Caleres Reports Strong Q1 Results, Signals Growth Ahead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: seekingalpha
- Sales Recovery: Caleres reported Q1 sales of $667 million, reflecting an 8.5% increase including the recently acquired Stuart Weitzman brand, despite a 2.5% decline in Famous Footwear sales, indicating a positive trend in sales recovery.
- Margin Improvement: While Famous Footwear's gross margin was compressed by 150 basis points, the Brand Portfolio's gross margin surged by 520 basis points to 49.0%, resulting in an overall company gross margin of 47.3%, which is up 200 basis points year-over-year, showcasing enhanced profitability.
- Positive Outlook: For Q2, Caleres anticipates sales growth in the mid-to-high single digits and gross margin expansion of 345 to 375 basis points, reflecting the company's confidence in future performance.
- Adjusted Earnings Guidance: For the full year, sales are expected to increase by low to mid-single digits, with gross margin improvement of 220 to 260 basis points, and adjusted earnings projected between $1.40 and $1.65 per share, with a midpoint of $1.53 that falls short of the $1.58 consensus estimate.
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Analyst Views on CAL
Wall Street analysts forecast CAL stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 13.390
Low
18.00
Averages
18.00
High
18.00
Current: 13.390
Low
18.00
Averages
18.00
High
18.00
About CAL
Caleres, Inc. is a global footwear company. The Company offers a portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, Vionic, and more. Its products are available virtually in the nearly 1,000 retail stores it operates, in major department and specialty stores, on its branded e-commerce sites, and on many additional third-party retail platforms. Its Famous Footwear segment is comprised of its Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. Its Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers and mass merchandisers, as well as Company-owned stores and e-commerce businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of CAL Stock's 52-Week Highs and Lows
- Price Fluctuation Analysis: CAL's stock has a 52-week low of $8.80 and a high of $16.14, with the last trade at $12.34, indicating significant price volatility and reflecting market interest and investor sentiment changes.
- Technical Indicator Observation: The current price of $12.34 is below the 200-day moving average, suggesting potential short-term pressure on the stock, prompting investors to monitor future trends for optimal buy or sell timing.
- Market Sentiment Assessment: Although the current price is in the middle of the 52-week range, the comparison with the low and high points indicates a possible divergence in market confidence towards CAL, necessitating cautious risk evaluation by investors.
- Investor Focus: As CAL's stock price approaches the 52-week low, investors may reassess their investment strategies, particularly in the selection of dividend stocks, and should keep an eye on the performance of other related stocks.
See More
Brand Portfolio Sales Growth Drives Earnings Beat
- Sales Performance Boost: The company reported sales of $667 million, an 8.5% year-over-year increase, with organic sales growth of 5.8% in the brand portfolio, indicating strong market demand and brand appeal that is expected to drive future revenue growth.
- Margin Improvement: The gross margin for the brand portfolio rose to 49%, up 520 basis points from last year, reflecting successful cost control and product mix optimization, which enhances the company's profitability and market competitiveness.
- Famous Footwear Challenges: Despite a 2.5% decline in Famous Footwear sales, e-commerce sales grew nearly 10%, indicating the company's resilience during its transformation, with potential for performance improvement through digital initiatives in the future.
- Rising Expense Pressure: SG&A expenses increased by 10.2% to $293.7 million, primarily due to costs associated with Stuart Weitzman; nevertheless, overall profitability remains stable, demonstrating the company's ability to manage cost challenges effectively.
See More
Caleres Q1 Earnings Beat Expectations Amid Mixed Segment Performance
- Significant Sales Growth: Caleres reported Q1 sales of $667 million, an 8.5% increase year-over-year, with the Brand Portfolio segment achieving a 5.8% organic growth, indicating broad growth across channels and geographies that enhances market competitiveness.
- Profitability Improvement: The company posted earnings per share of $0.38 for the first quarter, a notable increase from $0.22 last year, reflecting gross margin expansion in the Brand Portfolio, although Famous Footwear faced greater market pressures.
- Optimistic Future Outlook: Caleres expects consolidated sales to increase in the mid- to high-single digits for Q2, with Brand Portfolio sales projected to rise around 20%, demonstrating confidence in future performance despite anticipated declines in Famous Footwear sales.
- Risks and Uncertainties: While management expresses optimism regarding the Brand Portfolio's performance, they acknowledge the uncertain tariff environment and risks of economic slowdown, anticipating new tariffs to be implemented in July 2026, which could impact future profitability.
