Company Overview - June Ambrose collaborates with Naturalizer as the global ambassador and guest creative director, launching a new footwear collection called STYLE-LETICS [1][2] - Naturalizer has a nearly 100-year history in women's footwear, focusing on comfort and fit, which is central to this collaboration [1][8] - Caleres, the parent company of Naturalizer, emphasizes building brands with cultural authority and evolving their legacy [1][9] Product Details - The STYLE-LETICS collection merges fashion aesthetics with athletic codes, designed for the demands of modern women's daily lives [2][3] - The first drop on February 4 includes two styles: the Nova-Shaft, a sandal-boot hybrid, and the Zyra, a ghillie pump with sneaker-inspired features [1][5] - The full collection, launching in March, will consist of five styles, including two sneakers and three hybrid dress shoes, utilizing premium materials and performance features [3][5] Design Philosophy - Ambrose's design philosophy centers on the idea that performance and style can collaborate rather than compete, creating footwear that is both functional and stylish [3] - The collection incorporates unexpected luxury finishes and materials, aiming to provide shoes that keep up with women's active lifestyles [3][4] Marketing Strategy - The campaign for STYLE-LETICS features Ambrose in motion, showcasing the shoes' ability to support an active lifestyle without sacrificing style [4] - The collection will be available on Naturalizer's website and at major retailers like Macy's and Nordstrom, expanding its reach [5]

Group 1 - Caleres, Inc. (CAL) is a footwear company with a Zacks Consensus Estimate for its current year earnings revised 66.7% downward over the last 60 days [1] - HighPeak Energy, Inc. (HPK) is an oil and gas exploration and production company with a Zacks Consensus Estimate for its current year earnings revised 6.5% downward over the last 60 days [1] - Navient Corporation (NAVI) is an education technology and financial services company with a Zacks Consensus Estimate for its current year earnings revised 6.7% downward over the last 60 days [2]

Group 1 - Caleres, Inc. (CAL) is a footwear company with a Zacks Consensus Estimate for its current year earnings revised 66.7% downward over the last 60 days [1] - Equitable Holdings, Inc. (EQH) is a diversified financial services company with a Zacks Consensus Estimate for its current year earnings revised 1.2% downward over the last 60 days [1] - Dingdong (Cayman) Limited (DDL) is a Chinese online retail company with a Zacks Consensus Estimate for its current year earnings revised 34.8% downward over the last 60 days [2]

Core Insights - The article discusses the evolving role of artificial intelligence (AI) in the workplace, emphasizing a shift towards helping employees adapt to technology rather than replacing them with AI [1] Group 1: Leadership Perspectives on AI - Jamie Dimon, CEO of JPMorgan Chase, advocates for caution regarding AI's impact on jobs, predicting a reduction in workforce over the next five years while warning against hasty layoffs that could lead to societal unrest [2][3] - Dimon supports potential government interventions to prevent mass layoffs due to AI, highlighting the need for companies to consider the human consequences of automation [3] - Microsoft President Brad Smith emphasizes the importance of using technology to enhance human capabilities rather than replace them, framing the future of work as a competition between humans and machines [4][5] Group 2: AI Adoption and Workforce Integration - A Deloitte report indicates that AI is transitioning from pilot phases to enterprise-wide implementation, with companies increasing worker access to AI tools by approximately 50% in one year [5] - Despite the growing adoption of AI, a significant gap exists in worker skills, which is identified as the primary barrier to effective AI integration in businesses [6] - The report reveals that while 38% of U.S. employees reported their organizations have integrated AI, 41% have not implemented AI tools, indicating a stagnation in organizational AI adoption [9]

Group 1 - U.S. stock futures increased, with Dow futures up approximately 200 points [1] - WhiteFiber Inc announced a $200 million Convertible Senior Notes offering, leading to a 5.5% decline in its shares to $19.19 in pre-market trading [1] Group 2 - Caleres, Inc. shares dropped 8.6% to $12.84 after naming Dan Karpel as interim CFO [2] - Aura Biosciences Inc shares fell 7% to $5.10 following a 10% gain on Wednesday [2] - GoldMining Inc shares decreased by 5.5% to $1.55 in pre-market trading [2] - T1 Energy Inc shares fell 5.4% to $7.40 after filing for a mixed shelf offering [2] - Aimei Health Technology Co Ltd shares declined 5% to $54.34 after a 22% increase on Wednesday [2] - United Microelectronics Corp shares dropped 4% to $10.69 in pre-market trading [2] - Sony Group Corp shares fell 2.8% to $23.02 in pre-market trading [2]

