Caleres posts 10.9 percent rise in Q2 earnings

For the second quarter, Caleres delivered net earnings of 25.3 million dollars with earnings per diluted share of 61 cents, up 10.9 percent, while adjusted net earnings reached 25.8 million dollars, resulting in adjusted earnings per diluted share of 62 cents, up 5.1 percent. Sales of 752.5 million dollars, increased 6.5 percent year-over-year. Brand Portfolio sales of 359.6 million dollars, were up 17.9 percent, while total sales at Famous Footwear were 419.8 million dollars, with same-store-sales up 1.5 percent. The company’s gross profit of 305.9 million dollars, rose 4.4 percent, representing gross margin of 40.7 percent.