Caleres updates earnings outlook while Caleres stock matches EUR 10.95 prior close

Published on 10/06/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share reached USD 0.47 in the second quarter, up from USD 0.35. Caleres stock costs EUR 10.95 on October 6, 2026 after EUR 10.95.

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Caleres (ISIN US1295001044) updated its full-year 2026 earnings outlook while Caleres stock matched the EUR 10.95 prior close at Lang & Schwarz on October 6, 2026 at 1:00 p.m. CEST. In its September 9, 2026 release, Caleres reported higher full-year GAAP earnings per diluted share guidance of USD 2.80 to USD 2.95 and adjusted guidance of USD 1.50 to USD 1.65.

Second-quarter earnings improved

For the second quarter of 2026, Caleres reported net sales of USD 695.5 million, up 5.6 percent from the second quarter of 2025. Adjusted earnings per diluted share rose to USD 0.47 from USD 0.35, while GAAP earnings per diluted share reached USD 1.71 versus USD 0.20 a year earlier, according to the Caleres release.

The improvement was heavily influenced by a USD 55.6 million tariff refund recovery. GAAP gross margin expanded to 54.8 percent from 43.4 percent in the second quarter of 2025, while adjusted gross margin rose to 46.8 percent from 43.4 percent.

Brand growth offsets Famous weakness

Brand Portfolio sales increased 23.6 percent in the second quarter of 2026, with organic growth of 8.2 percent. The segment's adjusted gross margin reached 49.1 percent, up 880 basis points from the prior-year quarter.

Famous Footwear remained the counterweight. Its sales declined 6.3 percent, and comparable sales fell 5.9 percent in the second quarter of 2026. Caleres expects third-quarter 2026 GAAP earnings per diluted share of USD 0.62 to USD 0.70, while third-quarter sales are projected to increase by low-single digits.

MarketBeat reported on October 1, 2026 that three analysts carried Hold ratings on the stock, while Wall Street Zen had upgraded its view from Hold to Buy on September 12, 2026, according to MarketBeat. The split reflects a stronger brand business alongside near-term pressure in the retail division.

Stock holds at EUR 10.95

Caleres stock was trading at EUR 10.95 at Lang & Schwarz on October 6, 2026 at 1:00 p.m. CEST, unchanged versus the Lang & Schwarz prior close of EUR 10.95 from October 5, 2026. The primary listing is on the NYSE, where the finance quote showed a market capitalization of USD 411.5 million and a 52-week range of USD 8.80 to USD 15.04 as of October 5, 2026.