Thirteen Weeks Ended

Thirty-Nine Weeks Ended

($ thousands, except per share amounts)

October 29, 2022

October 30, 2021

October 29, 2022

October 30, 2021

NUMERATOR

Net earnings

$

38,992

$

59,685

$

140,529

$

104,222

Net loss (earnings) attributable to noncontrolling interests

254

(63)

404

(1,057)

Net earnings attributable to Caleres, Inc.

$

39,246

$

59,622

$

140,933

$

103,165

Net earnings allocated to participating securities

(1,723)

(2,140)

(5,951)

(3,737)

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

$

37,523

$

57,482

$

134,982

$

99,428

DENOMINATOR

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

34,379

36,889

35,207

36,825

Dilutive effect of share-based awards

507

457

450

294

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

34,886

37,346

35,657

37,119

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

$

1.09

$

1.56

$

3.83

$

2.70

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

$

1.08

$

1.54

$

3.79

$

2.68