon. We are excited about the potential for the company and looking forward to speaking with you again in May, if not sooner. Thanks. Take care.

Operator
Operator

This does conclude today's conference call. You may now disconnect.