While reporting financial results for the second quarter on Thursday, footwear brand Caleres Inc. (CAL) slashed its earnings and net sales growth outlook for the full-year 2024 and provided outlook for the second quarter.
Looking ahead to the second quarter, the company now expects earnings in a range of $1.24 to $1.34 per share and adjusted earnings in a range of $1.30 to $1.40 per share on consolidated net sales to be flat to down 2 percent from last year.
On average, four analysts polled by Thomson Reuters expect the company to report earnings of $1.50 per share on net sales of $764.43 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2024, the company continues to project earnings in a range of $3.94 to $4.09 per share and adjusted earnings in a range of $4.00 to $4.15 per share on consolidated net sales to decline in the low-single-digit percent from last year.
Previously, the company expected earnings and adjusted earnings in the range of $4.30 to $4.60 per share on consolidated net sales to be flat to up 2 percent from last year.
The Street is looking for earnings of $4.42 per share on net sales decline of 1.10 percent to $2.85 billion for the year.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.