Caleres Q1 Results Miss Estimates; Reiterates FY24 Outlook
(RTTNews) - Footwear brand Caleres Inc. (CAL) reported Thursday that net earnings for the first quarter decreased to $30.94 million or $0.88 per share from $34.73 million or $0.97 per share in the prior-year quarter.
Net sales for the quarter edged down 0.5 percent to $659.20 million from $662.73 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share on net sales of $665.45 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the second quarter, the company now expects earnings in a range of $1.20 to $1.25 per share on consolidated net sales growth of 3 to 4 percent from last year. Analysts expect earnings of $1.22 per share on sales of $712.36 million for the quarter.
For fiscal 2024, the company continues to project earnings in a range of $4.30 to $4.60 per share on consolidated net sales to be flat to up 2 percent from last year.
The Street is looking for earnings of $4.60 per share on sales of $2.87 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Caleres Reiterates Q3, FY23 Outlook
Caleres Q1 EPS Tops Estimates; Reiterates FY23 Adj. EPS Outlook
Caleres Boosts FY22 Outlook
DAX Notably Higher As Fed Rate Cut Hopes, Easing Trade Tensions Lift Sentiment
Sensex, Nifty End Higher After Inflation Relief
U.S. Dollar Falls Against Majors
European Shares Extend Gains On Fed Rate Cut Hopes
