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CALERES * 5 * NEWS RELEASE Caleres Reports Third Quarter 2021 Results , Raises Full Year Outlook 11/18/2021 • Achieved all - time record quarterly earnings • Generated record quarterly sales at Famous Footwear • Sequential sales improvement in the Brand Portfolio • Raises fiscal full - year 2021 adjusted earnings per share guidance to between $ 3.80 and $ 3.90 ST . LOUIS -- ( BUSINESS WIRE ) -- Caleres ( NYSE : CAL ) ( caleres.com ) , operator of a powerful portfolio of consumer centric footwear brands , today reported financial results for the third quarter ended October 30 , 2021. During the quarter , Caleres continued to capitalize on strong consumer demand trends , achieving sequential revenue growth , recording strong gross margins , and delivering the highest level of quarterly earnings in company history . In addition , the company made further progress toward its balance sheet initiatives , enhancing its cash position , reducing its debt levels and securing more advantageous term on its asset - based credit facility . " Caleres achieved another record performance in the quarter just ended , driven principally by continued , exceptional upward momentum in our Famous Footwear business , " said Diane Sullivan , Chairman and Chief Executive Officer . " As robust consumer demand dynamics continue to accelerate , we fully expect the ongoing recovery in the Brand Portfolio to be an increasingly strong complement to the ongoing success at Famous Footwear in the quarters ahead . " Third Quarter 2021 Highlights ( 13 - weeks ended October 30 , 2021 compared to 13 - weeks ended October 31 , 2020 ) • Net sales were $ 784.2 million , up 21.1 percent from the third quarter of fiscal 2020 o A 26.3 percent sales increase in the Famous Footwear segment ; o A 12.3 percent sales increase in the Brand Portfolio segment ; o Direct - to - consumer sales represented 73.5 percent of total net sales 1