** charts before earnings **
** charts after earnings **
Caleres misses by $0.07, beats on revs; lowers FY19 EPS, raises revenue guidance
- Reports Q3 (Oct) earnings of $0.81 per share, including $0.02 of dilution from Vionic acquisition, $0.07 worse than the S&P Capital IQ Consensus of $0.88; revenues rose 0.2% year/year to $776 mln vs the $765 mln S&P Capital IQ Consensus. Famous Footwear same-store-sales were up 2.8%. Total sales of $448.8 million were down 5.1% as expected, as one week of back-to-school sales shifted into the second quarter of this year versus the third quarter of last year. Brand Portfolio sales of $327.1 million were up 8.5%, including Vionic. Gross margin -60 bps to 40.3%.
- Co issues guidance for FY19, sees EPS of $2.25-2.35, including $0.05 of Vionic dilution/expense, vs. $2.46 S&P Capital IQ Consensus; raises FY19 revs to $2.85 bln from $2.80 bln vs. $2.8 bln S&P Capital IQ Consensus; reaffirms Famous Footwear comps up low-single digits; Brand Portfolio up high single digits.
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