By Davit Kirakosyan

Caleres shares (NYSE:), surged around 8 percent after-hours, following Q1 company results. EPS was $1.32 higher than the consensus estimate at $0.83.

Year-over-year, revenue increased 15.1% to $735.1 million compared with the consensus estimate $677.28million. Famous Footwear revenue fell 3.4% while Brand Portfolio revenue increased 46.1%.

Caleres Chairman Diane Sullivan said that the company has a unique position to capitalise on market opportunities despite ongoing supply chain problems and persistent macroeconomic headwinds.

Company raised full outlook for 2022. Now, they expect consolidated sales to rise 2-5% year over year and that diluted earnings to range between $4.20-4.40.