Thirteen Weeks Ended

($ thousands, except per share amounts)

April 30, 2022

May 1, 2021

NUMERATOR

Net earnings

$

49,985

$

6,385

Net loss (earnings) attributable to noncontrolling interests

524

(238)

Net earnings attributable to Caleres, Inc.

$

50,509

$

6,147

Net earnings allocated to participating securities

(2,017)

(210)

Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities

$

48,492

$

5,937

DENOMINATOR

Denominator for basic earnings per common share attributable to Caleres, Inc. shareholders

36,209

36,707

Dilutive effect of share-based awards

467

158

Denominator for diluted earnings per common share attributable to Caleres, Inc. shareholders

36,676

36,865

Basic earnings per common share attributable to Caleres, Inc. shareholders

$

1.34

$

0.16

Diluted earnings per common share attributable to Caleres, Inc. shareholders

$

1.32

$

0.16