Stuart Weitzman-Parent Caleres Stock Pops As E-Commerce Strength Drives Growth

• Caleres shares are powering higher. Why are CAL shares rallying?Earnings SnapshotAdjusted EPS loss was 36 cents, down from EPS of 33 cents, better than the consensus loss of 40 cents.Excluding Stuart Weitzman, the company reported adjusted loss per share of six cents.For the quarter, direct-to-consumer sales represented approximately 74% of total net sales.Gross profit was $290.3 million and gross margin was 41.8%, down 230  basis points Y/Y, while adjusted gross margin was 42.9%, down 10 basis points Y/ ...