Caleres 1Q 2026: Revenue $666.6M, EPS $0.42— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Caleres reported Q1 2026 results with net sales up 8.5% to $666.6M and diluted EPS doubling to $0.42, driven by a 20.6% surge in the Brand Portfolio, including Stuart Weitzman. Net earnings rose 131.2% to $13.75M. Gross margin improved to 47.3% due to tariff mitigation and lower markdowns. Direct-to-consumer remains the primary channel at 67% of sales.
Caleres reported first-quarter 2026 results with consolidated net sales up 8.5% year over year to $666.6M and diluted EPS of $0.42, compared with $0.21 in the prior-year quarter; net earnings rose to $13.75M from $5.95M a year earlier.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $666.6M | $614.22M | 8.5% |
| Net income² | $13.75M | $5.95M | 131.2% |
| Diluted EPS³ | $0.42 | $0.21 | 100% |
¹ Reported as “Net sales”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per common share attributable to Caleres, Inc. shareholders”.
Business Highlights
- Revenue growth was driven by the Brand Portfolio, which rose 20.6% as the Stuart Weitzman acquisition and organic growth contributed; Stuart Weitzman added $43.9M in the quarter.
- Direct-to-consumer remained the largest channel at about 67% of sales; Famous Footwear e-commerce penetration rose to 16% and Brand Portfolio DTC reached 36%.
- Operational moves included opening one Famous Footwear store and closing 10, expanding Brand Portfolio company-operated stores (85 in North America, 99 in East Asia) and reporting unfilled wholesale orders of $346.5M.
- Gross margin improved to 47.3% due to tariff mitigation, lower markdowns and a favorable mix, while Famous Footwear experienced higher clearance activity that pressured its margins.
Original SEC Filing: CALERES INC [ CAL ] - 10-Q - Jun. 09, 2026