The modest EPS beat and raised FY guidance low end support a positive near-term bias, but the tepid organic growth and Famous Footwear weakness limit upside. Watch for tariff mitigation margin expansion in Q2 and continued Brand Portfolio momentum.
Price Chart
Executive Summary
Caleres reported Q1 2026 adjusted EPS of $0.38, beating consensus of $0.37, and raised the low end of FY2026 adjusted EPS guidance to $1.40-$1.65 from $1.35-$1.65. Revenue of $666.6M (+8.5% YoY) was in line with estimates, driven by Brand Portfolio growth (+20.6%) partially offset by a 2.5% decline at Famous Footwear. The beat reflects gross margin expansion and cost control, but organic growth excluding Stuart Weitzman was only 1.4%.
Key Financial Metrics
Key Facts
- Q1 2026 net sales $666.6M (+8.5% YoY, in line with $667.0M consensus)
- Adjusted EPS $0.38 vs. consensus $0.37 (beat by ~2.7%) vs. $0.22 YoY
- FY2026 adjusted EPS guidance raised to $1.40-$1.65 (from $1.35-$1.65); revenue guidance maintained at low-to-mid-single-digit growth
- Brand Portfolio sales +20.6% (+5.8% organic); Famous Footwear -2.5% (comps -2.3%)
- Consolidated gross margin expanded 200 bps to 47.3%; Brand Portfolio gross margin +520 bps to 49.0%
- Operating earnings $23.9M vs. $11.6M YoY; GAAP diluted EPS $0.42 vs. $0.21 YoY
Financial Impact
Adjusted EPS beat consensus by $0.01 (2.7%); revenue slightly below consensus by $0.4M (0.06%)
Risk Factors
- Tariff uncertainty and consumer spending slowdown could pressure margins
- Famous Footwear declines may accelerate if macro weakens
- Integration of Stuart Weitzman still weighs on profitability (operating loss of $1.4M in Q1)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000014707-26-000080 |
| Document: cal-20260604x8k.htm | 0000014707-26-000080 |
| Document: 0000014707-26-000080-index-headers.html | 0000014707-26-000080 |
| Document: 0000014707-26-000080-index.html | 0000014707-26-000080 |
| Document: 0000014707-26-000080.txt | 0000014707-26-000080 |
| 8-K Data (Synthetic) | 0000014707-26-000080 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 6w ago | 8-K | $12.15 | awaiting T+60 | — | $12.92 (+6.34%) |
Jun 4, 2026 20w ago | 8-K | $14.21 $12.48 | ▼ −12.17% | ▼ −14.06% | $12.92 (−9.08%) |
May 20, 2026 22w ago | 8-K | $12.14 $13.37 | ▲ +10.13% | ▲ +5.13% | $12.92 (+6.43%) |
Apr 16, 2026 27w ago | DEFA14A | $12.81 $11.84 | ▼ −7.57% | ▼ −14.62% | $12.92 (+0.86%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers