Brief: Caleres Reports First Quarter 2023 Results

Caleres

01/06/2023 11:48

June 1 (Reuters) - Caleres Inc  CAL.N :
    * CALERES REPORTS FIRST QUARTER 2023 RESULTS
    * ANNOUNCES STRATEGIC EXPENSE REDUCTION INITIATIVES
    * REITERATES FULL YEAR FISCAL 2023 ADJUSTED EARNINGS PER
SHARE
GUIDANCE
    * SEES Q2 CONSOLIDATED NET SALES DOWN 4 PERCENT TO 5 PERCENT
    * SEES Q2 DILUTED EARNINGS PER SHARE OF $0.79 TO $0.84
    * SEES Q2 ADJUSTED DILUTED EARNINGS PER SHARE OF $0.87 TO
$0.92
    * Q2 EARNINGS PER SHARE VIEW $1.18, REVENUE VIEW $745.5
MILLION --
REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $0.94, REVENUE VIEW $700.0
MILLION --
REFINITIV IBES DATA
    * STRATEGIC EXPENSE REDUCTION INITIATIVES EXPECTED TO RESULT
IN
$20 MILLION OF IN-YEAR SAVINGS

Source text for Eikon:  ID:nBwbC9758a 
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