Caleres Cuts FY24 Net Sales Outlook To Down Low-Single-Digits Percent Vs. Previous Guidance Of Flat To Up 2%
Portfolio Pulse from Benzinga Newsdesk
Caleres has revised its fiscal year 2024 net sales outlook to a decrease in the low-single-digits percentage, compared to its previous guidance of flat to a 2% increase.
September 12, 2024 | 10:48 am
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Caleres has adjusted its FY24 net sales outlook to a decline in the low-single-digits, from a previous forecast of flat to 2% growth. This revision may indicate challenges in sales performance.
The downward revision in sales outlook suggests potential difficulties in achieving previous sales targets, which could negatively impact investor sentiment and the stock price in the short term.
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