Caleres, Cable One, Genesco and Callaway shares fall as April CPI hits 3.8%

Shares of Caleres, Cable One, Genesco and Callaway Golf fell in the May 15, 2026, morning session after U.S. CPI rose at a 3.8% annual rate in April, the fastest pace since 2023, raising concerns over consumer spending. The Bureau of Labor Statistics reported a 0.6% monthly increase in prices, driven by a 3.8% rise in energy costs and a 5.4% jump in gasoline prices. Higher food and shelter costs added pressure on household budgets, weighing on retail and discretionary stocks. Callaway shares recently traded at $15.01, up 28% year to date but 14.4% below their 52-week high of $17.52. Four days earlier, the stock gained 18.4% after first-quarter 2026 revenue rose 9.2% to $687.5 million, GAAP EPS reached $0.47 and adjusted EBITDA was $163.7 million, prompting management to raise full-year revenue and EBITDA guidance.