earnings
confidence high
sentiment positive
materiality 0.75
Caleres Q1 net sales up 8.5%, EPS beat; raises full-year adjusted EPS guidance
CALERES INC
- Net sales $666.6M (+8.5% YoY); GAAP EPS $0.42, adjusted EPS $0.38 vs prior guidance.
- Brand Portfolio sales +20.6% (organic +5.8%); Famous Footwear sales -2.5%, comps -2.3%.
- Gross margin 47.3% (+200 bps YoY); Brand Portfolio gross margin 49.0% (+520 bps).
- Full-year GAAP EPS guidance $1.44–$1.69; adjusted EPS $1.40–$1.65 (prev. $1.35–$1.65).
- Q2 outlook: net sales up mid-to-high-single digits; GAAP EPS $0.32–$0.38.