Caleres Appoints Dan Karpel as Interim CFO Amid Sales Volatility Risks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Executive Change: Caleres has appointed Dan Karpel as interim CFO, succeeding Jack Calandra, who is leaving for other opportunities without any internal disputes, indicating a stable transition in leadership.
- Financial Expertise: Karpel rejoined Caleres in October 2025, bringing over 30 years of accounting and finance experience, having previously served as CFO at Club Car Wash, which enhances his capability to manage financial operations effectively.
- Earnings Warning: The company updated its fourth-quarter outlook, indicating potential sales volatility due to the Saks Global bankruptcy, which could pose a risk of up to $0.06 per diluted share in earnings guidance, affecting financial stability.
- Restructuring Costs: In addition to sales volatility risks, Caleres may incur unforeseen restructuring costs, further pressuring the company's financial condition, although the sales and earnings outlook remains aligned with previous guidance when excluding these impacts.
Analyst Views on CAL
Wall Street analysts forecast CAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAL is 18.00 USD with a low forecast of 18.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 13.500
Low
18.00
Averages
18.00
High
18.00
Current: 13.500
Low
18.00
Averages
18.00
High
18.00
About CAL
Caleres, Inc. is a global footwear company. The Company offers a portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, Vionic, and more. Its products are available virtually in the nearly 1,000 retail stores it operates, in major department and specialty stores, on its branded e-commerce sites, and on many additional third-party retail platforms. Its Famous Footwear segment is comprised of its Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. Its Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers and mass merchandisers, as well as Company-owned stores and e-commerce businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
