World Footwear

Companies

Caleres lowers its outlook for the full year once again

Jan 17, 2025 United States
Caleres lowers its outlook for the full year once again
The US-based footwear company has announced a further cut in its full year sales and earnings outlook, after recording lower-than-expected sales in mid-December and January
“We entered the holiday period encouraged by the broad positive momentum in our athletic business at Famous Footwear. However, sales trends softened in mid-December and into January, and were below our expectations. Based on quarter-to-date trends, including the impact of weather-related closures at Famous Footwear, we now anticipate that full year sales and earnings will be below our most recent guidance”, Jay Schmidt, President and Chief Executive Officer, said.

As a result, Caleres now expects a decline in sales of between 3.0% and 3.5% in 2024, as compared to the previous guidance of a decline of between 2.5% and 3.0%. Diluted earnings per share are now expected to be in the range of 3.10 to 3.20 US dollars and adjusted diluted earnings per share in the range of 3.20 to 3.30 US dollars (previously: 3.45 to 3.55 US dollars).

“As we look ahead to 2025, we are focused on driving long-term value for our shareholders and executing on our strategic plan to return to growth by creating exceptional products and experiences for our consumers while rigorously managing our costs”, Schmidt concluded.


Image Credits: triadmfg.com

Related Events

  • May
    6
    May 6-May 8, 2025 | Raleigh, North Carolina, United States

    Techtextil North America and Texprocess Americas

  • May
    6
    May 6-May 8, 2025 | Atlanta, United States

    Texprocess Americas

  • May
    6
    May 6-May 6, 2025 | Pittsburgh, Pennsylvania, United States

    Global Supply Chain & Trade Conference

  • Jun
    2
    Jun 2-Jun 6, 2025 | New York, United States

    FFANY Market Week

Related Organizations

  • Brooklyn Shoe Space

    Brooklyn Shoe Space

    United States
  • Two Ten Footwear Foundation

    Two Ten Footwear Foundation

    United States
  • The Atlanta Shoe Market

    The Atlanta Shoe Market

    United States
  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States