BB&T Capital Upgrades Caleres (CAL) to Buy

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Go back to BB&T Capital Upgrades Caleres (CAL) to Buy

Caleres Reports First Quarter 2016 Results

May 26, 2016 4:15 PM EDT

Reduces inventory position by 2.1%

Maintains full-year earnings per share guidance

ST. LOUIS--(BUSINESS WIRE)-- Caleres (NYSE: CAL) (caleres.com), a diverse portfolio of global footwear brands which fit peoples lives, today reported first quarter 2016 financial results.

Consolidated Results

Net sales of $584.7 million, down 2.9% driven by a planned reduction in Brand Portfolio sales... More