Caleres Reports Third Quarter 2019 Results
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Go back to Caleres Reports Third Quarter 2019 Results
November 26, 2019 6:45 AM EST
Needham & Company analyst Rick Patel lowered the price target on Caleres (NYSE: CAL) to $24.00 (from $26.00) while maintaining a Buy rating. The analyst cited lower visibility.
The analyst commented, "While CAL reported a strong 3Q for Famous Footwear, we expect the market... More
November 25, 2019 4:13 PM EST
Caleres (NYSE: CAL) reported Q3 EPS of $0.78, $0.05 worse than the analyst estimate of $0.83. Revenue for the quarter came in at $792.4 million versus the consensus estimate of $820.42 million.
Consolidated sales of $792.4 million, up 2.1%.Famous Footwear total sales of $446.6 million, with same-store-sales up 2.5%.Brand Portfolio sales of $359.9 million, up 4.9%.Gross profit of $319.8 million, up 2.9%,...
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