Caleres Q4 Sales Rise 8.7% to $695M, GAAP Loss $0.70, Guides FY26 Low-Mid Single-Digit Growth
Caleres posted Q4 net sales of $695.1M, up 8.7% ($638.7M excluding Stuart Weitzman), and a GAAP loss per share of $0.70 after $39M in integration expenses. It anticipates Q1 2026 sales up mid-to-high single digits with adjusted EPS of $0.25–$0.30 and FY26 net sales growth of low-to-mid single digits.
1. Q4 Financial Results
Caleres delivered fourth-quarter net sales of $695.1 million, up 8.7% year-over-year and $638.7 million excluding Stuart Weitzman. The company recorded a GAAP loss per diluted share of $0.70 and an adjusted loss of $0.36, driven in part by $39 million in integration expenses.
2. Segment Performance
Brand Portfolio net sales rose 20.3% (1.5% excluding Stuart Weitzman), with market share gains in women’s fashion (+0.85%) and total footwear (+0.34%), while Famous Footwear net sales declined 1.2% with comparable sales up 0.1%. Direct-to-consumer channels accounted for approximately 74% of total net sales, sustaining double-digit e-commerce growth.
3. Stuart Weitzman Integration
The integration of Stuart Weitzman onto Caleres platforms was completed on time and on budget, with minimal business disruption. This deployment incurred $39 million of expenses during the quarter, contributing to the adjusted loss figure but positioning Stuart Weitzman toward breakeven profitability.
4. FY26 Guidance
Caleres expects first-quarter 2026 consolidated net sales growth of mid-to-high single digits with GAAP EPS of $0.21–$0.26 and adjusted EPS of $0.25–$0.30. For fiscal 2026, the company projects net sales up low-to-mid single digits and adjusted EPS of $1.35–$1.65, driven by tariff mitigation and profitability improvements.