BUZZ-Caleres down after company warns of choppy Q4 earnings** Shares of U.S. footwear retailer Caleres CAL.N fall 1.3% to $13.86 premarket
** Caleres, whose Stuart Weitzman brand is sold at Saks Global stores, on Wednesday warned of potential Q4 earnings volatility linked to the bankruptcy of the high-end department store conglomerate
** Co says the bankruptcy could pose a risk of up to 6 cents per share to Q4 earnings forecast
** Names Dan Karpel as interim chief financial officer as current CFO Jack Calandra to step down by month-end
** In 2025, CAL fell about 47%
(Reporting by Angela Christy M)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments