Caleres, Inc. (NYSE:CAL) Q3 2019 Earnings Conference Call - Final Transcript

Nov 25, 2019 • 04:30 pm ET


Caleres, Inc. (NYSE:CAL) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon and welcome to the Caleres Third Quarter Earnings Conference Call. My name is Catherine and I will be your conference coordinator. [Operator Instructions] After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the call over to Ken Hannah, Senior Vice President and Chief Financial Officer. Please go ahead.

Kenneth H. Hannah

Good afternoon. I would like to thank you for joining our Third Quarter 2019 Earnings Call and Webcast. A press release with detailed financial tables, as well as slides are available at Please be aware, today's discussion contains forward-looking statements, which are subject to a number of risks and opportunities.

Actual results may differ materially due to various risk factors, including but not limited to the factors disclosed in the Company's Form 10-K and other filings with the U.S. Securities and Exchange Commission. Please refer to today's press release and our SEC filings for more information on risk factors and other factors, which could impact forward-looking statements. Copies of these reports are available online. The Company undertakes no obligation to update any information discussed in this call at any time.

Joining me on the call today is Diane Sullivan, CEO, President and Chairman.

I would now like to turn the call over to Diane.

Diane Sullivan

Thanks, Ken and good afternoon, everyone. It was good to see many of you at our Investor Day in October. Thank you for joining our third quarter call and for your continued support of Caleres. And during the third quarter, we continued to successfully execute on our strategies as we broaden the reach and power of our brands and products, strengthen connections with consumers and accelerated the innovation of capabilities and operations. Our drive to leverage our investments and insight, combined with our industry leading footwear capabilities, allowed us to deliver continued positive same-store sales growth at Famous Footwear and increased market share within the Brand Portfolio. As it relates to strengthening our connections with consumers, we're excited to have opened the new Famous Footwear store in New York City, ahead of the busiest shopping period of the year. This store in Herald Square, which is just down the street from our original 34th Street location, will enable us to broaden the reach of the brand, featuring world-class and demand brands at a great value. This high impact brand enhancing location is going to feature dedicated trend shops that will deepen our emotional connection with the customer and truly make them feel a little famous when they shop with us.

As it relates to broadening the reach and power of our brands and products, we also launched 27EDIT, our Halo brand for our Naturalizer brand family and over 50 brick-and-mortar doors, following a successful online performance in spring. This collection of premium Footwear combines all the fit and comfort components that Naturalizer is known for, while elevating the design and materials with a more contemporary aesthetic. Most importantly, this collection was based on feedback from