Caleres (NYSE:CAL) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Caleres (NYSE:CAL) posted its quarterly earnings results on Wednesday. The textile maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10, Zacks reports. The company had revenue of $695.45 million during the quarter, compared to analysts’ expectations of $702.49 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.Caleres’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 EPS. 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 Up 1.6%

Shares of NYSE:CAL opened at $12.22 on Thursday. The company has a market cap of $410.47 million, a price-to-earnings ratio of -1,220.78 and a beta of 0.75. Caleres has a 12 month low of $8.80 and a 12 month high of $16.14. The company has a 50-day moving average price of $12.69 and a 200-day moving average price of $12.43.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, September 11th. Caleres’s payout ratio is presently -2,800.00%.

Key Stories Impacting Caleres

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 increased 5.6% year over year to $695.45 million, although it was below the $702.49 million estimate. Caleres earnings report
• Positive Sentiment: The company raised its fiscal 2026 EPS outlook to $1.50-$1.65, signaling confidence that recent operating momentum will continue. Management said its Brand Portfolio achieved broad-based gains across brands, sales channels and geographies, while gaining share in women’s fashion footwear. Caleres Reports Second Quarter 2026 Results
• Positive Sentiment: Fashion-focused brands, including pumps, flats and loafers, were key growth drivers. The results suggest Caleres is benefiting from consumer demand for its fashion brands, which management said are “resonating with consumers.” Caleres shoe sales article
• Neutral Sentiment: Caleres forecast third-quarter EPS of $0.62-$0.70, below the $0.83 consensus, but expects higher sales. This indicates stronger full-year expectations may be weighted toward later quarters rather than an immediate acceleration.
• Negative Sentiment: Revenue missed expectations, and Famous Footwear reportedly lagged the company’s fashion-brand portfolio. Continued weakness at the retail division could limit the benefit of the stronger Brand Portfolio performance. Caleres brands and Famous Footwear article

Institutional Investors Weigh In On Caleres

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in shares of Caleres by 1,662.8% during the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,879 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Caleres during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC grew its stake in Caleres by 1,032.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 2,199 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Caleres during the 2nd quarter worth approximately $136,000. Finally, Entropy Technologies LP bought a new stake in shares of Caleres in the 3rd quarter worth about $150,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAL has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a research note on Friday, July 31st. KeyCorp reissued a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. Wall Street Zen cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Zacks Research lowered Caleres from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Caleres currently has an average rating of “Reduce”.

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.