Sign in

    Joshua Herrity

    Managing Director and Senior Research Analyst at Telsey Advisory Group

    Joshua Herrity is a Managing Director and Senior Research Analyst at Telsey Advisory Group, specializing in the coverage of cosmetics, luxury, internet, and specialty apparel retail sectors. He directly analyzes and provides research on leading companies within these industries, leveraging deep domain expertise for actionable investment insights. Herrity joined Telsey Advisory Group in 2015 and has advanced to his current senior role, building on prior experience as Vice President at other financial firms. He holds professional credentials relevant to equity research and is recognized for his rigorous sector analysis and commitment to excellence in consumer market research.

    Joshua Herrity's questions to CALERES (CAL) leadership

    Joshua Herrity's questions to CALERES (CAL) leadership • Q2 2024

    Question

    Joshua Herrity of Telsey Advisory Group asked for details on demand trends by category, the resulting impact on inventory and gross margin for the second half, and clarification on the scope of the ERP implementation and future system upgrade plans.

    Answer

    CEO John Schmidt explained that the company has successfully pivoted to sneakers, is managing boot inventory appropriately, and has adjusted its dress business. CFO Jack Calandra clarified the ERP upgrade impacted the Brand Portfolio and core financial systems. Schmidt added that all other future system upgrades are on hold to ensure the current system is fully stabilized before proceeding.

    Ask Fintool Equity Research AI