Thirteen Weeks Ended

($ thousands, except per share amounts)

April 29, 2023

April 30, 2022

NUMERATOR

Net earnings

$

34,792

$

49,985

Net (earnings) loss attributable to noncontrolling interests

(65)

524

Net earnings attributable to Caleres, Inc.

$

34,727

$

50,509

Net earnings allocated to participating securities

(1,478)

(2,017)

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

$

33,249

$

48,492

DENOMINATOR

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

34,407

36,209

Dilutive effect of share-based awards

—

467

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

34,407

36,676

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

$

0.97

$

1.34

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

$

0.97

$

1.32