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Caleres Inc. beats 3Q profit forecasts

November 23, 2016

ST. LOUIS (AP) — Caleres Inc. (CAL) on Tuesday reported fiscal third-quarter earnings of $34.7 million.

The St. Louis-based company said it had profit of 81 cents per share. That compares with the average analyst estimate of 80 cents, according to a survey by FactSet.

The footwear wholesaler and retailer posted revenue of $732.2 million in the period.

Caleres Inc. expects full-year earnings in the range of $2 to $2.10 per share, with revenue in the range of $2.57 billion to $2.6 billion.

Caleres Inc. shares have climbed 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.45, a decrease of nearly 2 percent in the last 12 months.


Elements of this story were 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


Keywords: Caleres Inc., Earnings Report

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