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Caleres narrows FY23 adjusted EPS view to $4.10-$4.20 from $4.10-$4.30

FY23 consensus $4.19. As a result of the soft consumer demand environment in its Famous Footwear segment, Caleres now expects consolidated net sales to be down 4.5%-5.5%, including the impact of the 53rd week, for full year 2023. Prior view was FY23 revenue growth (5%)-(3%) vs. FY22, consensus $2.82B.

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