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Article Date: March 2019
Word Count: 442

Caleres Hit with $98 Million Impairment Charge


The net loss in Q4 was $75,452,000 compared to income of $20,316,000 for the 13 weeks ended Feb. 2 against a 14 week last year with sales improving 3% to $720,263,000 against $702,465,000 and the final quarter pushed the FY into the red with a loss of $5,441,000 against profit of $87,200,000 with a sales gain of 2% to $2,834,846,000 against $2,785,584,000. The impairment charge was against the Allen Edmonds division, and the results this year included other charges related to acquisitions and divestitures totaled $12.4 million. After missing the top and bottom line estimates, CAL shares dropped 7% in ... Log in to view full article.

 


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