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Caleres Shares Plummet 9% After Disappointing Q2 Earnings

9/5/2025

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Summary

Story summary

Caleres Inc. shares dropped over 9% in pre-market trading on September 4, 2025, following disappointing Q2 earnings.
Net earnings fell to $6.71 million from $29.96 million last year, with net sales declining 3.6% to $658.52 million.
Sales in the Famous Footwear segment decreased by 4.9%, while the Brand Portfolio saw a 3.5% drop.
CEO Jay Schmidt acknowledged market uncertainty but noted improvements in sales trends and market share.
The company completed a $120.2 million acquisition of Stuart Weitzman and suspended annual guidance due to economic concerns.

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Story summary

Caleres Inc. shares dropped over 9% in pre-market trading on September 4, 2025, following disappointing Q2 earnings.
Net earnings fell to $6.71 million from $29.96 million last year, with net sales declining 3.6% to $658.52 million.
Sales in the Famous Footwear segment decreased by 4.9%, while the Brand Portfolio saw a 3.5% drop.
CEO Jay Schmidt acknowledged market uncertainty but noted improvements in sales trends and market share.
The company completed a $120.2 million acquisition of Stuart Weitzman and suspended annual guidance due to economic concerns.