Caleres Sees Momentum in Q3, but Takes Hit From Tariffs and Stuart Weitzman Earnings Dilution

Shares of Caleres Inc. fell over 18 percent in pre-market trading on Tuesday as the footwear company reported third-quarter earnings below analyst expectations. The St. Louis-based company said net sales in the third quarter of fiscal 2025 totaled $790.1 million, up 6.6 percent from $740.9 million the same time last year. Adjusted net earnings in the third quarter 2025 were $13.1 million, or 38 cents per diluted share, down from $42.6 million, or $1.23 per diluted share, in the third quarter of 2024. More ...