Shoe retailer Caleres slumps after Q2 profit miss

Caleres

04/09/2025 14:00

** Shares of footwear retailer Caleres CAL.N fall 25% to $11.24 premarket

** Q2 adjusted profit per share drops 59% to 35 cents, missing analysts' estimates of 56 cents, according to data compiled by LSEG

** "We did experience headwinds due to market uncertainty" - CEO Jay Schmidt

** Co continues to suspend annual forecast since Q1 earnings results in May

** Expects continued gross margin pressure in its brand portfolio through the rest of the year due to tariffs

** As of last close, CAL stock down ~35% YTD

 (Reporting by Sanskriti Shekhar)

 ((Sanskriti.Shekhar@thomsonreuters.com;))