($ thousands, except per share amounts)

 

2025

2024

2023

NUMERATOR

Net (loss) earnings

$

(9,877)

$

106,097

$

171,832

Net loss (earnings) attributable to noncontrolling interests

3,185

1,158

(441)

Net (loss) earnings attributable to Caleres, Inc.

$

(6,692)

$

107,255

$

171,391

Net earnings allocated to participating securities

—

(3,839)

(7,517)

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

$

(6,692)

$

103,416

$

163,874

DENOMINATOR

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

32,518

33,397

34,142

Dilutive effect of share-based awards

—

116

10

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

32,518

33,513

34,152

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

$

(0.21)

$

3.10

$

4.80

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

$

(0.21)

$

3.09

$

4.80