Caleres stock reports stronger Q2 earnings as brands grow

Published on 10/04/2026 at 21:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caleres stock delivered adjusted EPS of USD 0.47 in Q2 2026, up from USD 0.35 a year earlier. Revenue reached USD 695.5 million, up 5.6 percent.

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Caleres (ISIN US1295001044) stock closed at USD 12.22 on the NYSE on October 2, 2026, down 0.65 percent from USD 12.30. The company posted adjusted second-quarter earnings per diluted share of USD 0.47, compared with USD 0.35 a year earlier, making the latest operating update more important than the small daily price move.

Brand Portfolio drives growth

In its September 9, 2026 release, Caleres reported second-quarter net sales of USD 695.5 million for the 13 weeks ended August 1, 2026. Sales increased 5.6 percent year over year, while adjusted EPS rose 34.3 percent from USD 0.35 to USD 0.47.

The growth was concentrated in the Brand Portfolio division, where sales increased 23.6 percent year over year and 8.2 percent excluding Stuart Weitzman. Famous Footwear moved in the opposite direction, with sales down 6.3 percent and comparable sales down 5.9 percent for the same quarter.

Margins and guidance set the test

Caleres reported a GAAP gross margin of 54.8 percent in Q2 2026, up from 43.4 percent a year earlier. The company said USD 55.6 million of tariff refunds supported the result; excluding those refunds, adjusted gross margin still increased 340 basis points to 46.8 percent.

The release projects third-quarter 2026 GAAP EPS of USD 0.62 to USD 0.70 and full-year GAAP EPS of USD 2.80 to USD 2.95. Full-year adjusted EPS guidance is USD 1.50 to USD 1.65, compared with prior guidance of USD 1.40 to USD 1.65, while Famous Footwear sales and comparable sales are expected to decline by low-to-mid-single digits.

Consensus target stays above price

MarketScreener lists an Outperform consensus from 2 analysts and an average price target of USD 17.00. Against the October 2 price of USD 12.22, that target is 39.12 percent higher, although the consensus data does not remove the operating divide between Brand Portfolio growth and Famous Footwear weakness.

Stock remains below yearly high

Caleres stock was last at USD 12.22 on October 2, 2026, at 4:00 p.m. ET. The price stood 18.75 percent below its 52-week high of USD 15.04 and 38.86 percent above its 52-week low of USD 8.80.