Caleres Q3 2016 Earnings Presentation

Caleres reports third quarter 2016 earnings with net sales of $732.2M, up 0.5% year-over-year. The company achieved gross margin expansion of 53 basis points to 40.1% and operating margin growth of 41 basis points to 7.6%, driven by its brand portfolio strategy. Diluted EPS reached $0.81 with cash equivalents rising to $173.4M.