Shoe retailer Caleres slumps after Q2 profit miss

ReutersSep 4, 2025 1:00 PM

Shares of footwear retailer Caleres CAL.N fall 25% to $11.24 premarket

Q2 adjusted profit per share drops 59% to 35 cents, missing analysts' estimates of 56 cents, according to data compiled by LSEG

"We did experience headwinds due to market uncertainty" - CEO Jay Schmidt

Co continues to suspend annual forecast since Q1 earnings results in May

Expects continued gross margin pressure in its brand portfolio through the rest of the year due to tariffs

As of last close, CAL stock down ~35% YTD

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