Caleres narrows FY16 EPS view to $2.00-$2.10 from $2.00-$2.16, consensus $2.02
Backs FY16 revenue view $2.57B-$2.6B, consensus $2.57B. Sees FY16 Famous Footwear SSS flat to up low-single digits. Sees FY16 Brand Portfolio sales flat to down low-single digits. Backs FY16 CapEx about $70M. "Despite a somewhat choppy environment, our third quarter performance - with improvement in sales, margins, earnings, and cash from operations - further confirms our portfolio strategy is working as intended and delivering shareholder value," said Diane Sullivan, CEO, president and chairman of Caleres. "By diversifying across platforms, brands, channels and products, we have been able to drive toward our long-term goal of consistent, profitable and sustainable growth, while minimizing our exposure to potential variability in the marketplace."