See More
Caleres Reports Strong Q1 Results, Signals Growth Ahead
- Sales Recovery: Caleres reported Q1 sales of $667 million, reflecting an 8.5% increase including the recently acquired Stuart Weitzman brand, despite a 2.5% decline in Famous Footwear sales, indicating a positive trend in sales recovery.
- Margin Improvement: While Famous Footwear's gross margin was compressed by 150 basis points, the Brand Portfolio's gross margin surged by 520 basis points to 49.0%, resulting in an overall company gross margin of 47.3%, which is up 200 basis points year-over-year, showcasing enhanced profitability.
- Positive Outlook: For Q2, Caleres anticipates sales growth in the mid-to-high single digits and gross margin expansion of 345 to 375 basis points, reflecting the company's confidence in future performance.
- Adjusted Earnings Guidance: For the full year, sales are expected to increase by low to mid-single digits, with gross margin improvement of 220 to 260 basis points, and adjusted earnings projected between $1.40 and $1.65 per share, with a midpoint of $1.53 that falls short of the $1.58 consensus estimate.
See More
Caleres Raises Fiscal 2026 Earnings Guidance
- Guidance Upgrade: Caleres anticipates fiscal 2026 net earnings per share to range from $1.44 to $1.69, an increase from the previous forecast of $1.31 to $1.61, indicating enhanced profitability and increased market confidence.
- Q2 Outlook: For the second quarter of fiscal 2026, the company expects net earnings per share of $0.32 to $0.38, significantly up from $0.20 in the second quarter of fiscal 2025, reflecting strong sales momentum and improved profitability.
- Sales Growth Expectations: Caleres projects annual sales growth in the low to mid-single digits for fiscal 2026, demonstrating resilience in its brand portfolio supported by successful tariff mitigation and disciplined execution despite market challenges.
- Positive Market Reaction: CAL shares rose by 7.50% to $15.20 in pre-market trading on the New York Stock Exchange, indicating investor optimism and confidence in the company's future prospects.
See More
Caleres Q1 Earnings Beat Expectations
- Earnings Beat: Caleres reported a Q1 Non-GAAP EPS of $0.38, exceeding expectations by $0.01, indicating robust profitability that boosts investor confidence in the company's financial health.
- Stable Revenue Growth: The company achieved Q1 revenue of $666.6 million, reflecting an 8.5% year-over-year increase, aligning with market expectations and demonstrating strong sales momentum that is likely to support future performance.
- Optimistic Q2 Outlook: Caleres anticipates mid-to-high single-digit growth in net sales for Q2, with gross margins expected to increase by 345 to 375 basis points, showcasing management's confidence in market demand and effective cost control measures.
- Cautious Full-Year Guidance: The company projects low to mid-single-digit growth in net sales for the full year, with gross margins rising by 220 to 260 basis points, while interest expenses are estimated at approximately $18 million, reflecting resilience amid market fluctuations.
See More
Analysis of CAL Stock's 52-Week Highs and Lows
- Price Fluctuation Analysis: CAL's stock has a 52-week low of $8.80 and a high of $16.14, with the last trade at $12.34, indicating significant price volatility and reflecting market interest and investor sentiment changes.
- Technical Indicator Observation: The current price of $12.34 is below the 200-day moving average, suggesting potential short-term pressure on the stock, prompting investors to monitor future trends for optimal buy or sell timing.
- Market Sentiment Assessment: Although the current price is in the middle of the 52-week range, the comparison with the low and high points indicates a possible divergence in market confidence towards CAL, necessitating cautious risk evaluation by investors.
- Investor Focus: As CAL's stock price approaches the 52-week low, investors may reassess their investment strategies, particularly in the selection of dividend stocks, and should keep an eye on the performance of other related stocks.
See More
Brand Portfolio Sales Growth Drives Earnings Beat
- Sales Performance Boost: The company reported sales of $667 million, an 8.5% year-over-year increase, with organic sales growth of 5.8% in the brand portfolio, indicating strong market demand and brand appeal that is expected to drive future revenue growth.
- Margin Improvement: The gross margin for the brand portfolio rose to 49%, up 520 basis points from last year, reflecting successful cost control and product mix optimization, which enhances the company's profitability and market competitiveness.
