Caleres Reports First Quarter 2020 Results
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Caleres (CAL) Misses Q1 EPS by 44c, Revenues Miss
June 4, 2020 4:12 PM EDTCaleres (NYSE: CAL) reported Q1 EPS of ($1.30), $0.44 worse than the analyst estimate of ($0.86). Revenue for the quarter came in at $397.2 million versus the consensus estimate of $426.9 million.
First Quarter 2020 Highlights
Operating Results: (13-weeks ended May 2, 2020 compared to 13-weeks ended May 4, 2019)
Net Sales were $397.2 million compared to $677.8 million in the first quarter of fiscal 2019;Famous Footwear total sales of $191.3 million, down 45.7 percent with same-store-sales up 12.8 percent through mid-March, and up 12.6 percent for the entire quarter; andBrand Portfolio sales of $217.2 million, down 36.3 percent.Gross profit was $121.9 million, while gross margin was... More