Caleres Expects Q1 FY24 Net Sales To Be Flat - +1%; Adj EPS To Be In Line With Q1 FY23
Portfolio Pulse from Benzinga Newsdesk
Caleres projects its Q1 FY24 net sales to range from flat to a 1% increase compared to the previous year. The company also anticipates its adjusted EPS for Q1 FY24 to be consistent with the figures from Q1 FY23.

March 19, 2024 | 10:51 am
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Caleres expects Q1 FY24 net sales to be flat to +1% and adjusted EPS to align with Q1 FY23 figures.
The projection of flat to slightly positive sales growth and stable adjusted EPS suggests a steady performance without significant growth or decline. This stability is likely to result in a neutral short-term impact on Caleres' stock price, as investors may have anticipated such performance. The importance is rated at 75 due to the direct impact on investor expectations for the upcoming quarter, while the confidence level is at 90, reflecting the clear guidance provided by the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100