Caleres Q2 Adj EPS $0.98 Beats $0.88 Estimate, Sales $695.53M Miss $704.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caleres (NYSE:CAL) reported Q2 adjusted earnings of $0.98 per share, beating the analyst consensus estimate of $0.88 by 11.36%. However, this is a 28.99% decrease from the same period last year. The company's quarterly sales were $695.53 million, missing the analyst consensus estimate of $704.85 million by 1.32%, and marking a 5.80% decrease from the same period last year.
August 31, 2023 | 10:46 am
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Caleres' Q2 earnings beat estimates but sales missed and are down YoY. This mixed report may lead to uncertainty in the market.
Caleres' earnings beat estimates, which is a positive signal. However, the missed sales estimates and YoY decrease could be a concern for investors, potentially leading to a neutral or mixed market reaction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100