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    Chandana Naga Madaka

    Research Analyst at KeyBanc Capital Markets

    Chandana Naga Madaka is an Equity Research Associate at KeyBanc Capital Markets, specializing in the consumer discretionary sector with a focus on the footwear and accessories industry, notably covering companies such as Crocs. Despite being early in their career and having issued only a single public rating to date, Madaka's investment call on Crocs currently shows a significant projected upside, though their recorded success rate stands at 0% with an average return of -26.05%. After joining KeyBanc Capital Markets first as an Equity Research Summer Associate and returning full-time following the internship, Madaka is now based in New York and participates in earnings calls and sector research efforts. Chandana holds professional registration with FINRA, listed under CRD# 7272506, reflecting compliance with industry credentials required for U.S. equity research professionals.

    Chandana Naga Madaka's questions to CALERES (CAL) leadership

    Chandana Naga Madaka's questions to CALERES (CAL) leadership • Q3 2024

    Question

    Chandana Madaka inquired about Caleres's confidence in its long-term plan a year after its Investor Day, seeking clarity on the delayed EPS targets and the specific drivers behind the revised outlook, particularly from an OpEx perspective. She also asked for details on the softness observed in the China market and the company's confidence in the region amid new store openings.

    Answer

    CFO Jack Calandra acknowledged the year as a setback, attributing it to a softer fashion footwear market, disruptions from a Q2 ERP upgrade, and strategic investments in international growth and marketing. He affirmed that while it will take longer to reach the EPS goals set in October 2023, the company has the capabilities to return to over $4 in EPS. CEO Jay Schmidt added that while the company remains confident in China's long-term potential, initial growth plans were too aggressive, and they are now pursuing a more balanced international strategy that includes the Middle East, EU, and Southeast Asia.

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