Caleres Expects Q3 Sales To Be Flat To Down 2%, Adj EPS To Be $1.30 - $1.40 (Est $1.50)
Portfolio Pulse from Benzinga Newsdesk
Caleres has announced its expectations for Q3 sales to be flat to down 2%, with adjusted EPS projected between $1.30 and $1.40, below the estimated $1.50.
September 12, 2024 | 10:52 am
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Caleres has provided guidance for Q3 sales to be flat to down 2%, and adjusted EPS to range from $1.30 to $1.40, which is below the market estimate of $1.50. This indicates potential challenges in meeting market expectations.
The guidance provided by Caleres suggests that the company is facing challenges in achieving its sales and earnings targets. The adjusted EPS is projected to be below the market estimate, which could lead to negative sentiment among investors and potential short-term pressure on the stock price.
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