Caleres forecasts FY23 earnings per share at $4.02-$4.22, factoring in $4 million restructuring costs, and eyes a 3-5 per cent drop in net sales.
It also adjusted its projected capital expenditures to $50m-$60 million, down from $55m-$65 million.
For Q3 FY23, the company anticipates a slight dip in net sales and an EPS between $1.25 and $1.35.