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flag Caleres, parent of Famous Footwear, reports a 6.8% revenue drop, missing analyst expectations.

flag Caleres, the parent company of Famous Footwear, reported a 6.8% drop in first-quarter revenues to $614.2 million, missing analyst expectations. flag The company's stock fell significantly due to lower sales at Famous Footwear and other brands, along with reduced earnings per share and adjusted EBITDA. flag Analysts have lowered their earnings estimates for the company. flag Caleres has suspended its outlook due to market uncertainties.

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