Benzinga's Edge rankings show Caleres' value score rising to 62.08 from 27.39, with momentum 80.98 and quality 65.50. Lands' End also posts a strong value reading, underscoring a broader shift toward price-conscious retail brands. If inflation remains sticky, CAL's diversified footwear and accessory lines could benefit from stronger value-driven demand in the near term.
Caleres reported better-than-expected earnings with an adjusted EPS loss of 36 cents compared to the consensus estimate of 40 cents. The company's robust e-commerce sales and market share gains in women's footwear contribute to an optimistic outlook, forecasting adjusted EPS for FY26 at $1.35-$1.65.
Caleres acquires Stuart Weitzman from Tapestry for $105 million. Tapestry retains Coach and Kate Spade brands, focusing on long-term success. Recent merger block by FTC highlights shifting competitive landscape in retail. Tapestry's stock showed strong performance despite regulatory setbacks. Jefferies labels Tapestry as a top pick for 2025 with rising web traffic.
Caleres reported Q3 revenues of $740.9 million, missing expectations. Famous Footwear sales dropped 4.8% Y/Y; brand portfolio sales rose 0.7%. Adjusted EPS of $1.23 fell short of the $1.35 consensus. Company lowered FY24 guidance; expects 2.5%-3% decline in net sales. CAL shares down 18.50% after disappointing earnings results.