Caleres (CAL) Tops Q3 EPS by 1c; Guides FY16 Inline with Views
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Caleres Reports Third Quarter 2016 Results
November 22, 2016 4:15 PM ESTCompany delivers growth in sales, margin, earnings and cash
ST. LOUIS--(BUSINESS WIRE)-- Caleres (NYSE: CAL, caleres.com), a diverse portfolio of global footwear brands which fit peoples lives, today reported third quarter 2016 financial results.
Consolidated Results
Third Quarter
Net sales of $732.2 million were up 0.5%, as Famous Footwear experienced a solid back-to-school season Gross margin up 53 basis points to 40.1%, driven by Brand Portfolio Operating margin up 41 basis points to 7.6%, with strong contribution from Brand Portfolio... More