Caleres Inc. (NYSE:CAL) shares fell after the company posted second-quarter 2025 revenue of $658.5 million, down 3.6% from a year earlier but above estimates of $656.5 million.
Adjusted earnings were 35 cents per share, missing the 56-cent estimate. Net income was $6.7 million, or 20 cents per share, compared with $30.0 million, or 85 cents per share, a year earlier. Both figures included a 7-cent tax benefit.
Gross profit was $285.8 million, with margin falling 210 basis points to 43.4%. Selling, general, and administrative expenses were $269.7 million, or 41% of sales, up from 39.3% a year ago.
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