Caleres cuts FY2024 outlook; sees sales down 3-3.5%, adjusted EPS $3.20-$3.30

CALERES INC

Diluted EPS guided to $3.10-$3.20; adjusted $3.20-$3.30, down from prior guidance.
Consolidated net sales expected to decline 3.0%-3.5% due to softened holiday trends.
Famous Footwear sales weakened mid-December; weather closures cited as factor.
Company cancels presentation at ICR Conference 2025; CFO and SVP still attending meetings.

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