Caleres (NYSE:CAL) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Caleres (NYSE:CAL) released its quarterly earnings data on Thursday. The textile maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01, FiscalAI reports. The company had revenue of $666.60 million for the quarter, compared to analyst estimates of $662.64 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. Caleres’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. Caleres updated its Q2 2026 guidance to 0.320-0.380 EPS and its FY 2026 guidance to 1.400-1.650 EPS.

Here are the key takeaways from Caleres’ conference call:

• First-quarter EPS beat guidance, helped by strong sales and gross margin performance in the Brand Portfolio segment. Management said the quarter reinforced its confidence in the company’s strategy and operational execution.
• The Brand Portfolio was a standout, with organic sales up 5.8% and gross margin expanding sharply on better mix, lower tariffs, mitigation efforts, and disciplined inventory management. Several lead brands, including Sam Edelman, Allen Edmonds, Naturalizer, and Vionic, posted solid growth.
• Stuart Weitzman outperformed internal expectations in its first quarter on Caleres’ platforms, with sales and profit ahead of plan and gross margins benefiting from cleaner inventory. Management continues to expect the brand to reach breakeven in fiscal 2026.
• Famous Footwear remained pressured by a softer consumer and macro backdrop, with total sales down 2.5% and comps down 2.3%. E-commerce grew nearly 10%, and elevated brands/products, brand takeovers, and Flair remodels continued to show progress.
• Full-year guidance was maintained, but the mix shifted toward stronger Brand Portfolio expectations and more conservative Famous assumptions. Management also flagged tariff uncertainty, assuming new tariffs in July and noting potential $57.8 million-plus in IEPA tariff refunds that are not included in guidance.

Caleres Stock Down 13.3%

NYSE CAL opened at $12.32 on Friday. The company has a market capitalization of $415.69 million, a P/E ratio of -1,230.77 and a beta of 0.74. Caleres has a 12-month low of $8.80 and a 12-month high of $16.14. The firm has a 50-day moving average price of $12.65 and a two-hundred day moving average price of $12.34.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 11th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. Caleres’s payout ratio is currently -2,800.00%.

Key Stories Impacting Caleres

Here are the key news stories impacting Caleres this week:

• Positive Sentiment: Caleres reported Q1 earnings of $0.38 per share, slightly ahead of estimates, while revenue of $666.6 million also topped expectations and rose 8.5% year over year, helping support the stock. Article Title
• Positive Sentiment: The Brand Portfolio segment showed margin expansion and stronger sales, with management calling the quarter an “encouraging first step” toward a rebuild year. Article Title
• Positive Sentiment: Caleres also raised optimism around the next quarter, guiding for mid- to high-single-digit Q2 sales growth and FY2026 GAAP EPS of $1.44 to $1.69, which suggests management sees continued recovery. Article Title
• Neutral Sentiment: Wall Street Zen upgraded Caleres to “Buy,” while other analyst coverage remained neutral, adding modest support but not a major catalyst on its own. Article Title Article Title
• Negative Sentiment: Despite the earnings beat, Famous Footwear remained under pressure with declining sales and margins, and some commentary said leverage risk and retail headwinds limit how compelling the valuation looks. Article Title Article Title

Analyst Ratings Changes

CAL has been the subject of several research analyst reports. Zacks Research raised shares of Caleres from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Caleres in a report on Friday. Weiss Ratings raised shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Caleres from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Seaport Research Partners boosted their price objective on shares of Caleres from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Caleres currently has a consensus rating of “Hold”.

Insider Transactions at Caleres

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $168,105.00. Following the completion of the sale, the insider owned 64,780 shares of the company’s stock, valued at $971,700. The trade was a 14.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of Caleres

A number of institutional investors and hedge funds have recently made changes to their positions in CAL. AQR Capital Management LLC lifted its holdings in shares of Caleres by 143.2% during the 1st quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock worth $1,560,000 after acquiring an additional 53,320 shares during the period. Empowered Funds LLC lifted its holdings in shares of Caleres by 4.2% during the 1st quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock worth $2,805,000 after acquiring an additional 6,502 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Caleres by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock worth $1,812,000 after acquiring an additional 4,175 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Caleres by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock worth $231,000 after acquiring an additional 1,007 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Caleres by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 99,677 shares of the textile maker’s stock worth $1,218,000 after acquiring an additional 2,352 shares during the period. Institutional investors own 98.44% of the company’s stock.

Caleres Company Profile

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.