NYSE$CAL
Caleres Inc · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Caleres reported first quarter 2026 net sales of $667 million, up 8.5%, with adjusted EPS of $0.38 exceeding guidance.
Caleres delivered first quarter net sales of $666.6 million, an 8.5% increase year-over-year, driven by 20.6% growth in Brand Portfolio partially offset by a 2.5% decline at Famous Footwear. GAAP diluted EPS reached $0.42 and adjusted diluted EPS was $0.38, both ahead of expectations, supported by 200 basis points of gross margin expansion to 47.3%. The company provided updated full-year guidance reflecting continued momentum in Brand Portfolio and tariff mitigation efforts.
- Net sales rose 8.5% to $666.6 million, with Brand Portfolio organic sales up 5.8% and Famous Footwear comparable sales down 2.3%.
- Gross margin expanded 200 bps to 47.3%, led by a 520 bps improvement in Brand Portfolio gross margin to 49.0%.
- GAAP EPS of $0.42 and adjusted EPS of $0.38 both exceeded guidance; net earnings attributable to Caleres were $14.3 million.
- Full-year 2026 guidance raised to GAAP EPS of $1.44-$1.69 and adjusted EPS of $1.40-$1.65 on low-to-mid-single digit sales growth.
Headline financials
Revenue & EPS history
Caleres · Revenue · Quarterly
$667M
Revenue by segment
Caleres · $676M total across 2 segments · Q1 2026
- Brand Portfolio$356M—52.7%
- Famous Footwear$319M—47.3%
Forward guidance
Q2 2026 sales expected up mid-to-high-single digits with GAAP EPS of $0.32-$0.38; full-year sales up low-to-mid-single digits with GAAP EPS $1.44-$1.69 and adjusted EPS $1.40-$1.65.
Tailwinds
- Brand Portfolio sales expected up mid-twenties percent in Q2 with low-double-digit organic growth
- Consolidated gross margin expected to improve 345-375 bps in Q2 and 220-260 bps for full year
- Full-year adjusted EPS guidance raised to $1.40-$1.65
Headwinds
- Famous Footwear sales and comps expected down mid-single digits in Q2 and low-to-mid-single digits for full year
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+1.0%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+2.8%
Avg return
30 days after
54%
33 / 61 earnings
Positive
+32.5%
Q2 2020
Best reaction
-18.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -2.6% | — | |
| 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 2013 | +3.2% | — | — | |
| Q1 2012 | +3.2% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q4 2012 | -3.7% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q3 2011 | -2.6% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q1 2011 | -2.5% | — | — |
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