Shares of Caleres (NYSE: CAL) were moving higher today after the footwear retailer topped profit expectations in its second-quarter earnings report, showing it's managing the challenging macro environment better than expected.

As of 2:16 p.m. ET, the stock was up 16.5% on the news.

In a difficult environment, the Famous Footwear parent said revenue fell 5.8% to $695.5 million, missing estimates of $704.9 million.

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Source Fool.com