Caleres: Worsening Fundamentals Make It A Mess (Rating Downgrade)

2025-12-09 19:57:08 ET

December 9th was a really bad day for shareholders of Caleres ( CAL ). The company, famous for its ownership of the Famous Footwear brand, reported revenue and earnings covering the third quarter of its 2025 fiscal year. Although revenue came in above what analysts were expecting, adjusted earnings per share fell woefully short of expectations. In response, the stock plummeted, declining 11.4% in early afternoon trading. At first glance, the picture for the business may not seem so bad. However, when you dig deeper, things look awful right now....

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