ST LOUIS (AP) _ Caleres Inc. (CAL) on Thursday reported a fiscal first-quarter loss of $345.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the St. Louis-based company said it had a loss of $8.95. Losses, adjusted for asset impairment costs and non-recurring costs, came to $1.30 per share.
The footwear wholesaler and retailer posted revenue of $397.2 million in the period.
Caleres Inc. shares have dropped 60% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.49, a decrease of 52% in the last 12 months.