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Caleres Inc. reports 4Q loss

ST LOUIS (AP) _ Caleres Inc. (CAL) on Thursday reported a fiscal fourth-quarter loss of $6.6 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 16 cents. Earnings, adjusted for costs related to mergers and acquisitions and asset impairment costs, were 33 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The footwear wholesaler and retailer posted revenue of $639.5 million in the period.

For the year, the company reported profit of $65.7 million, or $1.52 per share. Revenue was nearly unchanged at $2.58 billion.

Caleres Inc. expects full-year earnings in the range of $2.10 to $2.20 per share, with revenue in the range of $2.7 billion to $2.8 billion.

Caleres Inc. shares have dropped slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.72, a climb of 18 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAL at https://www.zacks.com/ap/CAL


Keywords: Caleres Inc., Earnings Report