Footwear retailer Caleres Q1 sales beat on Brand Portfolio strength

Caleres

04/06/2026 11:55

Overview
U.S. footwear retailer's Q1 sales rose 8.5%, beating analyst expectations
Adjusted EPS for Q1 increased to $0.38, exceeding company guidance
Famous Footwear sales declined 2.5%, Brand Portfolio sales grew 20.6%

Outlook
Caleres sees Q2 net sales up mid-to-high-single digits and GAAP EPS of $0.32-$0.38
Company expects full-year net sales up low-to-mid-single digits and GAAP EPS of $1.44-$1.69
Famous Footwear sales and comparable sales expected down mid-single digits in Q2 and low-to-mid-single digits for 2026

Result Drivers
BRAND PORTFOLIO GROWTH - Brand Portfolio sales rose 20.6%, with organic growth of 5.8%, driven by broad-based gains across channels and geographies, and outperformance from lead brands and Stuart Weitzman
GROSS MARGIN EXPANSION - Gross margin improved by 200 basis points, supported by favorable mix and tariff mitigation actions
FAMOUS FOOTWEAR DECLINE - Famous Footwear sales fell 2.5% amid a softer consumer and macroeconomic backdrop, though e-commerce grew and FLAIR stores outperformed

Company press release: ID:nBw41k6xza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$666.6 mln
$657.60 mln (3 Analysts)
Q1 EPS
 
$0.42
 
Q1 Net Income Attributable To Co
 
$14.28 mln
 
Q1 Basic EPS
 
$0.42
 
Q1 EBIT
 
$23.87 mln
 
Q1 Gross Profit
 
$315.47 mln
 
Q1 Pretax Profit
 
$20.35 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 $15.00, about 6.2% above its June 3 closing price of $14.12
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)