Caleres (NYSE:CAL) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$798.3m (up 1.8% from 3Q 2022).
- Net income: US$39.2m (down 32% from 3Q 2022).
- Profit margin: 4.9% (down from 7.3% in 3Q 2022). The decrease in margin was driven by higher expenses.
- EPS: US$1.09 (down from US$1.56 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Caleres Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 1.8% pa on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the US.
Performance of the American specialty retail industry.
The company’s share price is broadly unchanged from a week ago.
You still need to take note of risks, for example – Caleres has 2 warning signs we think you should be aware of.
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