Caleres: Margins Are Returning To The Mean As Warned, Still A Hold

Group 1 - Caleres, Inc. reported its Q3 2024 results, showing revenue growth in both retail and wholesale branded sectors on a comparable basis [1] - The company maintained strong operating margins despite a decrease in absolute terms [1] Group 2 - The analysis emphasizes a long-only investment approach, focusing on operational aspects and long-term earnings potential rather than market-driven dynamics [1] - The investment strategy suggests that only a small fraction of companies should be considered for buying at any given time, with most recommendations being holds [1]