QUARTERLY FINANCIAL DATA (Unaudited)

Quarterly financial results (unaudited) for 2018 and 2017 are as follows:



	Quarters
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
($ thousands, except per share amounts)	(13 weeks)		(13 weeks)		(13 weeks)		(13 Weeks)
2018
Net sales	$	632,142	$	706,612	$	775,829	$	720,263
Gross profit	274,921		293,101		310,610		277,712
Net earnings ⁽¹⁾	17,180		23,611		29,155		(75,427		)
Net earnings attributable to Caleres, Inc. ⁽¹⁾	17,212		23,646		29,153		(75,452		)
Per share of common stock:
Basic earnings per common share attributable to Caleres, Inc. shareholders ⁽²⁾	0.40		0.55		0.68		(1.83		)
Diluted earnings per common share attributable to Caleres, Inc. shareholders ⁽²⁾	0.40		0.55		0.67		(1.83		)
Dividends paid	0.07		0.07		0.07		0.07
Market value:
High	36.00		37.06		41.09		37.82
Low	27.10		32.18		31.84		26.63

(1) The fourth quarter of 2018 reflects impairment of goodwill and intangible assets of $83.0 million on an after-tax basis, as further described in Note 11 to the consolidated financial statements, the impact of amortization of the inventory fair value adjustments required for purchase accounting of $6.1 million on an after-tax basis, as further described in Note 2 to the consolidated financial statements, and several restructuring and other charges totaling $4.7 million, on an after-tax basis, as further described in Note 5 to the consolidated financial statements.

(2) EPS for the quarters may not sum to the annual amount as each period is computed on a discrete period basis.



	Quarters
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
($ thousands, except per share amounts)	(13 weeks)		(13 weeks)		(13 weeks)		(14 Weeks)
2017
Net sales	$	631,509	$	676,954	$	774,656	$	702,465
Gross profit	270,908		287,461		316,885		293,395
Net earnings (loss) ⁽¹⁾	14,884		17,674		34,373		20,301
Net earnings (loss) attributable to Caleres, Inc. ⁽¹⁾	14,902		17,595		34,387		20,316
Per share of common stock:
Basic earnings (loss) per common share attributable to Caleres, Inc. shareholders ⁽²⁾	0.35		0.41		0.80		0.47
Diluted earnings (loss) per common share attributable to Caleres, Inc. shareholders ⁽²⁾	0.35		0.41		0.80		0.47
Dividends paid	0.07		0.07		0.07		0.07
Market value:
High	32.83		29.11		31.27		34.34
Low	24.86		24.45		22.39		26.54

(1) The first and second quarters of 2017 reflect the impact of amortization of the inventory fair value adjustment required for purchase accounting of $1.9 million and $1.1 million, respectively, on an after-tax basis, as further described in Note 2 to the consolidated financial statements and several restructuring and other charges totaling$0.7 million and $1.9 million, respectively, on an after-tax basis, as further described in Note 5 to the consolidated financial statements. The fourth quarter of 2017 reflects restructuring charges totaling $0.6 million, on an after-tax basis, as further described in Note 5 to the consolidated financial statements and the benefit of income tax reform of $0.3 million, as further described in Note 7 to the consolidated financial statements.

(2) EPS for the quarters may not sum to the annual amount as each period is computed on a discrete period basis.