Caleres down after company warns of choppy Q4 earnings, names interim CFO

Caleres

22/01/2026 15:08

Updates

** Shares of U.S. footwear retailer Caleres CAL.N down ~2% at $13.79

** Caleres, whose Stuart Weitzman brand is sold at Saks Global stores, on Wednesday warned of potential Q4 earnings volatility linked to the bankruptcy of the high-end department store conglomerate

** Co says the bankruptcy could pose a risk of up to 6 cents per share to Q4 earnings forecast

** Co names Dan Karpel as interim chief financial officer as current CFO Jack Calandra to step down by month-end

** Telsey Advisory Group analyst Dana Telsey says CFO transition comes as a surprise, though we are somewhat encouraged by Karpel's extensive experience at CAL

** The departure comes at a difficult time for the company, as CAL attempts to integrate Stuart Weitzman amid a challenging macro environment, and now adding complexity from the announced Saks bankruptcy, the impact of which is still unknown on the company - Telsey

** In 2025, CAL fell about 47%

 (Reporting by Angela Christy M and Neil J Kanatt)