Caleres Inc. (CAL) Lags Q2 Earnings and Revenue Estimates

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 ...