What is the revenue and EPS growth rate for Caleres year over year?

What does Caleres do and what are its main business segments?

What were the key takeaways from Caleres's earnings call?

What is the market's earnings forecast for Caleres next quarter?

What were the key takeaways from Caleres’s earnings call?

What guidance did Caleres's management provide for the next earnings period?

Did Caleres beat or miss consensus estimates last quarter?

What factors drove the changes in Caleres's revenue and profit?

- **Q4 Beat**: Revenue +8.7%, EPS loss $0.36 (vs. $0.06 ex-Stuart). Brand Portfolio sales +20.3%, e-commerce up double digits.
- **2026 Growth**: Sales +low to mid-single digits, gross margin +140bps. Stuart Weitzman to breakeven, driven by e-commerce recovery.
- **Strategic Momentum**: Flair remodels (+4.5% lift), international expansion, and tariff mitigation supporting margin recovery.
- **Risks**: Geopolitical conflict (Middle East), economic slowdown, and tariff volatility.

**【CEO Summary Section】**
- **Q4 2025 Performance**: Revenue exceeded guidance, with Brand Portfolio sales up 20.3% (1.5% organic) driven by lead brands (Sam Edelman, Allen Edmonds) and owned e-commerce growth. Famous Footwear saw modest comp sales growth (0.1%) with e-commerce up double digits.
- **2026 Outlook**: A 'build back' year with low to mid-single-digit sales growth and earnings recovery. Focus on international expansion, owned e-commerce, and tariff mitigation. Stuart Weitzman aims to reach breakeven.
- **Strategic Initiatives**: Flair remodels at Famous (+4.5% sales lift), elevated brand curation, and specialty retail operations team formation.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Sales $695.1M (+8.7%), GAAP EPS loss $0.36. Brand Portfolio gross margin 41.6% (down 130bps vs. prior year). SG&A up 18.3% due to Stuart Weitzman integration costs.
- **2026 Guidance**: Sales +low to mid-single digits. Gross margin to improve 140-100bps (Brand Portfolio tariff mitigation). Adjusted EPS $1.35-$1.65. CapEx $55M-$60M.
- **Risks**: Geopolitical tensions (Middle East <1% of sales), tariff uncertainty, and economic slowdown risks.

**【Q&A Key Highlights】**
- **Stuart Weitzman Progress**: Aged inventory liquidated, systems integration complete. Q1 2026 e-commerce momentum suggests breakeven path.
- **Gross Margin Recovery**: 2026 driven by tariff mitigation, brand mix, and Stuart Weitzman accretion. Q1 margin improvement 120-140bps.
- **Market Share Gains**: Brand Portfolio gains in women's fashion footwear; Famous outperforms in premium brands (Jordan, Birkenstock).
- **Economic Sensitivity**: Q1 e-commerce trends strong, but cautious on consumer spending amid macro uncertainty.

Caleres, Inc. (CAL) Q4 2026 Earnings Call Transcript

- **Organic Growth**: Brand Portfolio +4.6%, Famous eCommerce +110%, international expansion. 
- **Stuart Weitzman**: 2026 breakeven with $65M tariff savings, 25-33% inventory liquidation. 
- **Margins**: 2026 tariff impact neutralized, Q4 gross margin improvement. 
- **Key Drivers**: Direct-to-consumer, premium brands, international growth. 


**【CEO Summary】**
- Organic sales growth of 0.4% (excluding Stuart Weitzman), driven by Brand Portfolio (4.6% growth) and Famous Footwear's eCommerce (double-digit growth). 
- Stuart Weitzman: Q3 sales $45.8M, expected to breakeven in 2026 with $65M tariff mitigation and SG&A savings. 
- Key trends: international expansion (Europe, China), direct-to-consumer (owned eCommerce up 110%), and premium brand performance (Sam Edelman, Allen Edmonds). 
- Challenges: tariffs (175bps impact on Brand Portfolio), inventory cleanup for Stuart Weitzman. 

