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

Caleres (NYSE:CAL) issued its quarterly earnings results on Thursday. The textile maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01, FiscalAI reports. Caleres had a positive return on equity of 6.49% and a negative net margin of 0.24%.The company had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.64 million. During the same period last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. 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 Trading Up 1.8%

CAL opened at $14.37 on Friday. The stock has a market cap of $484.84 million, a price-to-earnings ratio of -65.32 and a beta of 0.74. Caleres has a 1 year low of $8.80 and a 1 year high of $16.14. The stock has a fifty day moving average price of $12.62 and a 200 day moving average price of $12.34.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 11th will be given a dividend of $0.07 per share. 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 1.9%. Caleres’s dividend payout ratio (DPR) is presently -127.27%.

Insider Transactions at Caleres

In related news, insider Daniel R. Freidman sold 11,207 shares of Caleres stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $168,105.00. Following the completion of the sale, the insider owned 64,780 shares of the company’s stock, valued at approximately $971,700. This trade represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company’s stock.

Institutional Trading of Caleres

A number of institutional investors and hedge funds have recently made changes to their positions in CAL. Global Retirement Partners LLC acquired a new stake in shares of Caleres in the fourth quarter worth about $25,000. Osaic Holdings Inc. increased its stake in shares of Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,879 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Caleres by 1,032.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock worth $29,000 after purchasing an additional 2,199 shares during the period. Nomura Holdings Inc. bought a new position in shares of Caleres in the second quarter worth about $136,000. Finally, Entropy Technologies LP bought a new position in shares of Caleres in the third quarter worth about $150,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings raised Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Seaport Research Partners boosted their target price on Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Zacks Research raised Caleres from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Caleres currently has a consensus rating of “Moderate Buy”.

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.