Caleres 1Q Profit Rises as Consumer Sentiment Sputters

Dow Jones

05/29

By Adriano Marchese

Caleres 1Q profit rose despite a challenging consumer environment where budgets remain tight.

The footwear company's chief executive, Jay Schmidt, said Thursday that its operating environment has become more challenging, which will require more effort to drive growth and profitability.

Schmidt said that the company will focus on controlling what it can control, such as optimizing sourcing strategy.

For the first quarter, net earnings came fell to $6.9 million, or 21 cents a share, compared with $30.9 million, or $0.88 a share, in the same quarter a year ago.

Adjusted earnings were 22 cents a share, missing forecasts for the period according to FactSet, where analysts were expecting 36 a share.

Sales fell 6.8% to $614.2 million, missing expectations of $622.1 million.

"February sales were particularly weak, and although trends improved in March and April, overall performance was below plan," Chief Executive Jay Schmidt said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 29, 2025 07:58 ET (11:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0031619046.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539925714","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539925714","pubTimestamp":1748519880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Caleres 1Q profit rose despite a challenging consumer environment where budgets remain tight.The  footwear company's chief executive, Jay Schmidt, said Thursday that its operating environment has become more challenging, which will require more effort to drive growth and profitability.Schmidt said that the company will focus on controlling what it can control, such as optimizing sourcing strategy.For the first quarter, net earnings came fell to $6.9 million, or 21 cents a share, compared with $30.9 million, or $0.88 a share, in the same quarter a year ago.Adjusted earnings were 22 cents a share, missing forecasts for the period according to FactSet, where analysts were expecting 36 a share.Sales fell 6.8% to $614.2 million, missing expectations of $622.1 million.\"February sales were particularly weak, and although trends improved in March and April, overall performance was below plan,\" Chief Executive Jay Schmidt said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4094":"服装零售","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","CAL":"Caleres鞋业","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC"},"translate_title":"由于消费者信心低迷，Caleres第一季度利润上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAL":0.9},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Caleres 1Q profit rose despite a challenging consumer environment where budgets remain tight. \n\n\n  The  footwear company's chief executive, Jay Schmidt, said Thursday that its operating environment has become more challenging, which will require more effort to drive growth and profitability. \n\n\n  Schmidt said that the company will focus on controlling what it can control, such as optimizing sourcing strategy. \n\n\n  For the first quarter, net earnings came fell to $6.9 million, or 21 cents a share, compared with $30.9 million, or $0.88 a share, in the same quarter a year ago. \n\n\n  Adjusted earnings were 22 cents a share, missing forecasts for the period according to FactSet, where analysts were expecting 36 a share. \n\n\n  Sales fell 6.8% to $614.2 million, missing expectations of $622.1 million. \n\n\n  \"February sales were particularly weak, and although trends improved in March and April, overall performance was below plan,\" Chief Executive Jay Schmidt said. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 29, 2025 07:58 ET (11:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}