Caleres, Inc. delivered second-quarter earnings ahead of expectations and reiterated its guidance for the year. Sales in the quarter were down 5.2 percent at Famous Footwear and 7.2 percent at its Branded Portfolio segment but both showed improving trends sequentially versus the first quarter.
Adjusted EPS of 98 cents topped guidance in the range of 87 cents to 92 cents. Sales were down 5.8 percent, below guidance calling for a decline in the range of 4 percent to 5 percent.
