Caleres: Margins Are Returning To The Mean As Warned, Still A Hold [Seeking Alpha]
Caleres, Inc. (CAL)
Last caleres, inc. earnings: 3/12 04:10 pm
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US:NYSE Investor Relations:
investor.caleres.com
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Source: Seeking Alpha
1.38K Follower s Follow Play 5min Summary Caleres, Inc.'s Q3 2024 results showed revenue growth in the retail and wholesale sectors, but missed consensus and lowered guidance, causing a 20% stock drop. Margins remain resilient but are deteriorating, with further declines expected in Q4 due to increased promotions to clear inventories. Guidance was reduced for the second time, with EPS now at $3.5, reflecting lower sales growth and higher discounting pressures. Despite CAL stock's decline, I maintain a Hold rating, awaiting more attractive levels, potentially below $20, for a compelling investment opportunity. Martin Poole Caleres, Inc. NYSE: CAL ) presented its Q3 2024 results , which were not bad, with revenues growing on a comparable basis in both the retail and the wholesale branded sector, and operating margins sustained well despite lower absolute This article was written by Quipus Capital 1.38K Follower s Follow Long-only investment, evaluating com
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CAL
News
- Q3 Earnings Outperformers: Caleres (NYSE:CAL) And The Rest Of The Footwear Stocks [Yahoo! Finance]Yahoo! Finance
- Caleres Declares Regular Quarterly DividendBusiness Wire
- Caleres' Q3 Earnings & Revenues Miss Estimates, FY24 View Down [Yahoo! Finance]Yahoo! Finance
- Caleres, Inc. (NYSE: CAL) had its price target lowered by analysts at Loop Capital from $30.00 to $25.00. They now have a "hold" rating on the stock.MarketBeat
- Caleres Inc (CAL) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
CAL
Earnings
- 12/5/24 - Miss
CAL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/5/24 - Form 8-K
- 11/18/24 - Form 3
- CAL's page on the SEC website