Caleres down after forecasting annual loss on tariff pressures

Shares of footwear retailer Caleres CAL.N fall about 8% to $12.37

Co reinstates annual forecasts after withdrawing them earlier this year

Now expects annual loss of 13 cents to 18 cents per share, compared with its earlier target of a profit of $2.80 to $3.20 apiece

Co reports first full quarter since buying footwear brand Stuart Weitzman from Tapestry in August

Q3 profit falls 94% to 7 cents vs a year ago, hurt by tariff pressures and earnings dilution from the Stuart Weitzman buyout

It could take some time before CAL repositions Stuart Weitzman for profitable growth, but the acquisition brings a quality brand name to the portfolio, notes Telsey Advisory Group

Reports Q3 net sales of $790.1 million vs $740.9 million last year

As of last close, CAL stock down ~42% YTD