Caleres down after forecasting annual loss on tariff pressures

Caleres

09/12/2025 17:18

** Shares of footwear retailer Caleres CAL.N fall about 8% to $12.37

** Co reinstates annual forecasts after withdrawing them earlier this year

** Now expects annual loss of 13 cents to 18 cents per share, compared with its earlier target of a profit of $2.80 to $3.20 apiece

** Co reports first full quarter since buying footwear brand Stuart Weitzman from Tapestry in August

** Q3 profit falls 94% to 7 cents vs a year ago, hurt by tariff pressures and earnings dilution from the Stuart Weitzman buyout

** It could take some time before CAL repositions Stuart Weitzman for profitable growth, but the acquisition brings a quality brand name to the portfolio, notes Telsey Advisory Group

** Reports Q3 net sales of $790.1 million vs $740.9 million last year

** As of last close, CAL stock down ~42% YTD

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))