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The filed complaint alleges that Caleres, Inc. made materially false and/or misleading statements and/or failed to disclose that: Caleres issued a press release on May 29, 2025, reporting its financial results for the first quarter of 2025. Among other items, Caleres reported sales of only $614.2 million, representing a 6.8% year-over-year decline, which Caleres's Chief Financial Officer acknowledged "was below our expectations". The Company also suspended its guidance for 2025, citing "the uncertainty in the environment[.]" Following this news, Caleres's stock price fell over 18% on the same day.
In order to be eligible to join the CAL class action lawsuit, you must have incurred a loss on shares of Caleres, Inc. purchased during the class period listed above.
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