Caleres issued a press release on May 29, 2025, reporting its financial results for the first quarter of 2025. Among other items, Caleres reported sales of only $614.2 million, representing a 6.8% year-over-year decline, which Caleres's Chief Financial Officer acknowledged "was below our expectations". The Company also suspended its guidance for 2025, citing "the uncertainty in the environment[.]"
Following this news, Caleres's stock price fell over 18% on the same day.
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