Core Viewpoint - Caleres has appointed Dan Karpel as interim chief financial officer following the departure of Jack Calandra, with the company beginning an external search for a permanent successor [1][3] Group 1: Leadership Changes - Dan Karpel has been appointed as interim CFO, effective immediately, succeeding Jack Calandra who is leaving for other opportunities [1] - Karpel has over 30 years of accounting and finance experience, having previously served as CFO for various companies [2] - The company expressed confidence in Karpel's familiarity with Caleres and his financial expertise to ensure a smooth transition [3] Group 2: Financial Outlook - Caleres is currently evaluating the impact of the Saks Global bankruptcy, which may lead to sales volatility and a potential $0.06 risk to fourth quarter earnings per diluted share guidance [3] - The company may incur unexpected restructuring charges, but the sales and earnings outlook for the fourth quarter and fiscal 2025 remains in line with previous guidance [3] Group 3: Company Overview - Caleres is a leading portfolio of global footwear brands, including Famous Footwear, Sam Edelman, and Stuart Weitzman, with nearly 1,000 retail stores and a strong online presence [4] - The company has a legacy of nearly 150 years in craftsmanship and a mission to inspire people to feel great, focusing on fit [4]

Group 1 - The campaign for Stuart Weitzman New York emphasizes the brand's focus on elevated loafers and lace-ups for metropolitan professional men, continuing its homage to New York City [1][2] - The campaign features cinematic imagery depicting the metropolitan life of the Stuart Weitzman man, showcasing various scenarios set against iconic New York locations [2] - The men's collection combines the brand's New York heritage with artisanal Italian craftsmanship, featuring styles such as polished tassel loafers, minimalist moccasins, and modernized penny loafers [2][3] Group 2 - The brand aims to distinguish itself in the men's footwear category by focusing on elevated and versatile designs that enhance the wardrobe of its customers [3] - The campaign is photographed by Ned Rogers, known for his collaboration with the brand, and features international supermodel Sean O'Pry [3] - The Stuart Weitzman New York Men's Collection is available on the brand's website, in boutiques, and at select global retail partners [4]

