Caleres Affirms Guidance
The Famous Footwear parent’s Holiday sales were on track with its expectations, newly appointed CEO Jay Schmidt reported in a fireside chat at the ICR Conference, with both retail and brand sales holding up despite an increased level of promotions in the marketplace. Athletic footwear sales powered Famous sales during the season, helped by much better in-stock positions and styles compared to 2021. CAL re-affirmed its full-year guidance for a 4% to 6% increase in revenues and earnings per share between $4.23 and $4.33, both all-time records for the company. Total ... Log in to view full article.