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Famous Footwear, Caleres
Here’s How Last-Minute Shoppers Impacted Famous Footwear’s Back-to-School Sales in Q2
According to Jay Schmidt, president and chief executive officer of Caleres, the delay in sales for back-to-school shifted late into Q2 and into the start of Q3 due to changing consumer shopping habits.
Famous Footwear Parent Caleres Stock Plunges on Soft Sales
Key Takeaways Caleres, the parent of discount shoe retailer Famous Footwear, said weak demand, a later back-to-school period, and challenges with its resource planning system hurt second-quarter results.
Famous Footwear Parent is Latest Footwear Retailer to Lower 2024 Guidance
Famous Footwear parent company Caleres, Inc. became the latest retailer to lower its fiscal full-year guidance after reporting second-quarter fiscal 2024 sales and earnings. The company reported sales of $683.3 million, down 1.8 percent year-over-year (y/y). Direct-to-consumer sales represented approximately 75 percent of total net sales.
Why Caleres Stock Plunged Today
Shares of Caleres ( CAL -18.20%), the parent of Famous Footwear and other footwear brands, were tumbling today after the company posted disappointing results in its second-quarter earnings report. As of 11:34 a.m. ET, the stock was down 19.1% on the news.
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3d
Caleres' Q2 Earnings Miss, Famous Footwear Unit's Comps Decline 2.9%
CAL posts sales and earnings miss in the second quarter of fiscal 2024. The Famous Footwear segment witnesses a higher market ...
3d
Clayton-based Caleres sees lower sales, says local jobs will be ‘impacted’ by restructuring
Shares of the company opened at $29.89, almost 20% lower than when stocks closed on Wednesday. Caleres operates brands such ...
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2d
Will Boots Boost Fall Biz? Here's What Caleres, Genesco and Designer Brands Expect
Over the last few years, some brands and retailers have reported a stagnation in the boot category. This season, certain ...
2d
After The Q2 2024 Stock Price Fall, Caleres Trades More Reasonably, But Is Not An Opportunity
Caleres' 2Q24 results were disappointing because it had guided for a positive revenue year. Click here to see why CAL stock ...
3d
on MSN
Footwear Company Caleres Faces Tough Q2 With Lowered FY24 Forecast As Back-To-School Sales Lag
Caleres reported weaker-than-expected Q2 results, with sales down due to operational challenges and weak demand. FY24 outlook lowered.
2d
Caleres (CAL) Gets a Hold from Loop Capital Markets
Loop Capital Markets analyst Laura Champine reiterated a Hold rating on Caleres (CAL – Research Report) today and set a price target of ...
3d
on MSN
Caleres slumps after late back-to-school season arrival impacts results
Caleres (CAL) shares drop 14% premarket after reporting Q2 sales below expectations due to weak seasonal demand and ...
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