However, guidance has now been withdrawn, margins have continued to deteriorate, and the company plans to increase debt to acquire Stuart Weitzman. I continue to believe Caleres is a Hold despite ...

As a result, the amount of debt increased to $220 million from $190 million in the last year. The latest acquisition of Stuart Weitzman will further cost $105 million, increasing debt by 50%.

At Stuart Weitzman, revenue fell 18% to $46 million in the third quarter. Tapestry agreed in February to sell the brand to Caleres in a $105 million cash deal, which is expected to close this summer.

Forward-Looking Guidance During the earnings call, Caleres reported a 6.8% year-over-year decline in sales to $614.2 million, with adjusted earnings per share at $0.22. Despite financial pressures ...

Caleres Inc. (NYSE: CAL), the Clayton-based footwear retailer and wholesaler, said Thursday it is planning $15 million in cost cuts after reporting a drop in quarterly sales and profit.

The FTC is the last regulator yet to approve the transaction. About Tapestry, Inc. Our global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman.

Stuart Weitzman, which is an unprofitable brand, will require significant investment, which is likely to also pressure margins. Overall, CAL ranks 12th on our list of underperforming stocks ...