earnings
confidence high
sentiment positive
materiality 0.80
Caleres Q2 adjusted EPS $0.47 beats; raises FY26 adjusted EPS guidance to $1.50-1.65
CALERES INC
- Q2 net sales $695.5M, up 5.6% YoY; Brand Portfolio up 23.6% (8.2% organic), Famous Footwear down 6.3%.
- GAAP EPS $1.71 vs $0.20; adjusted EPS $0.47 vs $0.35, including $55.6M tariff refunds.
- Adjusted gross margin up 340bps to 46.8%; Brand Portfolio adjusted gross margin 49.1%, up 880bps.
- FY26 adjusted EPS guidance raised to $1.50-1.65 from $1.40-1.65; Q3 GAAP EPS seen $0.62-0.70.
- Famous Footwear comps down 5.9% in Q2; quarter-to-date through Labor Day comps flat.