Caleres Boosts FY22 Outlook

While reporting preliminary results for the fourth quarter on Wednesday, footwear brand Caleres Inc. (CAL) raised its adjusted earnings and sales growth guidance for the full-year 2022, based on a stronger-than-anticipated holiday performance and continued robust demand for its lead brands.

For fiscal 2022, the company now projects adjusted earnings in a range of $4.50 to $4.52 per share on consolidated sales of about $2.97 billion, up 7 percent from last year.

Previously, the company expected adjusted earnings in the range of $4.30 to $4.40 per share on consolidated sales growth of 4 to 6 percent.

On average, four analysts polled by Thomson Reuters expect the company to report earnings of $4.35 per share on sales of $2.95 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Domino's Pizza Inc., the largest pizza company in the world, is offering customers 50 percent off all menu-priced pizzas ordered online today through June 11 ahead of summer. The weeklong 50 percent off online deal is available on menu-priced pizzas ordered through Domino's online ordering channels. These include www.dominos.com, Domino's mobile app, Amazon Alexa, Google Home, Facebook Messenger.. J.T.M. Provisions Co. is recalling around 22,530 pounds of frozen, ready-to-eat beef chili with beans products distributed to schools, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recalled ietms may be contaminated with extraneous materials, specifically white plastic. Boeing and NASA announced further delay in the much expected launch of Starliner Crew Flight to the International Space Station following certain emerging issues with the capsule. Boeing has been developing its Starliner spacecraft after winning nearly $5 billion in contracts under NASA's Commercial Crew Program. Starliner's first crewed flight was earlier prepared for an April launch.
Follow RTT