- Famous Footwear Challenges: Despite a 2.5% decline in Famous Footwear sales, e-commerce sales grew nearly 10%, indicating the company's resilience during its transformation, with potential for performance improvement through digital initiatives in the future.
- Rising Expense Pressure: SG&A expenses increased by 10.2% to $293.7 million, primarily due to costs associated with Stuart Weitzman; nevertheless, overall profitability remains stable, demonstrating the company's ability to manage cost challenges effectively.
See More
Caleres Q1 Earnings Beat Expectations Amid Mixed Segment Performance
- Significant Sales Growth: Caleres reported Q1 sales of $667 million, an 8.5% increase year-over-year, with the Brand Portfolio segment achieving a 5.8% organic growth, indicating broad growth across channels and geographies that enhances market competitiveness.
- Profitability Improvement: The company posted earnings per share of $0.38 for the first quarter, a notable increase from $0.22 last year, reflecting gross margin expansion in the Brand Portfolio, although Famous Footwear faced greater market pressures.
- Optimistic Future Outlook: Caleres expects consolidated sales to increase in the mid- to high-single digits for Q2, with Brand Portfolio sales projected to rise around 20%, demonstrating confidence in future performance despite anticipated declines in Famous Footwear sales.
- Risks and Uncertainties: While management expresses optimism regarding the Brand Portfolio's performance, they acknowledge the uncertain tariff environment and risks of economic slowdown, anticipating new tariffs to be implemented in July 2026, which could impact future profitability.
See More
Caleres Reports Strong Q1 Results, Signals Growth Ahead
- Sales Recovery: Caleres reported Q1 sales of $667 million, reflecting an 8.5% increase including the recently acquired Stuart Weitzman brand, despite a 2.5% decline in Famous Footwear sales, indicating a positive trend in sales recovery.
- Margin Improvement: While Famous Footwear's gross margin was compressed by 150 basis points, the Brand Portfolio's gross margin surged by 520 basis points to 49.0%, resulting in an overall company gross margin of 47.3%, which is up 200 basis points year-over-year, showcasing enhanced profitability.
- Positive Outlook: For Q2, Caleres anticipates sales growth in the mid-to-high single digits and gross margin expansion of 345 to 375 basis points, reflecting the company's confidence in future performance.
- Adjusted Earnings Guidance: For the full year, sales are expected to increase by low to mid-single digits, with gross margin improvement of 220 to 260 basis points, and adjusted earnings projected between $1.40 and $1.65 per share, with a midpoint of $1.53 that falls short of the $1.58 consensus estimate.
See More
Caleres Raises Fiscal 2026 Earnings Guidance
- Guidance Upgrade: Caleres anticipates fiscal 2026 net earnings per share to range from $1.44 to $1.69, an increase from the previous forecast of $1.31 to $1.61, indicating enhanced profitability and increased market confidence.
- Q2 Outlook: For the second quarter of fiscal 2026, the company expects net earnings per share of $0.32 to $0.38, significantly up from $0.20 in the second quarter of fiscal 2025, reflecting strong sales momentum and improved profitability.
- Sales Growth Expectations: Caleres projects annual sales growth in the low to mid-single digits for fiscal 2026, demonstrating resilience in its brand portfolio supported by successful tariff mitigation and disciplined execution despite market challenges.
- Positive Market Reaction: CAL shares rose by 7.50% to $15.20 in pre-market trading on the New York Stock Exchange, indicating investor optimism and confidence in the company's future prospects.
See More
Caleres Q1 Earnings Beat Expectations
- Earnings Beat: Caleres reported a Q1 Non-GAAP EPS of $0.38, exceeding expectations by $0.01, indicating robust profitability that boosts investor confidence in the company's financial health.
- Stable Revenue Growth: The company achieved Q1 revenue of $666.6 million, reflecting an 8.5% year-over-year increase, aligning with market expectations and demonstrating strong sales momentum that is likely to support future performance.
- Optimistic Q2 Outlook: Caleres anticipates mid-to-high single-digit growth in net sales for Q2, with gross margins expected to increase by 345 to 375 basis points, showcasing management's confidence in market demand and effective cost control measures.
- Cautious Full-Year Guidance: The company projects low to mid-single-digit growth in net sales for the full year, with gross margins rising by 220 to 260 basis points, while interest expenses are estimated at approximately $18 million, reflecting resilience amid market fluctuations.
See More
