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Earnings Per Share | 6 Months Ended
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Aug. 03, 2024
Earnings Per Share |
Earnings Per Share | Note 4 Earnings Per Share The Company uses the two-class method to compute basic and diluted earnings per common share attributable to Caleres, Inc. shareholders. In periods of net loss, no effect is given to the Company’s participating securities since they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted earnings per common share attributable to Caleres, Inc. shareholders for the periods ended August 3, 2024 and July 29, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen Weeks Ended | ​ | Twenty-Six Weeks Ended | ​
($ thousands, except per share amounts) |  | August 3, 2024 |  | July 29, 2023 |  | August 3, 2024 |  | July 29, 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
NUMERATOR | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net earnings | ​ | $ | 30,273 | ​ | $ | 34,365 | ​ | $ | 61,071 | ​ | $ | 69,157 | ​
Net earnings attributable to noncontrolling interests | ​ |  | (315) | ​ |  | (422) | ​ |  | (173) | ​ |  | (487) | ​
Net earnings attributable to Caleres, Inc. | ​ | $ | 29,958 | ​ | $ | 33,943 | ​ | $ | 60,898 | ​ | $ | 68,670 | ​
Net earnings allocated to participating securities | ​ |  | (1,065) | ​ |  | (1,513) | ​ |  | (2,278) | ​ |  | (2,990) | ​
Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities | ​ | $ | 28,893 | ​ | $ | 32,430 | ​ | $ | 58,620 | ​ | $ | 65,680 | ​
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
DENOMINATOR | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders | ​ |  | 33,883 | ​ |  | 34,280 | ​ |  | 33,838 | ​ |  | 34,343 | ​
Dilutive effect of share-based awards | ​ |  | 106 | ​ |  | — | ​ |  | 106 | ​ |  | — | ​
Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders | ​ |  | 33,989 | ​ |  | 34,280 | ​ |  | 33,944 | ​ |  | 34,343 | ​
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Basic earnings per common share attributable to Caleres, Inc. shareholders | ​ | $ | 0.85 | ​ | $ | 0.95 | ​ | $ | 1.73 | ​ | $ | 1.91 | ​
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Diluted earnings per common share attributable to Caleres, Inc. shareholders | ​ | $ | 0.85 | ​ | $ | 0.95 | ​ | $ | 1.73 | ​ | $ | 1.91 | ​
​ As further discussed in Item 2, Unregistered Sales of Equity Securities and Use of Proceeds, the Company has a publicly announced share repurchase program. The Company repurchased zero and 416,000 shares under this program during the thirteen and twenty-six weeks ended August 3, 2024, respectively. During the thirteen and twenty-six weeks ended July 29, 2023 the Company repurchased 763,000 shares under the program. Under the provisions of the Inflation Reduction Act of 2022, an immaterial amount of excise taxes are due on the Company’s share repurchases during the twenty-six weeks ended August 3, 2024 or July 29, 2023. ​

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