Caleres Q2 FY26 GAAP EPS swings to profit at $1.71; net sales rise 5.6% to $695.5 million
CAL•Outlook
- Forecast calls for Q3 GAAP EPS of USD 0.62-0.70, with net sales up low-single digits and gross margin up 150-200 bps.
Quarterly results
- Caleres posted Q2 2026 net earnings of USD 58.6 million, swinging from USD 6.7 million, with GAAP EPS of USD 1.71.
- Net sales rose 5.6% to USD 695.5 million, while gross margin widened 11.4 percentage points to 54.8%.
- Gross margin expansion was fueled by USD 55.6 million of tariff refunds.
Business segment performance
- Famous Footwear net sales fell 6.3% with comparable sales down 5.9%.
- Brand Portfolio net sales climbed 23.6%, with management citing broad-based gains and market-share gains in women’s fashion footwear.
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