BB&T Capital Upgrades Caleres (CAL) to Buy
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Caleres Reports First Quarter 2016 Results
May 26, 2016 4:15 PM EDTReduces inventory position by 2.1%
Maintains full-year earnings per share guidance
ST. LOUIS--(BUSINESS WIRE)-- Caleres (NYSE: CAL) (caleres.com), a diverse portfolio of global footwear brands which fit peoples lives, today reported first quarter 2016 financial results.
Consolidated Results
Net sales of $584.7 million, down 2.9% driven by a planned reduction in Brand Portfolio sales... More