Footwear retailer Caleres' Q2 sales beat estimates

Caleres

04/09/2025 11:56

Overview

Caleres Q2 sales fall 3.6% but beat analyst expectations, per LSEG data

Adjusted EPS of $0.35 misses analyst estimates, per LSEG data

Co completes acquisition of Stuart Weitzman, enhancing brand portfolio

Outlook

Caleres suspends annual guidance due to market uncertainty

Result Drivers

TARIFF IMPACT - Brand Portfolio sales decreased 3.5%, with a $10 mln impact from tariffs

DIRECT-TO-CONSUMER GROWTH - Growth in higher-margin direct-to-consumer channels partially offset gross margin decline

STRUCTURAL COST SAVINGS - Achieved cost savings targets expected to generate annualized savings of $15 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$658.52 mln
$656.50 mln (3 Analysts)
Q2 Adjusted EPS
Miss
$0.35
$0.56 (3 Analysts)
Q2 EPS
$0.2
Q2 Net Income
$7.06 mln
Q2 Basic EPS
$0.2
Q2 Gross Profit
$285.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

Wall Street's median 12-month price target for Caleres Inc is $19.50, about 23.3% above its September 3 closing price of $14.95

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw94vyDQa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)