Caleres Raises Outlook As CEO Says Its Fashion Brands Are ‘Resonating With Consumers’
Caleres (NYSE: CAL) stock jumps after Q2 earnings beat estimates and the footwear company raises its full-year earnings outlook.
Caleres sold more shoes than expected and feels confident enough to predict better full-year results. When a shoe company says customers love their brands and raises its outlook, that usually means their business is doing well—watch to see if they keep this momentum going.
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