Financial Performance - Net sales for the thirteen weeks ended November 1, 2025, were $790,051,000, an increase from $740,941,000 for the same period in 2024, representing a growth of 6.4%[5] - Gross profit for the thirty-nine weeks ended November 1, 2025, was $894,438,000, down from $946,934,000 in 2024, indicating a decrease of 5.5%[5] - Operating earnings for the thirteen weeks ended November 1, 2025, were $11,968,000, significantly lower than $56,698,000 in the same period last year, reflecting a decline of 78.9%[5] - Net earnings attributable to Caleres, Inc. for the thirty-nine weeks ended November 1, 2025, were $16,042,000, compared to $102,325,000 in 2024, a decrease of 84.3%[5] - Basic earnings per share attributable to Caleres, Inc. shareholders for the thirteen weeks ended November 1, 2025, were $0.07, down from $1.20 in the same period last year, a decline of 94.2%[5] - Total comprehensive income attributable to Caleres, Inc. for the thirty-nine weeks ended November 1, 2025, was $23,412,000, down from $108,050,000 in 2024, a decrease of 78.3%[7] - The company reported net earnings attributable to Caleres, Inc. of $11.3 million for the thirteen weeks ended November 1, 2025, down from $37.1 million in the prior year[31] - Basic earnings per share attributable to Caleres, Inc. shareholders for the thirty-nine weeks ended November 1, 2025, was $0.47, down from $2.93 in the prior year, representing a decline of approximately 83.9%[46] Cash Flow and Liquidity - Net cash provided by operating activities for the thirty-nine weeks ended November 1, 2025, was $40,454,000, a decrease from $75,855,000 in 2024, reflecting a decline of 46.4%[9] - The company reported a net cash increase of $4,327,000 for the thirty-nine weeks ended November 1, 2025, compared to an increase of $12,327,000 in the same period last year[9] - Cash and cash equivalents at the end of the period on November 1, 2025, were $33,963,000, slightly up from $33,685,000 at the end of the same period in 2024[9] - The company had $355.0 million of borrowings outstanding and $8.6 million in letters of credit under the Credit Agreement as of November 1, 2025[78] - The revolving credit facility was increased by $200.0 million to a total of $700.0 million, maturing on June 27, 2030[73] - The company has total additional borrowing availability of $278.1 million as of November 1, 2025[78] Acquisitions and Investments - The acquisition of Stuart Weitzman resulted in a cash outflow of $108,858,000, impacting the investing activities significantly[9] - The company completed the acquisition of Stuart Weitzman for an aggregate purchase price of $108.9 million on August 4, 2025[24] - Stuart Weitzman contributed net sales of $45.8 million and reported an operating loss of $18.9 million for the thirteen weeks ended November 1, 2025[29] - The company expects to finalize the purchase price allocation for the Stuart Weitzman acquisition within one year from the acquisition date[27] - The company’s total current assets from the acquisition of Stuart Weitzman were valued at $122.5 million, including inventories of $86.8 million[26] - The company’s total liabilities from the acquisition included current liabilities of $36.2 million[26] Sales and Revenue Breakdown - Total net sales for the thirty-nine weeks ended November 1, 2025, were $2,062,791 thousand, a decrease from $2,083,456 thousand for the same period in 2024, representing a decline of approximately 1%[34] - Direct-to-consumer sales reached $1,485,526 thousand for the thirty-nine weeks ended November 1, 2025, compared to $1,502,046 thousand in the prior year, indicating a decrease of about 1.1%[34] - Retail store sales for Famous Footwear were $975,223 thousand for the thirty-nine weeks ended November 1, 2025, down from $1,040,313 thousand in 2024, reflecting a decline of approximately 6.3%[34] - E-commerce sales from company websites totaled $356,538 thousand for the thirty-nine weeks ended November 1, 2025, compared to $324,561 thousand in 2024, marking an increase of about 9.8%[34] Restructuring and Special Charges - The company incurred restructuring and other special charges of $6,705,000 for the thirteen weeks ended November 1, 2025, compared to $1,593,000 in the same period last year[5] - The Company incurred approximately $2.9 million in costs for expense reduction initiatives during the thirteen weeks ended November 1, 2025, and $7.4 million for the thirty-nine weeks ended November 1, 2025, impacting earnings by $0.06 and $0.16 per diluted share respectively[50] Shareholder Equity and Dividends - The balance of shareholders' equity as of November 1, 2025, was $625,330 thousand, reflecting an increase from previous periods[10] - The company declared dividends of $2,375 thousand, equating to $0.07 per share, for the period ending November 1, 2025[10] - The company reported a net loss of $1,602 thousand attributable to noncontrolling interests for the thirteen weeks ended November 1, 2025[16] Inventory and Assets - The net inventory balance as of November 1, 2025, was $678.2 million, an increase from $585.9 million as of November 2, 2024[58] - The Company reported total intangible assets of $357.6 million as of November 1, 2025, with accumulated amortization of $166.0 million[59] - As of November 1, 2025, the company's total intangible assets amounted to $463.8 million, with a net carrying value of $191.6 million after accumulated amortization and impairment[63] Tax and Compliance - The consolidated effective tax rate for the thirteen weeks ended November 1, 2025, was 76.7%, significantly higher than 23.6% for the same period in 2024[104] - The company is currently evaluating the impact of new accounting standards on its financial statement disclosures, with ASU 2023-09 effective for fiscal year 2025[21] Employee Compensation and Benefits - Share-based compensation expense for the period was $3,117 thousand, contributing to the overall equity[10] - The total net periodic benefit expense for pension benefits was $671,000 for the thirteen weeks ended November 1, 2025, compared to $432,000 for the same period in 2024[88] - The company granted long-term incentive awards with a target value of $6.7 million for the 2025-2027 performance period, with a maximum value of $13.4 million[85]

Core Insights - Caleres completed the acquisition of Stuart Weitzman for $120.2 million in August 2023, which is expected to impact future earnings significantly [1][6] - The footwear brand reported net sales of $790.1 million for the 13 weeks ending November 1, 2025, marking a 6.6% increase from $740.9 million in the same period last year [1] - Direct-to-consumer sales represented approximately 71% of total net sales in the reported quarter [1] Financial Performance - Gross profit for Caleres increased to $329.9 million in Q3, up from $326.9 million in the prior year, but gross margin decreased by 230 basis points to 41.8% [2] - SG&A expenses rose to $311.3 million, accounting for 39.4% of net sales, an increase of 310 basis points from the previous year, largely due to costs associated with Stuart Weitzman [3] - GAAP net earnings fell sharply to $2.4 million, or $0.07 per diluted share, compared to $41.4 million, or $1.19 per diluted share, in the prior-year period [4] Inventory and Outlook - Inventory at the end of the quarter was $678.2 million, an increase of $92 million year-over-year, with Stuart Weitzman contributing $77 million to this total [5] - For the remainder of fiscal 2025, the company anticipates ongoing tariff headwinds affecting gross margin and expects GAAP loss per diluted share between $0.13 and $0.18, with adjusted earnings per diluted share between $0.55 and $0.60, factoring in dilution from Stuart Weitzman [6] - The company plans to transition the Stuart Weitzman business to its systems and address aged inventory, aiming for long-term growth and profitability starting in fiscal 2026 [7]

Group 1 - The article does not provide any specific content related to a company or industry [1]