Caleres Q4 Adj EPS $0.86 Beats $0.85 Estimate, Sales $697.12M Beat $694.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caleres Inc. (NYSE:CAL) reported Q4 adjusted EPS of $0.86, surpassing the $0.85 estimate, marking a 32.31% increase from last year's $0.65. Sales reached $697.12M, slightly above the $694.33M estimate, showing a 0.10% year-over-year growth.
March 19, 2024 | 10:49 am
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Caleres Inc. reported a positive earnings surprise with Q4 adjusted EPS of $0.86, beating estimates and showing significant year-over-year growth. Sales also slightly exceeded expectations.
The positive earnings and sales beat by Caleres Inc. suggests strong financial performance and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100