Caleres: Margins Are Returning To The Mean As Warned, Still A Hold
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Caleres, Inc. reported Q3 2024 results with revenue growth but missed consensus expectations and lowered guidance, leading to a 20% stock drop. Margins are deteriorating, and further declines are expected in Q4 due to increased promotions.
December 05, 2024 | 9:45 pm
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Caleres, Inc. reported Q3 2024 results with revenue growth but missed consensus expectations and lowered guidance, leading to a 20% stock drop. Margins are deteriorating, and further declines are expected in Q4 due to increased promotions.
Caleres' Q3 2024 results missed consensus expectations, leading to a significant stock drop. The company also lowered its guidance for the second time, indicating challenges in maintaining margins due to increased promotions. This suggests a negative short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100