Caleres slumps after profit miss, withheld guidance

5 days ago 1
Famous Footwear

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Caleres (NYSE:CAL) fell sharply in early action on Thursday after falling short of profit estimates with its second-quarter earnings report.

Revenue fell 3.6% year-over-year to $658.5 million. Famous Footwear segment sales decreased 4.9% during the quarter, with comparable sales down 3.4%. Brand Portfolio segment sales declined

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