Caleres' Q2 Earnings Miss, Famous Footwear Unit's Comps Decline 2.9%

Caleres, Inc. (CAL) posted soft results in the second quarter of fiscal 2024, wherein the bottom and top lines missed the Zacks Consensus Estimate and fell year over year. The company posted adjusted earnings of 85 cents a share, lagging the Zacks Consensus Estimate of $1.21. Also, the bottom line decreased from 98 cents a share in the same quarter a year ago. Though the company's brands and products resonate with consumers, second-quarter results in both segments were weak. It also saw dull seasonal demand ...