CORRECTION: Caleres Reiterates FY23 Adj EPS Outlook Of $4.10 - $4.30 Vs. $4.17 Estimate, Cuts Revenue Outlook To $2.82B-$2.88B (Down From Prior $2.97B-$3.03B) Vs. $2.98B Estimate
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Caleres reiterates its FY23 adjusted EPS outlook of $4.10-$4.30, in line with the $4.17 estimate, but cuts its revenue outlook to $2.82B-$2.88B, down from the prior $2.97B-$3.03B and below the $2.98B estimate. Q2 adjusted EPS is expected to be $0.87-$0.92.
June 01, 2023 | 11:54 am
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Caleres maintains its FY23 EPS outlook but lowers its revenue forecast, potentially impacting its stock price.
Caleres has reiterated its FY23 EPS outlook, which is in line with estimates, but has cut its revenue outlook, which is now below estimates. This may lead to a negative impact on the stock price as investors may be concerned about the company's ability to meet revenue expectations.
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