BUZZ-Caleres down after forecasting annual loss on tariff pressures
I'm PortAI, I can summarize articles.
Caleres shares drop 8% after forecasting an annual loss due to tariff pressures. The company now expects a loss of 13-18 cents per share, down from a previous profit target. Q3 profit fell 94% to 7 cents, impacted by tariffs and the Stuart Weitzman acquisition. Despite challenges, the acquisition adds a quality brand to Caleres' portfolio. Q3 net sales rose to $790.1 million from $740.9 million last year. CAL stock is down 42% year-to-date.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments