NYSE$CAL

Caleres Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Caleres reported Q1 2025 results with revenue and earnings below expectations.

Caleres posted lower revenue and earnings in Q1 2025 due to weaker sales in both segments and reduced gross margins. Despite underperformance, momentum improved toward the end of the quarter.

  • Revenue declined 6.8% year-on-year to $614.2 million.
  • EPS was $0.21; adjusted EPS came in at $0.22.
  • Net income dropped to $6.9 million from $30.9 million in Q1 2024.
  • Gross margin fell 150 basis points to 45.4%, driven by inventory-related costs and weaker sales.

Headline financials

Total Revenue

$614M

Previous: $659M-6.8%
EPS (adj)

$0.22

Previous: $0.88-75.0%
Gross Margin

45.4%

No prior period
Famous Footwear Gross Margin

45.3%

No prior period
Brand Portfolio Gross Margin

43.8%

No prior period
Famous Footwear Comp Sales

-4.6%

No prior period
SG&A Expense Ratio

43.4%

No prior period
Capital Expenditures

-$20.5M

Previous: -$9.8M-109.6%
Net Income

$6.94M

Previous: $30.9M-77.6%
Operating Income

$11.6M

Previous: $42.8M-72.9%
Gross Profit

$279M

Previous: $309M-9.8%

Revenue & EPS history

Caleres · Revenue · Quarterly

$614M

Q1 2025-6.8%vs Q1 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Caleres suspended guidance for fiscal 2025 due to macroeconomic uncertainty.

Tailwinds

  • International business showed growth.
  • Improved sales momentum in March and April.
  • Structural cost-cutting will reduce SG&A by $15 million annually.
  • Focus on optimizing sourcing strategy.
  • Company remains confident in long-term strategic execution.

Headwinds

  • Weak February sales hurt quarterly performance.
  • Overall Q1 results fell short of expectations.
  • Lower gross margins impacted earnings.
  • Inventory-related costs pressured profitability.
  • Operating environment has become more challenging.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.0%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.8%

Avg return

30 days after

53%

32 / 60 earnings

Positive

+32.5%

Q2 2020

Best reaction

-18.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.1%+29.2%+54.7%
Q3 2025-5.4%-1.4%+2.6%
Q2 2025-4.8%+2.0%-4.3%
Q1 2025-18.1%-18.4%-23.4%
Q4 2024+2.7%+5.4%-6.9%
Q3 2024-18.1%-18.8%-34.1%
Q2 2024-14.6%-11.8%-12.2%
Q1 2024-5.5%-7.6%-8.4%
Q4 2023+3.3%+4.4%-10.1%
Q3 2023+4.3%+5.0%+13.0%
Q2 2023+20.6%+13.1%+16.3%
Q1 2023+11.4%+23.2%+38.6%
Q4 2022+2.5%-3.6%-5.2%
Q3 2022-9.6%-10.7%-21.8%
Q2 2022-16.9%-11.6%-16.6%
Q1 2022+21.2%+32.1%+18.9%
Q4 2021+9.2%+6.2%+10.3%
Q3 2021-4.1%+1.0%-20.4%
Q2 2021+3.1%-2.4%-10.6%
Q4 2020-1.3%-0.5%+27.4%
Q3 2020+2.5%+8.3%+9.1%
Q2 2020+32.5%+26.2%+25.5%
Q1 2020+19.3%+18.4%-5.5%
Q4 2019-17.9%-61.5%-35.6%
Q3 2019+2.7%-1.1%+6.3%
Q2 2019+26.8%+35.1%+58.6%
Q1 2019+4.9%+2.7%+2.0%
Q4 2018-8.9%-8.9%+6.7%
Q3 2018-11.8%-9.6%-13.2%
Q2 2018-8.2%-11.3%-17.0%
Q1 2018-3.4%-2.1%-3.9%
Q4 2017+13.3%+12.2%+22.5%
Q3 2017-1.7%-3.6%+8.0%
Q2 2017+4.9%+9.0%+20.1%
Q1 2017+8.6%+10.8%+5.1%
Q4 2016-10.8%-16.9%-16.9%
Q3 2016+19.0%+21.0%+22.6%
Q2 2016+0.8%-3.8%-4.4%
Q1 2016+18.4%+13.9%+10.3%
Q4 2015-8.2%
Q3 2015+2.2%
Q2 2015+6.1%
Q1 2015+5.0%
Q4 2014+1.7%
Q3 2014-1.7%
Q2 2014-4.6%
Q1 2014-0.0%
Q4 2013-2.2%
Q3 2013-2.8%
Q2 2013+2.5%
Q1 2012+3.2%
Q1 2013+3.2%
Q4 2010-3.7%
Q4 2012-3.7%
Q3 2011-2.6%
Q3 2012-2.6%
Q2 2011+0.7%
Q2 2012+0.7%
Q4 2011+0.7%
Q1 2011-2.5%

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