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
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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.
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