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A third-quarter GAAP earnings-per-share range of $0.62 to $0.70 is in focus for Caleres (CAL), with the company forecasting full-year adjusted earnings per share between $1.50 and $1.65.
The guidance puts two reference points on the tape ahead of the next quarterly print.
The Q3 GAAP figure and the full-year adjusted target sit on different accounting bases, a distinction that matters when reading them in tandem. Both numbers carry the conditionality of forward guidance.
How the actual quarterly result lands relative to the $0.62 to $0.70 window is the first concrete check on whether the full-year adjusted range remains achievable. What to watch is the quarterly earnings release.
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