**【CFO Financial Commentary】**
- Q3 revenue: $790.1M (+6.6%), operating earnings $26.3M (3.3% margin). 
- Brand Portfolio: gross margin 42.3% (-150bps YoY), Famous: 41.6% (-130bps YoY). 
- Q4 guidance: Brand Portfolio flat to +1%, Stuart Weitzman sales $55-60M. 
- Tariffs: 2026 impact reduced to $40M from $65M, enabling margin recovery. 

**【Q&A Highlights】**
- **Stuart Weitzman Inventory**: 25-33% of $77M aged inventory to be liquidated by Q4, with brand protection strategies. 
- **2026 Outlook**: Organic growth in Brand Portfolio, Famous Footwear, and Stuart Weitzman breakeven. 
- **Tariffs**: 2026 impact neutralized via cost savings, supporting margin expansion. 
- **Famous Footwear**: Premium brands (Jordan, Timberland) driving AUR +3%, fashion recovery in Q4. 


Caleres, Inc. (CAL) Q3 2026 Earnings Call Transcript

- **Sales resilience**: Q2 sales decline (-3.6% YoY) offset by sequential improvement, with Famous Footwear August comp +1% and international growth.
- **Brand strength**: Lead brands (Sam Edelman, Allen Edmonds) drove over 50% of sales, with Sam Edelman seeing double-digit international growth.
- **Tariff impact**: $10M sales hit in Q2, with $5M delayed receipts benefiting Q3. Gross margin pressure to persist in Q3, improving in Q4.
- **Strategic moves**: $15M annualized cost savings and Stuart Weitzman acquisition to enhance operational efficiency and profitability.
- **Q3 outlook**: Brand Portfolio gross margin similar to Q2, Famous comparable sales down low single digits in September/October.


**【CEO Summary Section】**
- **Sales trends**: Q2 sales declined 3.6% YoY, but showed sequential improvement in both Brand Portfolio and Famous Footwear segments. International sales grew double digits, and Famous Footwear saw a 1% comp in August.
- **Brand performance**: Lead brands (Sam Edelman, Allen Edmonds, Naturalizer, Vionic) accounted for over 50% of sales. Sam Edelman saw double-digit international growth, while Allen Edmonds reduced promotions to improve margins.
- **Tariff mitigation**: Tariffs negatively impacted Q2 sales by $10M, with $5M in delayed receipts benefiting Q3. Structural cost savings initiatives will deliver $15M annualized savings, half of which is realized in 2025.
- **Stuart Weitzman acquisition**: Completed post-Q2, with plans to integrate and achieve profitability after a transition period. Expected expense savings in distribution, logistics, and media buying.

**【CFO Financial Commentary】**
- **Revenue**: Q2 sales $658.5M (-3.6% YoY). Brand Portfolio (-3.5% YoY) offset by Famous Footwear (-4.9% YoY). Tariffs reduced Brand Portfolio gross margin by 250bps.
- **Gross margin**: Consolidated 43.4% (-210bps YoY). Brand Portfolio 40.3% (-240bps YoY) due to tariffs and markdowns. Famous gross margin 43.7% (-130bps YoY) from promotions.
- **Expenses**: SG&A 41% of sales (+170bps YoY) due to international investments and IT costs. Operating margin 2.4% (-120bps YoY).
- **Q3 outlook**: Brand Portfolio gross margin expected similar to Q2, with improvement in Q4. Famous comparable sales expected down low single digits in September/October.

**【Q&A Key Highlights】**
- **Famous Footwear**: August comp +1% driven by brick-and-mortar traffic and web AUR growth. Jordan launch became top 10 brand, with plans to expand trending brands.
- **Gross margin trends**: Q3 Brand Portfolio gross margin similar to Q2, with Q4 improvement as mitigation strategies take effect. Famous promotional headwinds to ease post-BOGO anniversary.
- **Stuart Weitzman**: Integration to be completed by end-2025, with focus on operational efficiency and profitability. Purchase accounting details to be disclosed in Q3.
- **Wholesale trends**: Direct-to-consumer channels growing, with D2C up YoY in Brand Portfolio. Holiday order trends cautious but improving with better retail sell-through.


