Home Street Fashion US firm Caleres projects downturn in FY23 sales with steady EPS

US firm Caleres projects downturn in FY23 sales with steady EPS

72

American footwear firm Caleres expects a 4.5 to 5.5 per cent decrease in consolidated net sales for fiscal 2023, including the effect of an extra week in the fiscal calendar.
Despite this, the company forecasts stable earnings, projecting diluted earnings per share between $3.96 and $4.06, and adjusted diluted earnings per share between $4.10 and $4.20.American footwear firm Caleres expects a 4.5 to 5.5 per cent decrease in consolidated net sales for fiscal 2023, including the effect of an extra week in the fiscal calendar.
Despite this, the company forecasts stable earnings, projecting diluted earnings per share between $3.96 and $4.06, and adjusted diluted earnings per share between $4.10 and $4.20.