Caleres, Inc. Stock News

NEW YORK, NY / ACCESSWIRE / September 19, 2024 / Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating potential claims on behalf of purchasers of Caleres, Inc. (NYSE:CAL) ("Caleres" or "the Company") Caleres, the parent of discount shoe retailer Famous Footwear, said weak demand, a later back...

Caleres' 2Q24 results disappointed, leading to a 19% stock drop and revised guidance to a low single-digit down year. ERP issues and discounting hurt sales and margins, with retail gross margins falling 140 bps due to BOGO promotions. Despite a 13% current earnings yield, historical margin trends suggest a less attractive 9% yield, justifying a Hold rating.

Caleres, Inc. (NYSE:CAL ) Q2 2024 Earnings Conference Call September 12, 2024 10:00 AM ET Company Participants Liz Dunn - SVP, Corporate Development & Strategic Communications Jay Schmidt - President & CEO Jack Calandra - SVP & CFO Conference Call Participants Laura Champine - Loop Capital Markets Mitch Kummetz - Seaport Global Securities Josh Herrity - Telsey Advisory Group Chandana Madaka - K...

Caleres (CAL) shares plunged Thursday when the footwear company significantly missed estimates and slashed its outlook on soft demand, a later back-to-school sales period, and technical problems.

Caleres missed estimates on the top and bottom lines in its Q2 report. It also cut its guidance for the full year.

ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the second quarter 2024. Reported Sales of $683.3 million, down 1.8% year-on-year; Famous Footwear sales increased 1.5% versus the second quarter of 2023 with a later than expected back- to-school season; Brand Portfolio sales declined 5.1% versus ...

ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on September 27, 2024, to shareholders of record as of September 13, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Cale...

ST. LOUIS--(BUSINESS WIRE)--Allen Edmonds, a lead brand in the Caleres (NYSE: CAL) portfolio and the largest men's luxury shoe brand consistently handcrafting shoes in America, proudly announces the launch of The Reserve Collection. This exclusive capsule is the pinnacle expression of the art of American shoemaking and reflects Allen Edmond's commitment to quality and craftsmanship for over a c...