Caleres down after company warns of choppy Q4 earnings, names interim CFO

Shares of U.S. footwear retailer Caleres CAL.N down ~2% at $13.79

Caleres, whose Stuart Weitzman brand is sold at Saks Global stores, on Wednesday warned of potential Q4 earnings volatility linked to the bankruptcy of the high-end department store conglomerate

Co says the bankruptcy could pose a risk of up to 6 cents per share to Q4 earnings forecast

Co names Dan Karpel as interim chief financial officer as current CFO Jack Calandra to step down by month-end

Telsey Advisory Group analyst Dana Telsey says CFO transition comes as a surprise, though we are somewhat encouraged by Karpel's extensive experience at CAL

The departure comes at a difficult time for the company, as CAL attempts to integrate Stuart Weitzman amid a challenging macro environment, and now adding complexity from the announced Saks bankruptcy, the impact of which is still unknown on the company - Telsey

In 2025, CAL fell about 47%