Caleres gains on upbeat Q3 profit forecast

Caleres

31/08/2023 16:02

** Shares of U.S.-based footwear company Caleres Inc  CAL.N 
up 15% at $28.54
    ** Co sees Q3 adj. EPS of $1.30 to $1.35; ahead of analysts
expectations of $1.25 
    ** Co reiterates 2023 sales and adj EPS guidance; still sees
2023 adj. EPS of $4.10 to $4.30, above analysts' average est. of
$4.04 
    ** Co reports Q2 adj. profit of 98 cents per share, above
analysts' est. of 88 cents per share
    ** Including sessions move, CAL shares up ~30% YTD


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))