Why Is Footwear Company Caleres Stock Falling After Q1 Results?
Why Is Footwear Company Caleres Stock Falling After Q1 Results?
Caleres, Inc. (NYSE:CAL) shares are trading lower on Thursday after the company reported first-quarter results.
Caleres, Inc. (紐交所:CAL)股票週四下跌,該公司公佈第一季度業績報告後如此。
Quarterly earnings per share totaled 88 cents, missing the street view of 91 cents. Caleres reported first-quarter revenues of $659.198 million, missing the analyst consensus of $665.45 million.
每股季度收益爲88美分,低於分析師預期的91美分。Caleres第一季度營收爲6.59198億美元,低於分析師共識的6.6545億美元。
Caleres' inventory in the quarter under review was down 5.2% year over year, due to strategic inventory management – primarily in the Brand Portfolio segment.
由於品牌組合部分的戰略庫存管理,Caleres在本季度審查的存貨同比下降了5.2%。
Net sales were down 0.5% year over year. Operating earnings in the first quarter stood at $42.758 million, lower than $49.587 million in the year-ago period.
淨銷售同比下降0.5%。第一季度運營收益爲4,275.8萬美元,低於去年同期的4,958.7萬美元。
Famous Footwear segment net sales increased by 0.1% in the quarter, while the Brand Portfolio segment net sales declined by 2.6%.
著名的Footwear業務在本季度淨銷售略有增長,而品牌組合業務淨銷售下降了2.6%。
Gross profit was $309.1 million, while gross margin was 46.9%, up 120 basis points year over year.
毛利潤爲3.091億美元,毛利率爲46.9%,同比增長120個點子。
Caleres exited the quarter with cash and equivalents worth $30.709 million.
Caleres在本季度結束時擁有3070.9萬美元的現金及等價物。
In the near term, the company expects to continue to focus on reducing debt and still expects borrowings under its asset-based revolving credit facility will be less than $100 million by 2026.
在短期內,該公司預計將繼續專注於減少債務,並仍然預計其基於資產的循環信貸額度在2026年前將低於1億美元。
Outlook: Caleres still expects consolidated net sales to be flat to up 2% in fiscal year 2024.
展望:Caleres仍然預計2024財年的綜合銷售額將持平至增長2%。
The company expects earnings per share of $4.30 to $4.60 versus the $4.60 estimate.
該公司預計每股收益爲4.30美元至4.60美元,而不是估計的4.60美元。
For the second quarter, Caleres sees consolidated net sales to be up 3% to 4%. The company sees earnings per share of $1.20 to $1.25 against the consensus of $1.22.
對於第二季度,Caleres預計綜合淨銷售額將增長3%至4%。該公司預計每股收益爲1.20美元至1.25美元,而不是共識的1.22美元。
Price Action: CAL shares are trading lower by 4.72% at $34.96 at last check Thursday.
股票CAL在週四最後一次交易時以34.96美元下跌了4.72%。