The footwear retailer's latest results disappointed the market. Shares of Caleres (CAL -18.60%), the parent of Famous Footwear and other footwear brands, were tumbling today after the company posted disappointing results in its second-quarter earnings report. As of 11:34 a.m. ET, the stock was down 19.1% on the news. Caleres misses the mark Caleres said revenue in the quarter was down 1.8% to $683.3 million, well below estimates at $723.8 million. Famous Footwear sales rose 1.5%, which included a later-than ...

Caleres Inc. (CAL) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -29.75%. A quarter ago, it was expected that this footwear wholesaler and retailer would post earnings of $0.86 per share when it actually produced earnings of $0.88, delivering a surprise of 2.33%. Over the last four ...

Exhibit 99.1 Caleres Reports Second Quarter Results and Updates Guidance ST. LOUIS, September 12, 2024 - Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the second quarter 2024. ● Reported Sales of $683.3 million, down 1.8% year-on-year; ● Famous Footwear sales increased 1.5% versus the second quarter of 2023 with a later than expected back- to-school season; ● Brand Portfolio sales declined 5.1% versus the second quarter of 2023 due t ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Caleres Inc. (CAL) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of su ...

What's the Price-to-Sales Ratio? The price-to-sales ratio is often preferred over price-to-earnings, as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable. Screening Parameters Debt to Equity (Most Recent) less than the Median Debt to Equity for its Industry: A company with less debt should have a stable price-to-sales ratio. Here are five of the 17 stocks that qualified after the screening: Caleres expects to contin ...

Investing in stocks, after analyzing the valuation metrics, is considered one of the best practices. The price-toearnings ratio has always been the obvious choice when considering valuation metrics. This is because calculations based on earnings are easy and come in handy. However, the price-to-sales ratio is convenient for determining the value of stocks that are incurring losses or in an early development cycle, generating meager or no profit. What's the Price-to-Sales Ratio? While a loss-making company w ...

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Finally, investors should note that CAL has a P/CF ratio of 5.17. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's ...

The Company's consolidated effective tax rate can vary considerably from period to period, depending on a number of factors. The Company's consolidated effective tax rates were 23.0% and 23.5% for the thirteen weeks ended May 4, 2024 and April 29, 2023, respectively. As of May 4, 2024, no deferred taxes have been provided on the accumulated unremitted earnings of the Company's foreign subsidiaries that are not subject to United States income tax, beyond the amounts recorded for the one-time transition tax f ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are und ...

Caleres, Inc. (NYSE:CAL) Q1 2024 Results Earnings Conference Call May 30, 2024 11:00 AM ET Company Participants Logan Bonacorsi - Vice President of Investor Relations Jay Schmidt - President and Chief Executive Officer Jack Calandra - Senior Vice President and Chief Financial Officer Conference Call Participants Ashley Owens - KeyBanc Capital Markets Dana Telsey - Telsey Advisory Group Mitch Kummetz - Seaport Global Operator Good morning and welcome to Caleres First Quarter 2024 Earnings Conference Call. My ...