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In recent transactions reported to the Securities and Exchange Commission, John W. Schmidt, President and CEO of Caleres Inc. (NYSE:CAL), purchased 7,600 shares of the company’s common stock. The transactions were executed on June 6, 2025, with a weighted average price of $13.3919 per share, totaling approximately $101,778.
The shares were acquired in multiple transactions at prices ranging from $13.35 to $13.43. Following this purchase, Schmidt holds 453,480 shares directly. Additionally, he has indirect ownership of 2,500 shares through his spouse and 5,940 shares via a 401(k) plan.
In other recent news, Caleres reported its first-quarter 2025 earnings, revealing a notable earnings miss with earnings per share (EPS) at $0.22, falling short of the anticipated $0.37. The company’s revenue was $614.2 million, slightly below the expected $622.92 million, marking a 6.8% decline year-over-year. Due to tariff uncertainties impacting their sourcing strategy, Caleres has suspended its full-year guidance. KeyBanc Capital Markets maintained a Sector Weight rating on Caleres, noting the challenges faced in the first quarter, including higher-than-expected tariffs. Despite these challenges, Caleres observed positive trends in their Lead Brands, such as Famous Footwear and Allen Edmonds, and is set to finalize the addition of Stuart Weitzman to its brand portfolio in the summer of 2025. The company is optimistic about the growth potential in international markets and brand launches, despite the difficult retail environment. Caleres plans to optimize its sourcing strategy and implement selective price increases to manage costs. The company is also focused on cost management and has announced a structural expense reduction initiative expected to save $15 million annually.
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