CAL CALERES INC
Price Chart
Executive Summary
Caleres reported Q1 2026 adjusted EPS of $0.38, beating consensus of $0.37, and raised the low end of FY2026 adjusted EPS guidance to $1.40-$1.65 from $1.35-$1.65. Revenue of $666.6M (+8.5% YoY) was in line with estimates, driven by Brand Portfolio growth (+20.6%) partially offset by a 2.5% decline at Famous Footwear. The beat reflects gross margin expansion and cost control, but organic growth excluding Stuart Weitzman was only 1.4%.
Key Financial Metrics
Actionable Insight
The modest EPS beat and raised FY guidance low end support a positive near-term bias, but the tepid organic growth and Famous Footwear weakness limit upside. Watch for tariff mitigation margin expansion in Q2 and continued Brand Portfolio momentum.
Key Facts
- Q1 2026 net sales $666.6M (+8.5% YoY, in line with $667.0M consensus)
- Adjusted EPS $0.38 vs. consensus $0.37 (beat by ~2.7%) vs. $0.22 YoY
- FY2026 adjusted EPS guidance raised to $1.40-$1.65 (from $1.35-$1.65); revenue guidance maintained at low-to-mid-single-digit growth
- Brand Portfolio sales +20.6% (+5.8% organic); Famous Footwear -2.5% (comps -2.3%)
- Consolidated gross margin expanded 200 bps to 47.3%; Brand Portfolio gross margin +520 bps to 49.0%
- Operating earnings $23.9M vs. $11.6M YoY; GAAP diluted EPS $0.42 vs. $0.21 YoY
Financial Impact
Adjusted EPS beat consensus by $0.01 (2.7%); revenue slightly below consensus by $0.4M (0.06%)
Risk Factors
- Tariff uncertainty and consumer spending slowdown could pressure margins
- Famous Footwear declines may accelerate if macro weakens
- Integration of Stuart Weitzman still weighs on profitability (operating loss of $1.4M in Q1)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000014707-26-000080 |
| Document: cal-20260604x8k.htm | 0000014707-26-000080 |
| Document: 0000014707-26-000080-index-headers.html | 0000014707-26-000080 |
| Document: 0000014707-26-000080-index.html | 0000014707-26-000080 |
| Document: 0000014707-26-000080.txt | 0000014707-26-000080 |
| 8-K Data (Synthetic) | 0000014707-26-000080 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 4, 2026
12d ago
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8-K
| $14.21 $14.73 | ▲ +3.66% | ▲ +6.21% | $13.39 (−5.77%) |
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May 20, 2026
27d ago
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8-K
| $12.14 $14.49 | ▲ +19.36% | ▲ +18.12% | $13.39 (+10.30%) |
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Apr 16, 2026
8w ago
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DEFA14A
| $12.81 $13.72 | ▲ +7.10% | ▲ +6.12% | $13.39 (+4.53%) |
US Market Status
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