Caleres Inc. (CAL) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Caleres Inc. reported revenue of $659.2 million for the quarter ended April 2024, a decrease of 0.5% year-over-year, and EPS of $0.88, down from $0.97 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $665.45 million, resulting in a surprise of -0.94%, while the EPS exceeded the consensus estimate of $0.86 by +2.33% [1] Revenue Performance - Net Sales for Famous Footwear were $349.55 million, slightly above the estimated $347.26 million, reflecting a year-over-year increase of +0.1% [3] - Net Sales for the Brand Portfolio were reported at $317.21 million, below the average estimate of $332.86 million, indicating a year-over-year decline of -2.6% [3] - Net Sales for Eliminations and Other were -$7.57 million, better than the estimated -$12.32 million, showing a significant year-over-year change of -36.6% [3] Profitability Metrics - Gross profit for the Brand Portfolio was $147.81 million, slightly below the estimated $148.19 million [3] - Gross profit for Famous Footwear was $161.01 million, exceeding the estimated $158.43 million [3] Stock Performance - Over the past month, shares of Caleres Inc. have returned +1.6%, compared to a +3.2% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]