Caleres, Inc. (CAL) Earnings Call Transcripts

Caleres, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2026, Caleres, Inc. reported sales of $667 million, up 8.5% year-over-year, with earnings per share (EPS) of $0.38, exceeding last year's $0.22. The Brand Portfolio segment showed strong performance with organic sales growth of 5.8%, while Famous Footwear faced challenges, with sales down 2.5%. Management maintained guidance for the full year, projecting consolidated sales growth of low to mid-single digits, with a notable increase in gross margin expectations driven by improved brand and channel mix.

Reported metrics

Guidance from management

For Q2, management expects consolidated sales to increase mid- to high single digits, with Brand Portfolio sales up in the mid-20s percent range. For the full year, they project consolidated sales growth of low to mid-single digits.

What management said

Well, I think that we're seeing a lot of strength in our Brand Portfolio, and we continue to see optimism on all of the strategies coming through and don't see that really slowing down materially. And then over at Famous and Dan can fill in the fact numbers here, but we're trying to keep it more realistic to where our current trend is just to make sure that we don't -- we've kind of got all the things looked at appro...

No, I think that's exactly right, Jay. Just to add a little bit of color. As we said in February, we saw positive store-for-store comps. And then we had seen a decline in that March, April period. We've continued to be thoughtful about that guide on the Famous side of the business, so that we ensure we're managing the business, controlling inventory, things of that nature. And offsetting that was the strength that yo...

What analysts pressed on

Analysts expressed concerns about the softness in Famous Footwear's sales and the potential impact of rising tariffs on margins. There was also discussion regarding the economic environment and its effects on consumer behavior, particularly in the back-to-school season.

Main topics on the call

• Strong Brand Portfolio Performance — The Brand Portfolio segment saw organic sales increase by 5.8%, with lead brands growing 7%. Management noted, "the quarter demonstrated the power of our strategic growth sectors with broad growth across channels and geo...
• Famous Footwear Challenges — Famous Footwear reported a 2.5% decline in sales, attributed to a softer consumer environment. Management stated, "accelerated inflation put pressure on consumer traffic and sales, especially as we moved into April."
• Gross Margin Expansion — Consolidated gross margin improved to 47.3%, up 200 basis points year-over-year, driven by the Brand Portfolio's strong performance. Management highlighted, "Brand Portfolio gross margin was 49%, up 520 basis points to l...
• E-commerce Growth — E-commerce sales at Famous Footwear increased nearly 10%, indicating a shift in consumer purchasing behavior. Management emphasized, "we continue to see strong e-commerce growth with sales up nearly 10%."

Read the full Caleres, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Caleres, Inc. earnings call transcripts on record, spanning March 12, 2020 to June 4, 2026. Based on this history, Caleres, Inc. reports quarterly. The most recent call on file is dated June 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CAL

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

27

First call

March 12, 2020

Most recent

June 4, 2026

Reporting cadence

quarterly