Fri, May 27, 12:45 PM
Fri, May 27, 12:00 PM
Wed, Mar. 16, 9:54 AM
- Caleres (CAL -4.5%) trades lower after citing "uncertainty" as part of its outlook for the first half of the current fiscal year.
- The company's full-year guidance includes an expectation for revenue of $2.65B-$2.68B vs. $2.69B consensus and EPS of $2.00-$2.10 vs. $2.22 consensus.
- Caleres sees capex spending of ~$70M this year.
Tue, Mar. 15, 5:40 PM
Fri, Feb. 26, 11:59 AM
- Foot Locker (FL -4.3%) is lower to reverse an early post-earnings rally.
- The company said during its earnings call that sales were hurt during the last two weeks of January due to Winter Storm Jonas and delayed tax rebate checks.
- Sales were still up 5% during the quarter, with the running category delivering a mid-teen comp.
- Another key point from Foot Locker's call (noted by WSJ's Sara Germano) is the positive appraisal of basketball shoe demand. Foot Locker CEO called out the strong demand for the Jordan (Nike), Kyrie (Nike), and Stephen Curry (Under Armour) line of shoes in particular.
- Peers Finish Line (FINL -1.7%), Caleres (CAL -1%), and Shoe Carnival (SCVL -3.4%) are also lower on the day. Nike (NKE +0.4%) and Under Armour (UA +1.8%) are in positive territory.
- Previously: Foot Locker beats by $0.04, beats on revenue (Feb. 26 2016)
- Previously: Foot Locker up post Q4 results (Feb. 26 2016)
Nov. 25, 2015, 10:09 AM
- Caleres (CAL +6.4%) trades higher after the company bested Q3 profit estimates.
- Sales were essentially flat from the year-ago period, while gross margin and operating margin slipped just a bit.
- Caleres ended the quarter with an inventory position 4% below last year's level.
Nov. 20, 2015, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Oct. 23, 2015, 10:37 AM
- Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
- Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
- Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
- Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
May 27, 2015, 7:48 AM
- Brown Shoes (NYSE:BWS) reports revenue for Brand Portfolio grew 7.9% to $242.3M in Q1.
- Revenue for Famous Footwear declined 1.8% to $360M.
- Famous Footwear same-store sales were up 3.1%.
- Gross margin rate increased 30 bps to 41.3%.
- SG&A expense rate +20 bps to 36.3%.
- Operating margin rate +10 bps to 5%.
- Inventory -2.8% to $498.5M.
- FY2015 Guidance: Net sales: $2.61B to $2.63B; Famous Footwear same-store sales: up low-single digits; Famous Footwear sales: flat; Brand Portfolio sales: up mid-single digits; Gross margin rate: +15 bps; SG&A: less than or equal to 35.4% of sales; Net interest expense: ~$18M; Tax rate: 30% to 33%; Diluted EPS: $1.84 to $1.94; D&A: ~$53M; Capex: ~$75M.
Mar. 17, 2015, 11:31 AM
- Shoe stocks are higher after DSW impresses with its quarterly report and Foot Locker is tapped for more gains.
- The sector has outperformed broad retail this year buoyed by strong demand for athletic shoes.
- Previously: DSW +7% after impressive comp (Mar. 17 2015)
- Previously: Foot Locker investment seen as a safer Nike bet (Mar. 17 2015)
- Gainers: DSW +4.1%, Brown Shoe (NYSE:BWS) +3.1%, Steven Madden (NASDAQ:SHOO) +1.9%, Finish Line (NASDAQ:FINL) +1.1%, Foot Locker (NYSE:FL) +1.1%, Shoe Carnival (NASDAQ:SCVL) +1.1%.
Mar. 11, 2015, 7:52 AM
- Brown Shoes (NYSE:BWS) reports revenue for Famous Footwear was up 0.8% to $369.4M in Q4 and the Brand Portfolio showed a sales gain of 5.4% to $246M.
- Gross margin rate came in flat during the period at 40.2%.
- SG&A expense rate -90 bps to 37.6%.
- Operating earnings +24.7% to $12.7M.
- Previously: Brown Shoe beats by $0.04, misses on revenue
- BWS +4.44% premarket.
Nov. 25, 2014, 10:22 AM
- Shares of Brown Shoe (BWS +6%) pop after the company comfortably tops earnings estimates with its Q3 report.
- The company improved its operating margin by 90 bps Y/Y to 7.3% during the quarter as it lowered its SG&A expenses were held in check.
- Strong demand in canvas helped to boost results.
Aug. 22, 2013, 2:07 PM
Jun. 28, 2013, 3:25 PM
It's a pretty good day to be long shoe stocks after reports from Nike (NKE +2.4%) and Finish Line (FINL +4.2%) set the tone early and analysts jump on the bandwagon with positive comments on the sector: Advancers: Foot Locker (FL) +2.9%, Deckers Outdoor (DECK) +3.0%, Wolverine Worldwide (WWW) +2.2%, Crocs (CROX) +2.2%, Shoe Carnival (SCHL) +1.3%, Brown Shoe (BWS) +1.6%.| Jun. 28, 2013, 3:25 PM | 2 Comments
May 29, 2013, 1:23 PM
Brown Shoe Co. (BWS +12.1%) is a winner today after reporting Q1 earnings that beat estimates. From the report: Gross margin expands 160 basis points Y/Y and adjusted EPS rises 37.7%. Comps growth comes in at +1.1% for the period (+14.2% in April, after "uncooperative weather" dissipated). The company raises its FY13 EPS guidance to $1.22-1.29 versus consensus of $1.23. (PR)| May 29, 2013, 1:23 PM
May 29, 2013, 12:45 PM