Caleres Shares Fall on Steep 2Q Earnings Decline, FY Guidance Suspension

Dow Jones
Sep 04

By Nicholas G. Miller

 

Shares of Caleres fell after the company reported lower second-quarter earnings and sales and continued to withhold its full-year guidance due to economic uncertainty.

The stock was down 11% to $13.25 and is down 43% so far this year.

The owner of Famous Footwear reported net income of $6.71 million, or 20 cents a share, down from $30 million, or 85 cents a share, in the prior-year period.

Sales fell 3.6% to $658.5 million, including a 4.9% decrease in Famous Footwear sales.

The company said it was facing headwinds due to market uncertainty and continued to withhold its annual guidance.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

September 04, 2025 10:40 ET (14:40 GMT)

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