Caleres Cuts FY24 EPS Outlook From $4.30 - $4.60 To $3.94 - $4.09 And Provides Guidance For Adjusted EPS Of $4.00 - $4.15 (Est $4.42)
Portfolio Pulse from Benzinga Newsdesk
Caleres has revised its FY24 EPS outlook downward from $4.30-$4.60 to $3.94-$4.09, with adjusted EPS guidance set at $4.00-$4.15, below the estimated $4.42. The adjusted EPS excludes $3 million in restructuring costs expected in Q3.
September 12, 2024 | 10:50 am
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Caleres has reduced its FY24 EPS outlook and provided adjusted EPS guidance below market estimates, indicating potential financial challenges.
The downward revision of EPS outlook and lower-than-expected adjusted EPS guidance suggest potential financial difficulties, likely leading to negative investor sentiment and a short-term decline in stock price.
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