Caleres Q4 EPS Seen at $0.43 with $0.06 Saks Drag, Sales +6.4%
Caleres forecasts Q4 EPS of $0.43, reflecting a $0.06-per-share Saks bankruptcy drag, on sales guided 6.4% higher to $680 million versus $688 million consensus. The Stuart Weitzman acquisition adds $55–$60 million, lifting portfolio 18%, while Famous Footwear sales fall 2.6% and China DTC volatility prompts new leadership for 2026 break-even.
1. Q4 EPS and Sales Guidance
Caleres forecasts fourth-quarter earnings per share of $0.43, up from $0.33 a year ago and above the $0.38 consensus. Management guides sales to $680 million, a 6.4% increase year-over-year, slightly below the $688 million consensus estimate.
2. Saks Bankruptcy Drag and Potential Charges
The Chapter 11 filing by Saks Global is expected to reduce fourth-quarter EPS by $0.06 per share. Caleres also acknowledges the possibility of incurring an additional restructuring charge not previously disclosed.
3. Stuart Weitzman Acquisition and Brand Performance
The acquisition of Stuart Weitzman last August contributed $55 million to $60 million in Q4 revenue, driving an 18% expansion of the portfolio. Famous Footwear sales declined 2.6%, prompting a shift toward premium brands and the pruning of underperforming fashion labels.
4. China Volatility, Tariff Pressures and Leadership Changes
Caleres has implemented new leadership in its China direct-to-consumer segment after significant volatility, targeting break-even performance by 2026. The company anticipates fourth-quarter gross margin headwinds from tariffs before improvements in 2026, and plans to update progress on its CFO search during the conference call.