Caleres (CAL) reported earnings on Thur 31 May 2018 (a/h)

** charts before earnings ** 

 

** charts after earnings **

Caleres misses by $0.04, misses on revs; reaffirms FY19 EPS in-line, reaffirms revs guidance, below consensus 

• Reports Q1 (Apr) earnings of $0.43 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of $0.47; revenues rose 0.1% year/year to $632.1 mln vs the $644.99 mln Capital IQ Consensus.
• Co reaffirms guidancefor FY19, sees EPS of $2.40-2.50 vs. $2.45 Capital IQ Consensus Estimate; sees FY19 revs of ~$2.8 bln vs. $2.81 bln Capital IQ Consensus Estimate
• "In the first quarter, we once again delivered improvement in gross margin, net earnings and earnings per share. Not surprisingly, the late start to spring delayed sales but -- as expected -- spring arrived and trends improved appreciably, with this momentum continuing into the second quarter," said Diane Sullivan, CEO, president and chairman of Caleres.