Caleres Plunges 10.07% on Disappointing Q1 Earnings

On May 29, 2025, Caleres experienced a significant drop of 10.07% in pre-market trading, reflecting a challenging start to the day for the footwear company.

Caleres reported its first-quarter 2025 results, revealing sales of $614.2 million, a 6.8% year-on-year decrease, falling short of market expectations. The decline was driven by a 6.3% drop in Famous Footwear sales, with comparable sales down 4.6%.

Analysts had anticipated Caleres's revenue to decline by 5.6% year on year to $622 million, but the actual results fell short of these projections. The company's earnings per share (EPS) also missed analysts' expectations significantly, indicating a slower quarter for Caleres.

Despite the disappointing results, Caleres had a return on equity of 22.71% and a net margin of 5.69%, showcasing some financial resilience amidst the challenges. The company's performance in the footwear segment was also influenced by the broader market sentiment, with some peers reporting flat or slightly positive revenue growth.