Caleres, Inc. (CAL) Q2 2025 Earnings Call Transcript

- **Q1 Results Miss Expectations**: Sales down 6.8% YoY to $614M, driven by February weakness and inventory markdowns.
- **Brand Portfolio Challenges**: Gross margin down 280bps YoY due to tariffs, markdowns ($2.3M), and bad debt ($3.1M).
- **Famous Footwear Turnaround**: FLAIR stores +8pts lift, Jordan launch in 147 stores shows early promise.
- **Cost Cutting Initiative**: $15M annualized SG&A savings to offset tariff pressures.
- **Strategic Acquisitions**: Stuart Weitzman acquisition to expand luxury DTC capabilities.

**【CEO Opening Remarks】**
- Q1 2025 sales declined 6.8% YoY to $614.2M, missing expectations due to weak February sales and inventory challenges.
- Brand portfolio sales down 6.9% YoY, driven by lower gross margins (down 280bps) from tariff-related sourcing disruptions, inventory markdowns ($2.3M), and bad debt ($3.1M).
- Famous Footwear sales down 6.3% YoY, with comp sales down 4.6% YoY, though March/April trends improved.
- Key initiatives: $15M annualized SG&A cost cuts, sourcing diversification (10% China by H2), and Jordan brand launch in 147 stores.

**【Brand Portfolio Details】**
- Lead brands (Sam Edelman, Allen Edmonds, Naturalizer, Vionic) represent 60% of sales and 80% of operating earnings.
- Sam Edelman: +10% intl growth, strong sneaker category, 106 stores (56 owned, 50 franchised).
- Allen Edmonds: 3 new Port Washington studios (+300-400bps vs fleet), 57 total stores.
- Naturalizer: +50% sales at Macy's Herald Square shop-in-shop, sandals up led by new footbed styles.
- Vionic: Walk-in category +100% YoY, sandals early results encouraging.
- Upcoming Stuart Weitzman acquisition to expand luxury DTC and intl footprint.

**【Famous Footwear Update】**
- Q1 comp sales down 4.6% YoY, e-commerce +2.5% YoY.
- FLAIR stores (44 total) show 8pts sales lift vs rest of chain, targeting 53 by Q3.
- Jordan launch in 147 stores mid-May, exclusive to Famous in shoe chains.
- Back-to-school ready with expanded assortments from Nike, Adidas, Birkenstock, etc.

**【CFO Financial Review】**
- Q1 Adj EPS: $0.22 vs $0.88 YoY, driven by $1.9M sourcing costs and $2.3M markdowns.
- Gross margin: 45.4% (-150bps YoY), Brand Portfolio 43.8% (-280bps), Famous 45.3% (-80bps).
- SG&A: $266.5M flat YoY, 43.4% of sales (+300bps YoY) due to intl investments.
- Inventory: $573.6M (+8.1% YoY), up 20% in Brand Portfolio for fall 2024 carryover.
- 2025 cost actions: $15M annualized SG&A savings ($7.5M H2), no guidance due to tariff uncertainty.

**【Q&A Highlights】**
- Tariff strategy: 10% China sourcing by H2, factory concessions, selective price increases.
- Brand portfolio: Lead brands gaining share, weaker brands under review post-Stuart Weitzman acquisition.
- Jordan launch: Early sell-through strong in accessories, full rollout by mid-July.
- Back-to-school: Inventory in place, Famous outperforming in kids (+0.5pts market share).
- Cost savings: $15M SG&A cuts permanent, $7.5M in Q3/Q4.

