Caleres reported Q3 revenues of $761.9 million

Reflecting a 4.6% decline due to decreased sales in both its Famous Footwear and brand portfolio segments. Famous Footwear segment sales were down 6.7%, while brand portfolio segment sales dipped by 0.8%. Despite this, net earnings rose to $46.9 million. Caleres attributes this growth to strong operational and financial execution, with a 19% increase in adjusted earnings per share. However, soft consumer demand in the Famous Footwear segment led to an anticipated 4.5% to 5.5% decline in consolidated net sales. The full-year diluted earnings per share for fiscal 2023 are expected to range between $4.10 and $4.20.