BUZZ-Shoe retailer Caleres slumps after Q2 profit miss
Reuters
Sep 04
BUZZ-Shoe retailer Caleres slumps after <a href="https://laohu8.com/S/QTWO">Q2</a> profit miss
** Shares of footwear retailer Caleres CAL.N fall 25% to $11.24 premarket
** Q2 adjusted profit per share drops 59% to 35 cents, missing analysts' estimates of 56 cents, according to data compiled by LSEG
** "We did experience headwinds due to market uncertainty" - CEO Jay Schmidt
** Co continues to suspend annual forecast since Q1 earnings results in May
** Expects continued gross margin pressure in its brand portfolio through the rest of the year due to tariffs
** As of last close, CAL stock down ~35% YTD
(Reporting by Sanskriti Shekhar)
((Sanskriti.Shekhar@thomsonreuters.com;))
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