Overview

* Caleres ( CAL ) Q2 sales fall 3.6% but beat analyst expectations, per LSEG data

* Adjusted EPS of $0.35 misses analyst estimates, per LSEG data

* Co completes acquisition of Stuart Weitzman, enhancing brand portfolio

Outlook

* Caleres ( CAL ) suspends annual guidance due to market uncertainty

Result Drivers

* TARIFF IMPACT - Brand Portfolio sales decreased 3.5%, with a $10 mln impact from tariffs

* DIRECT-TO-CONSUMER GROWTH - Growth in higher-margin direct-to-consumer channels partially offset gross margin decline

* STRUCTURAL COST SAVINGS - Achieved cost savings targets expected to generate annualized savings of $15 mln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $658.52 $656.50

mln mln (3

Analysts

)

Q2 Miss $0.35 $0.56 (3

Adjusted Analysts

EPS )

Q2 EPS $0.2

Q2 Net $7.06

Income mln

Q2 Basic $0.2

EPS

Q2 Gross $285.80

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

* Wall Street's median 12-month price target for Caleres Inc ( CAL ) is $19.50, about 23.3% above its September 3 closing price of $14.95

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)