Caleres Inc. Q1 Profit Drops 8%

(RTTNews) - Caleres Inc. (CAL) released earnings for first quarter that dropped compared to the same period last year.

The company said its earnings declined to $17.88 million, or $0.41 per share. This was down from $19.39 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $584.73 million. This was down from $602.28 million last year.

Caleres Inc. earnings at a glance:

-Earnings (Q1): $17.88 Mln. vs. $19.39 Mln. last year. -Earnings Decline (Y-o-Y): -7.8% -EPS (Q1): $0.41 vs. $0.44 last year. -EPS Decline (Y-o-Y): -6.8% -Analysts Estimate: $0.43 -Revenue (Q1): $584.73 Mln vs. $602.28 Mln last year. -Revenue Change (Y-o-Y): -2.9%

-Guidance: Full year EPS guidance: $2.00 to $2.10 Full year revenue guidance: $2.60 to $2.63 Bln