CFO Calandra departs; Dan Karpel interim CFO; Saks bankruptcy risks Q4 EPS up to $0.06.

CALERES INC

Jack Calandra, SVP and CFO, steps down Jan 15, 2026; employment ends Jan 30; departure not due to any disagreement.
Dan Karpel (SVP, CAO) appointed interim CFO effective Jan 21; external search for permanent successor underway.
Saks Global bankruptcy could reduce Q4 diluted EPS by up to $0.06; potential restructuring charges not previously guided.
Excluding those impacts, Q4 and fiscal 2025 sales and EPS outlook remain in line with Dec 9, 2025 guidance.

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