Caleres Reiterates FY23 Adjusted EPS Outlook Of $4.10-$4.30 (Est. $4.13) And Consolidated Net Sales To Be Down 3-5%
Portfolio Pulse from Benzinga Newsdesk
Caleres has reiterated its FY23 adjusted EPS outlook of $4.10-$4.30, which is in line with the estimated $4.13. However, it expects its consolidated net sales to be down by 3-5%.
August 31, 2023 | 10:49 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Caleres has maintained its FY23 adjusted EPS outlook, which aligns with the estimates. However, it anticipates a decrease in consolidated net sales by 3-5%.
Caleres' reiteration of its FY23 EPS outlook, which is in line with estimates, is a positive sign. However, the expected decrease in consolidated net sales could negatively impact the company's stock price. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100