Caleres revised financial outlook down, Five Below had dip, Genesco and Abercrombie & Fitch did well.

From Zacks Investment Research: 2025-01-14 16:08:09

During the holiday season, Caleres Inc. faced challenges leading to a revision of its financial outlook for 2024 due to softer-than-expected sales. The company anticipates a 3% to 3.5% decline in net sales with adjusted earnings between $3.20 and $3.30 per share. Meanwhile, Five Below reported net sales of $1.19 billion during the holiday period, with a 3.2% dip in comparable sales. Genesco saw a 10% increase in comparable sales, with Journeys Group leading the way. Abercrombie & Fitch revised its net sales outlook, expecting fourth-quarter growth between 7% and 8% and a full-year growth of approximately 15%.



Read more at Zacks Investment Research: Caleres Faces Setbacks: How Did FIVE, GCO & ANF Perform This Holiday? – January 14, 2025