Caleres Inc. (CAL) Lags Q1 Earnings and Revenue Estimates

Core Insights - Caleres Inc. reported quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.88 per share a year ago, representing an earnings surprise of -40.54% [1] - The company posted revenues of $614.22 million for the quarter, missing the Zacks Consensus Estimate by 1.09%, and down from $659.2 million year-over-year [2] - Caleres Inc. shares have declined approximately 29.3% year-to-date, contrasting with the S&P 500's gain of 0.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $675.67 million, and for the current fiscal year, it is $2.80 on revenues of $2.69 billion [7] - The estimate revisions trend for Caleres Inc. is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Shoes and Retail Apparel industry, to which Caleres belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting a challenging environment [8] - Another company in the same industry, Nike, is expected to report a significant decline in earnings, with a projected EPS of $0.11, down 89.1% year-over-year, and revenues expected to decrease by 15.4% from the previous year [9]