Caleres Stock Slides on Lower 3Q Profit Due to Tariffs

Dow Jones12-09

By Kelly Cloonan

Shares of Caleres declined after profit slid in its latest quarter, hurt by higher tariff costs.

The stock slid 11% to $12.07 on Tuesday. Shares are down 48% this year.

The St. Louis footwear company posted a fiscal third-quarter profit of $2.39 million, or 7 cents a share, compared with $41.4 million, or $1.19 a share, a year earlier.

Adjusted earnings per share were 38 cents, missing estimates of 85 cents a share according to analysts polled by FactSet.

Sales rose 6.6% to $790.1 million, topping analyst estimates of $768.6 million. Excluding the company's Stuart Weitzman brand, which it acquired in August, sales ticked up 0.4%.

Chief Executive Jay Schmidt said the company experienced pressure on earnings from tariffs and near-term acquisition dilution, but that the fundamentals of its business are improving.

Going forward, the company said it is working to clean up aged and excess inventory, and that it expects tariffs to continue to pressure margins.

For the fiscal year, Caleres guided for a loss of 18 cents to 13 cents a share and adjusted earnings of 55 cents to 60 cents a share. Analysts forecast adjusted earnings of $1.72 a share.

The company had previously withheld its outlook, citing market uncertainty.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 09, 2025 10:50 ET (15:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares are down 48% this year. \n</p>\n<p>\n  The St. Louis footwear company posted a fiscal third-quarter profit of $2.39 million, or 7 cents a share, compared with $41.4 million, or $1.19 a share, a year earlier. \n</p>\n<p>\n  Adjusted earnings per share were 38 cents, missing estimates of 85 cents a share according to analysts polled by FactSet. \n</p>\n<p>\n  Sales rose 6.6% to $790.1 million, topping analyst estimates of $768.6 million. Excluding the company's Stuart Weitzman brand, which it acquired in August, sales ticked up 0.4%. \n</p>\n<p>\n  Chief Executive Jay Schmidt said the company experienced pressure on earnings from tariffs and near-term acquisition dilution, but that the fundamentals of its business are improving. \n</p>\n<p>\n  Going forward, the company said it is working to clean up aged and excess inventory, and that it expects tariffs to continue to pressure margins. \n</p>\n<p>\n  For the fiscal year, Caleres guided for a loss of 18 cents to 13 cents a share and adjusted earnings of 55 cents to 60 cents a share. 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Shares are down 48% this year. \n</p>\n<p>\n  The St. Louis footwear company posted a fiscal third-quarter profit of $2.39 million, or 7 cents a share, compared with $41.4 million, or $1.19 a share, a year earlier. \n</p>\n<p>\n  Adjusted earnings per share were 38 cents, missing estimates of 85 cents a share according to analysts polled by FactSet. \n</p>\n<p>\n  Sales rose 6.6% to $790.1 million, topping analyst estimates of $768.6 million. 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Shares are down 48% this year. \n\n\n  The St. Louis footwear company posted a fiscal third-quarter profit of $2.39 million, or 7 cents a share, compared with $41.4 million, or $1.19 a share, a year earlier. \n\n\n  Adjusted earnings per share were 38 cents, missing estimates of 85 cents a share according to analysts polled by FactSet. \n\n\n  Sales rose 6.6% to $790.1 million, topping analyst estimates of $768.6 million. Excluding the company's Stuart Weitzman brand, which it acquired in August, sales ticked up 0.4%. \n\n\n  Chief Executive Jay Schmidt said the company experienced pressure on earnings from tariffs and near-term acquisition dilution, but that the fundamentals of its business are improving. \n\n\n  Going forward, the company said it is working to clean up aged and excess inventory, and that it expects tariffs to continue to pressure margins. \n\n\n  For the fiscal year, Caleres guided for a loss of 18 cents to 13 cents a share and adjusted earnings of 55 cents to 60 cents a share. Analysts forecast adjusted earnings of $1.72 a share. \n\n\n  The company had previously withheld its outlook, citing market uncertainty. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2025 10:50 ET (15:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590340432","isCrawlerRequest":true}