Caleres Q1 EPS $0.97 Beats $0.93 Estimate, Sales $662.73M Miss $699.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caleres reported Q1 earnings of $0.97 per share, beating the $0.93 estimate, but sales of $662.73M missed the $699.98M estimate. This represents a 26.52% decrease in earnings and a 9.85% decrease in sales compared to the same period last year.
June 01, 2023 | 10:47 am
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NEUTRAL IMPACT
Caleres' Q1 earnings beat estimates, but sales missed, resulting in a mixed performance. Earnings and sales both decreased compared to last year.
Caleres' Q1 earnings beat analyst estimates, which could have a positive impact on the stock. However, the missed sales estimate and the decrease in both earnings and sales compared to last year could offset any potential gains, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100