Overview
Caleres reports Q3 net income of $1.4 mln, down 96.5% yr/yr
Revenue rises 6.6%, beating analysts' expectations
Adjusted EPS drops to $0.38 from $1.23 last year
Stuart Weitzman acquisition boosts revenue but pressures earnings
Outlook
Caleres expects full-year GAAP loss per share between $0.13 and $0.18
Company anticipates adjusted EPS for fiscal 2025 between $0.55 and $0.60
Caleres sees continued tariff pressure on gross margin and earnings
Result Drivers
BRAND PORTFOLIO GROWTH - Brand Portfolio sales increased 18.8%, driven by Stuart Weitzman contribution and organic growth
E-COMMERCE MOMENTUM - Owned eCommerce sales across Famous Footwear and Brand Portfolio up double digits
STUART WEITZMAN IMPACT - Stuart Weitzman acquisition added $45.8 mln to sales but pressured earnings due to integration costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $790.05 mln | $759.09 mln (3 Analysts) |
Q3 EPS | $0.07 | ||
Q3 Net Income | $1.43 mln | ||
Q3 Basic EPS | $0.07 | ||
Q3 EBIT | $11.97 mln | ||
Q3 Gross Profit | $329.95 mln | ||
Q3 Pretax Profit | $6.16 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Caleres Inc is $19.00, 40.8% above its December 8 closing price of $13.49
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nBw7XkmlKa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments