Caleres, Inc. (NYSE:CAL) Q4 2022 Earnings Call Transcript

Jack Calandra: Yes, it’s certainly one of the factors and an important factor. I would say, the other factor though is just making sure that we’ve got liquidity. As you know, there are others in the industry and across industries that have gotten into some trouble by probably buying back more shares and then not having cash and liquidity to weather any sort of bumps in the macroeconomic environment. And so, we want to be really prudent there. That said, we continue to believe our stock is a good investment. And as we think about opportunities on the M&A front, obviously, the bar has been raised just given the work that Jay and the team have done on the brand portfolio and we always want to evaluate those investments versus investing in our own company.

Mitch Kummetz: Okay. Thanks again.

Jack Calandra: Thank you.

Jay Schmidt: Thank you Mitch. We have reached the end of the question-and-answer session. I would now like to turn the call back to Jay Schmidt for closing comments.

Jay Schmidt: Okay. Thanks again for your interest in Caleres. We look forward to speaking to you again at our first quarter call in May. Thank you.

Operator: This concludes today’s conference. You may disconnect your lines at this time. And we thank you for your participation.