The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ashley Owens - KeyBanc - Analyst
: First, is there any more color you can give on the guidance for both the second quarter and fiscal year for your expectations between Famous and
the Brand Portfolio given what we saw in 1Q? I guess specifically on the Brand Portfolio, do you expect that we'll continue to face tougher trends
within the underperforming categories and lack of promos in the second quarter or is that more of a first quarter dynamic?
Question: Ashley Owens - KeyBanc - Analyst
: Okay, great. And then just also on wholesale, really quickly on, can you elaborate on anything trend-wise between the channels, the department
store shoe chains, off-price and just how you expect that to look and in the back half or anything you can comment on what you're seeing so far
this quarter?
Question: Ashley Owens - KeyBanc - Analyst
: Great. Thanks so much.
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MAY 30, 2024 / 3:00PM, CAL.N - Q1 2024 Caleres Inc Earnings Call
Question: Dana Telsey - Telsey Advisory - Analyst
: Hi, good morning, everyone. As you think about the current state of the consumer, both for Famous and also for the Brand Portfolio, anything that
you're noticing change between the fourth quarter and the first quarter. And when you think about, Jay, Fashion innovation, newness out there,
what percentage of the offering is being driven by that? Are you adjusting any prices or is the margin or price points on that higher?
Lastly, as we think about back to school, any difference in how you're planning back to school this year versus last year?
Just lastly with the FLAIR stores, how are those doing? Any updates on versus the base and any tweaks being made in terms of how you're thinking
about performance for the back half of the year? Thank you.
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