Caleres (NYSE:CAL) Announces Quarterly Earnings Results

Caleres (NYSE:CAL) posted its quarterly earnings data on Wednesday. The textile maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10, Zacks reports. The business had revenue of $695.45 million for the quarter, compared to analysts’ expectations of $702.49 million. Caleres had a return on equity of 7.84% and a net margin of 1.85%.The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Caleres updated its Q3 2026 guidance to 0.620-0.700 EPS and its FY 2026 guidance to 1.500-1.650 EPS.

Here are the key takeaways from Caleres’ conference call:

• Brand portfolio growth accelerated: Organic sales rose 8.2%, with broad-based gains across wholesale, direct-to-consumer and international channels. Sam Edelman, Allen Edmonds and Naturalizer delivered strong growth, while fashion footwear—particularly flats, pumps, loafers and emerging boot trends—showed momentum.
• Second-quarter adjusted EPS increased to $0.47 from $0.35, supported by a 340-basis-point improvement in consolidated gross margin to 46.8%. Excluding Stuart Weitzman, brand-portfolio operating margin expanded to 13%.
• Management raised the low end of full-year adjusted EPS guidance to $1.50–$1.65, while maintaining the high end, and expects third-quarter sales to increase low single digits. Stuart Weitzman’s integration is progressing, with management still targeting operating break-even in 2026.
• Famous Footwear remained a key weakness: Second-quarter sales fell 6.3% and comparable sales declined 5.9%, pressured by later back-to-school timing and softness in lifestyle athletic footwear. The company is increasing fashion and performance-athletic inventory while using promotions and clearance activity to reduce excess inventory, which is expected to weigh on margins.
• Tariff conditions remain uncertain: Caleres received $57.4 million in tariff refunds during the quarter, excluded from adjusted results, but its outlook assumes new tariffs will largely replace prior tariffs in the third quarter. Management said it remains flexible on sourcing but is taking a cautious approach to guidance.

Caleres Trading Down 2.1%

Caleres stock opened at $11.90 on Friday. The firm has a 50 day simple moving average of $12.70 and a 200 day simple moving average of $12.43. Caleres has a 1-year low of $8.80 and a 1-year high of $16.14. The firm has a market capitalization of $399.72 million, a price-to-earnings ratio of 7.93 and a beta of 0.75.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 2.4%. Caleres’s dividend payout ratio (DPR) is -2,800.00%.

More Caleres News

Here are the key news stories impacting Caleres this week:

• Positive Sentiment: Caleres reported second-quarter adjusted EPS of $0.47, well above the $0.37 analyst consensus and up from $0.20 a year earlier. Revenue rose 5.6% year over year to $695.45 million. Caleres Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised its fiscal 2026 EPS outlook to $1.50-$1.65, substantially above the $0.72 consensus cited in the reports. Management said its fashion brand portfolio is resonating with consumers, with broad-based gains, market-share gains in women’s fashion footwear, and strength in pumps, flats and loafers. Caleres raises outlook
• Neutral Sentiment: Caleres expects third-quarter EPS of $0.62-$0.70, below the $0.83 analyst estimate, although management indicated that quarterly sales should increase. The gap suggests that near-term profitability may remain pressured despite continued sales growth. Caleres sees higher Q3 sales
• Negative Sentiment: Second-quarter revenue was below the $702.49 million consensus estimate. The Brand Portfolio performed well, but Famous Footwear lagged, creating concern that weakness in the company’s largest retail business could limit momentum. Caleres says fashion brands drove Q2 gains

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. KeyCorp reiterated a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Wall Street Zen lowered shares of Caleres from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Zacks Research downgraded shares of Caleres from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hedge Funds Weigh In On Caleres

A number of large investors have recently made changes to their positions in CAL. Global Retirement Partners LLC bought a new stake in shares of Caleres during the 4th quarter valued at $25,000. Osaic Holdings Inc. lifted its holdings in Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,879 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Caleres by 1,032.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock worth $29,000 after purchasing an additional 2,199 shares during the period. Nomura Holdings Inc. bought a new position in Caleres in the 2nd quarter worth about $136,000. Finally, Entropy Technologies LP purchased a new position in Caleres during the 3rd quarter valued at about $150,000. 98.44% of the stock is owned by institutional investors.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.