Caleres Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

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).
NYSE:CAL Earnings and Revenue Growth November 23rd 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.

Risk Analysis

You still need to take note of risks, for example – Caleres has 2 warning signs we think you should be aware of.

Valuation is complex, but we’re helping make it simple.

Find out whether Caleres is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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