Caleres Reports Lower Q4 Sales, Cautious Outlook For 2025 Amid Inflation And Tariffs

Caleres, Inc. (NYSE:CAL) shares are trading higher after the company reported fourth-quarter results.

Revenues fell 8.3% year over year to $639.2 million, missing the analyst consensus of $653.86 million.

Famous Footwear sales fell 9.6% Y/Y, with comparable store sales down 2.9%. Brand Portfolio sales decreased 7.2% in the quarter.

“Famous Footwear’s business softened in the quarter, but we maximized key selling periods. We invested to support our long-term growth while continuing to evolve our supply chain and further mitigate the impact of additional tariffs,” said Jay Schmidt, president and chief executive officer.

The company’s gross margin rate contracted 80 basis ...