While reporting financial results for the third quarter on Tuesday, footwear brand Caleres, Inc. (CAL) re-initiated its earnings and adjusted earnings guidance for the full-year 2025, well below analysts' estimates.
The company said it expects continued tariff pressure on gross margin and earnings dilution from the acquisition of Stuart Weitzman, which closed in August.
For the fourth quarter, the company expects a loss per share on both reported and adjusted basis. On average, analysts polled expect the company to report earnings of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2025, the company now projects loss in a range of $0.13 to $0.18 per share and adjusted earnings in a range of $0.55 to $0.60 per share, including $0.60 to $0.65 dilution from Stuart Weitzman. The Street is looking for earnings of $1.73 per share on net sales growth of 0.73 percent to $2.74 billion for the year.
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