Caleres Reiterates Full Year 2023 Outlook, Continues To Expect FY23 Adj. EPS $4.10-$4.20, Consolidated Net Sales Down 4.5-5.5%
Portfolio Pulse from Benzinga Newsdesk
Caleres has reaffirmed its full-year 2023 financial outlook, maintaining its adjusted earnings per share (EPS) forecast of $4.10 to $4.20. The company also continues to expect a decrease in consolidated net sales of 4.5% to 5.5% for the fiscal year.
January 08, 2024 | 9:20 pm
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Caleres has confirmed its adjusted EPS guidance for FY23 at $4.10-$4.20 and expects a decline in net sales by 4.5-5.5%.
Reiterating the financial outlook suggests stability in Caleres' expectations, which may reassure investors. However, the projected decline in net sales is already factored into the stock price, as there is no new information that would significantly alter market sentiment.
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IMPORTANCE 80
RELEVANCE 100