Caleres Q1 EPS $0.21 vs $0.88 YoY; sales down 6.8%; suspends guidance

CALERES INC

2025-Q1 EPS reported $0.21 revenue$614,221,000

Net sales $614.2M, down 6.8% YoY; Famous Footwear comps down 4.6%.
Reported EPS $0.21; adjusted EPS $0.22, well below last year's $0.88.
Gross margin 45.4%, down 150 bps; inventory up 8.1% vs Q1 2024.
Announces $15M annualized SG&A cost cuts; expects $7.5M savings in fiscal 2025.
Suspends fiscal 2025 guidance citing market uncertainty; targeting China sourcing under 10% in H2.

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