Caleres Q1 Brand Sales Jump 20.6%, Operating Margin Rises to 3.6%
CAL sits 61% above its 52-week low of $8.8.
Summary
Caleres reported strong Q1 operational results, with Brand Portfolio sales up 20.6% and operating margin improving to 3.6% from 2.1% year-ago. This provides further detail on the company's Q1 performance, which already saw a significant EPS beat reported yesterday. The reaffirmation of the full-year outlook, despite noted headwinds, suggests management confidence in continued stability.
At the time of this announcement, CAL was trading at $14.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $479.5M. 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 7 out of 10. Source: Wiseek News.