Caleres, Inc. (CAL) Q1 2025 Earnings Call Transcript

- **Q4 Strong Finish**: Full-year EPS of $3.30 at high end of guidance, despite Brand Portfolio sales down 7.2%.
- **Lead Brands Outperform**: Sam Edelman, Allen Edmonds, Vionic drove growth, with Allen Edmonds boots up 30%.
- **China Sourcing Shift**: 75% of direct sourcing to exit China by Q2 2025, up from prior target, to reduce tariff risk.
- **Stuart Weitzman Acquisition**: Adds $150M+ in annual sales and premium DTC capabilities, closing summer 2025.
- **2025 Outlook**: Sales ±1%, EPS $2.80-$3.20, with 30-40bps gross margin pressure from tariffs.
- **Resilient Contemporary Brands**: Vince and Veronica Beard growing 20-30%, Vionic +20% at Nordstrom, defying value-oriented weakness.


**【CEO Summary Section】**
- Fourth-quarter adjusted EPS of $0.33 and full-year EPS of $3.30 at high end of guidance.
- Brand Portfolio sales down 7.2% Q4, driven by weakness in boots and value-oriented brands, but Lead Brands (Sam Edelman, Allen Edmonds, Naturalizer, Vionic) outperformed.
- 75% of direct product sourcing to move outside China by Q2 2025, up from previous target, to mitigate tariffs.
- Acquired Stuart Weitzman to expand into contemporary, premium price points, and international markets.
- 2025 guidance: consolidated sales ±1%, EPS $2.80-$3.20, with headwinds from tariffs and cautious consumer spending.

**【CFO Financial Commentary】**
- Q4 consolidated sales $639.2M (-8.3% YoY), Brand Portfolio gross margin 43% (-100bps YoY) due to discounts and freight costs.
- Full-year EBITDA $216.6M (8% of sales), inventory up 4.5% to $565M, with aged inventory improving.
- 2025 guidance includes 30-40bps gross margin hit from tariffs, offset by selective price increases and factory absorption.

**【Q&A Highlights】**
- Q1 2025 sales expected down 5-6%, with sequential improvement driven by new product, leadership, and international growth.
- Contemporary brands (Vince, Veronica Beard) resilient at higher price points, benefiting from designer weakness and fashion demand.
- FLAIR store remodels (25 planned in 2025) driving 10% comp outperformance vs. standard stores.
- Tariffs assumed to split 50-50 between factory absorption and consumer price increases, with minimal further pass-through expected.


Actual											0.34	-1.3	-0.57	0.48	0.03	0.6	1.19	1.59	0.91	1.32	1.38	1.15	0.65	0.97	0.98	1.37	0.86	0.88	0.85	1.23	0.33	0.22	0.35	0.38	-0.36
Forecast											0.3625	-0.86	-1.024	0.04	-0.01	0.03	0.535	1.145	0.67	0.83	1.3225	1.118	0.6475	0.935	0.8825	1.3025	0.854	0.865	1.2188	1.3565	0.2605	0.3636	0.5586	0.8543	-0.403
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.21%	-51.16%	+44.34%	+1100.00%	+400.00%	+1900.00%	+122.43%	+38.86%	+35.82%	+59.04%	+4.35%	+2.86%	+0.39%	+3.74%	+11.05%	+5.18%	+0.70%	+1.73%	-30.26%	-9.33%	+26.68%	-39.49%	-37.34%	-55.52%	+10.67%

CAL

CAL fundamentals

CAL Q4 2026 Earnings

Earnings Call

You can ask Aime

CAL

CAL fundamentals

CAL Q4 2026 Earnings

Earnings Call

CAL Earnings Call Summary for Q4/202610:00 AM on Mar 19, 2026

CAL Earnings Call Summary for Q3/202610:00 AM on Dec 9, 2025

CAL Earnings Call Summary for Q2/202610:00 AM on Sep 4, 2025

CAL Earnings Call Summary for Q1/202610:00 AM on May 29, 2025

CAL Earnings Call Summary for Q4/202510:00 AM on Mar 20, 2025

You can ask Aime