Caleres Inc. (CAL) Beats Q1 Earnings Estimates

分组1 - Caleres Inc. reported quarterly earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, but down from $0.97 per share a year ago, representing an earnings surprise of 2.33% [1] - The company posted revenues of $659.2 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 0.94%, and down from $662.73 million year-over-year [2] - Caleres Inc. shares have increased approximately 19.4% since the beginning of the year, outperforming the S&P 500's gain of 10.4% [3] 分组2 - The earnings outlook for Caleres Inc. is mixed, with the current consensus EPS estimate for the coming quarter at $1.27 on revenues of $711.35 million, and $4.40 on revenues of $2.84 billion for the current fiscal year [7] - The Zacks Industry Rank for Shoes and Retail Apparel is currently in the top 15% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]