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Stock impact report

Caleres Reports Preliminary Fourth Quarter 2019 Net Sales Results

Caleres, Inc. (CAL) 
Last caleres, inc. earnings: 3/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.caleres.com
Company Research Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL, caleres.com), a diverse portfolio of global footwear brands, today reported preliminary fourth quarter 2019 net sales results. The company plans to release its fourth quarter and full year 2019 financial results and provide an initial 2020 outlook on Thursday, March 12, 2020, at 4:30 p.m. ET.Fourth Quarter 2019 Net Sales Estimates Versus Fourth Quarter 2018Consolidated net sales of approximately $700 million, down 3%.? Famous Footwear net sales of approximately $370 million, with same-store-sales up 5.1%.? Brand Portfolio net sales of approximately $346 million, down approximately 9%.“During the fourth quarter, we saw continued shifts in the underlying fashion footwear market. Our brands performed well in the direct to consumer channels, including Famous Footwear which had same-store-sales up 5.1% in the fourth quarter. However, holiday sales at a number of our retail partners were disappointing and our selling in the value channel h Show less Read more
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