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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Caleres, Inc. - CAL
CALCaleres(CAL) GlobeNewswire News Room·2025-06-06 16:46

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Caleres, Inc. and its officers or directors, following disappointing financial results and a significant stock price drop [1][3]. Financial Performance - Caleres reported first-quarter 2025 sales of 614.2million,markinga6.8614.2 million, marking a 6.8% decline year-over-year, which was acknowledged by the CFO as below expectations [3]. - The company suspended its guidance for 2025 due to uncertainty in the market environment [3]. - Following the financial report, Caleres's stock price decreased by 3.00 per share, or 18.32%, closing at $13.38 per share on May 29, 2025 [3]. Legal Investigation - Pomerantz LLP is actively investigating claims on behalf of investors regarding potential securities fraud by Caleres [1]. - The firm has a long history in corporate and securities class litigation, having recovered significant damages for victims of securities fraud and corporate misconduct [4].