Caleres (CAL) Tops Q4 EPS by 1c, Tops on Revenue; Offers Guidance

Caleres (NYSE: CAL) reported Q4 EPS of $0.86, $0.01 better than the analyst estimate of $0.85. Revenue for the quarter came in at $697.1 million versus the consensus estimate of $691.92 million.

The company is introducing its financial outlook for fiscal 2024 and first quarter of 2024 and notes that its fiscal 2024 is a 52-week year and compares to a 53-week year in fiscal 2023.

Caleres expects consolidated net sales to be flat to up 2 percent, compared to 2023, and earnings per diluted share to be in the range of $4.30 to $4.60. This outlook considers and balances the positive momentum in our Brand Portfolio segment and ongoing companywide cost reduction initiatives against anticipated headwinds that include a forecasted decline in the footwear market, inflationary pressures that could affect consumer demand at Famous Footwear, and higher freight costs.

For earnings history and earnings-related data on Caleres (CAL) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Alphabet slides over 6% as AI brain drain and SpaceX slump converge
• MP Materials seen largely insulated after China export-control move