Caleres Beats Q2 Estimates, Raises Full-Year EPS Outlook to $1.50-$1.65
CAL sits 41% above its 52-week low of $8.8.
Summary
Caleres delivered a strong Q2, with adjusted EPS of $0.47 beating the $0.37 consensus and sales of $695.45M topping estimates. The company raised its full-year adjusted EPS outlook to $1.50-$1.65 from $1.40-$1.65, though Q3 guidance of $0.62-$0.70 came in below the $0.83 analyst estimate. Brand Portfolio sales surged 23.6% (8.2% organic) and international sales jumped 57%, while Famous Footwear lagged with a 6.3% sales decline. Gross margin expanded significantly, aided by a $55.6M tariff refund. The stock rose 4.41% on the news. This follows the 8-K filed earlier today with the same financials, but this is the first market-facing report with analyst reaction and price action.
At the time of this announcement, CAL was trading at $12.38 on NYSE in the Trade & Services sector, with a market capitalization of approximately $415.8M. The 52-week trading range was $8.80 to $16.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.