Footwear retailer Caleres' Q2 sales beat estimates on gains across brands

Caleres

09/09/2026 11:57

Overview
U.S. footwear brand portfolio's Q2 sales rose 5.6% yr/yr, beating analyst expectations
Adjusted EPS exceeds Co's expectations
Famous Footwear sales declined 6.3%, impacted by later Back-to-School and weak lifestyle athletic demand

Outlook
Caleres expects Q3 net sales up low-single digits, GAAP EPS $0.62 to $0.70
Company sees full-year net sales up low-to-mid-single digits, GAAP EPS $2.80 to $2.95
Caleres raises lower end of full-year adjusted EPS guidance to $1.50-$1.65 from $1.40-$1.65

Result Drivers
BRAND PORTFOLIO GROWTH - Broad-based gains across brands, channels, and geographies drove strong sales and margin expansion in Brand Portfolio
TARIFF REFUNDS - Reported gross margin was boosted by $55.6 mln in tariff refunds; adjusted gross margin also improved
FAMOUS FOOTWEAR WEAKNESS - Sales declined due to a later Back-to-School season and weak demand for lifestyle athletic products

Company press release: ID:nBw6pvmCJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$695.45 mln
$686.73 mln (3 Analysts)
Q2 EPS
 
$1.71
 
Q2 Net Income
 
$59.42 mln
 
Q2 Basic EPS
 
$1.72
 
Q2 EBIT
 
$77.61 mln
 
Q2 Gross Profit
 
$380.98 mln
 
Q2 Pretax Profit
 
$77.73 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Caleres Inc is $17.00, about 41.3% above its September 8 closing price of $12.03
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)