AP NEWS

Caleres Inc.: Fiscal 1Q Earnings Snapshot

June 3, 2019

ST LOUIS (AP) _ Caleres Inc. (CAL) on Monday reported fiscal first-quarter net income of $9.1 million.

The St. Louis-based company said it had profit of 22 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 36 cents per share.

The footwear wholesaler and retailer posted revenue of $677.8 million in the period.

Caleres Inc. expects full-year earnings in the range of $2.35 to $2.45 per share, with revenue expected to be $3 billion.

Caleres Inc. shares have declined 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.40, a decline of 44% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAL at https://www.zacks.com/ap/CAL

All contents © copyright 2019 The Associated Press.All rights reserved.