Caleres (CAL) Updates Full Year 2024 Outlook
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Caleres Updates Full Year 2024 Outlook
January 13, 2025 8:30 AM ESTST. LOUIS--(BUSINESS WIRE)-- Caleres, (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today updated its financial outlook for consolidated sales, earnings per share and adjusted earnings per share for full year 2024.
We entered the holiday period encouraged by the broad positive momentum in our athletic business at Famous Footwear. However, sales trends softened in mid-December and into January, and were below our expectations. Based on quarter-to-date trends, including the impact of weather-related closures at Famous Footwear, we now anticipate that full year sales and earnings will be below our most recent... More
