Caleres cuts full year earnings outlook on tariff impact

For the third quarter, Caleres reported sales of 792.4 million dollars, up 2.1 percent, while same-store-sales grew 2.5 percent at Famous Footwear, the eighth consecutive year of positive back-to-school same-store-sales growth. Earnings per diluted share of 69 cents, were up 3 percent, including 3 cents net impact from tariffs. The company said in a statement that full-year adjusted EPS guidance top-end narrowed by 5 cents to 2.35 dollars-2.40 dollars to reflect tariff impacts.