earnings
confidence high
sentiment neutral
materiality 0.55
Caleres reaffirms FY2023 adjusted EPS $4.10-$4.20; sales down 4.5-5.5% YoY
CALERES INC
- Adjusted diluted EPS guidance maintained at $4.10-$4.20 for fiscal 2023.
- GAAP diluted EPS expected $3.96-$4.06; consolidated net sales to decline 4.5%-5.5% vs FY2022.
- CEO notes this would mark third consecutive year with EPS above $4.00 baseline.
- Reaffirmation comes amid challenging demand environment; prior outlook unchanged.