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An announcement from Caleres ( (CAL) ) is now available.
Caleres has revised its financial outlook for 2024, anticipating a decrease in consolidated net sales by 3.0% to 3.5% and adjusted earnings per share in the range of $3.20 to $3.30. The update is due to a slowdown in sales trends during the holiday season and weather-related closures affecting Famous Footwear. Despite these challenges, Caleres is committed to its strategic plan for 2025, aiming to drive long-term value for shareholders and return to growth.
More about Caleres
Caleres is a leading portfolio of global footwear brands, including Famous Footwear, Sam Edelman, and Naturalizer. With over 140 years of craftsmanship, the company operates nearly 1,000 retail stores and offers products through various e-commerce sites and third-party retailers. Caleres focuses on inspiring consumers with exceptional fits and experiences.
YTD Price Performance: -5.96%
Average Trading Volume: 684,796
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $711.3M
See more data about CAL stock on TipRanks’ Stock Analysis page.
