Caleres Inc
NYSE:CAL
Caleres Inc
Caleres, Inc. engages in the retail and wholesale of footwear. The company is headquartered in St. Louis, Missouri and currently employs 5,200 full-time employees. The Company’s activities include the operation of retail shoe stores and e-commerce websites, as well as the design, development, sourcing, manufacturing, marketing and wholesale distribution of footwear. Its segments include Famous Footwear and Brand Portfolio. The Famous Footwear segment is comprised of Famous Footwear, famousfootwear.com and famousfootwear.ca. The company operates approximately 894 stores, selling primarily branded footwear for the entire family. The Brand Portfolio segment is comprised of wholesale operations selling its branded footwear, and the retail stores and e-commerce sites associated with those brands. This segment sources, manufactures and markets licensed, branded and private-label footwear primarily to online retailers, national chains, department stores, mass merchandisers and independent retailers, as well as Company-owned Famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.
Caleres, Inc. engages in the retail and wholesale of footwear. The company is headquartered in St. Louis, Missouri and currently employs 5,200 full-time employees. The Company’s activities include the operation of retail shoe stores and e-commerce websites, as well as the design, development, sourcing, manufacturing, marketing and wholesale distribution of footwear. Its segments include Famous Footwear and Brand Portfolio. The Famous Footwear segment is comprised of Famous Footwear, famousfootwear.com and famousfootwear.ca. The company operates approximately 894 stores, selling primarily branded footwear for the entire family. The Brand Portfolio segment is comprised of wholesale operations selling its branded footwear, and the retail stores and e-commerce sites associated with those brands. This segment sources, manufactures and markets licensed, branded and private-label footwear primarily to online retailers, national chains, department stores, mass merchandisers and independent retailers, as well as Company-owned Famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.
Sales Growth: Caleres delivered year-over-year organic sales growth in Q3, with Brand Portfolio up 4.6% organically and 18.8% including Stuart Weitzman. Famous Footwear sales were down but in line with expectations.
Margin Pressure: Gross margin fell 140 basis points to 42.7% due to tariffs, higher costs, and inventory actions. Both Brand Portfolio and Famous Footwear saw margin declines.
Stuart Weitzman Integration: Newly acquired Stuart Weitzman was a drag on earnings in Q3, but management outlined a plan to reach breakeven in 2026 by reducing costs and improving operations after full integration.
Guidance & Outlook: For Q4, Caleres expects flat comp sales at Famous Footwear and flat to up 1% organic growth in Brand Portfolio. Full-year EPS is forecast at $0.55 to $0.60, or $1.15 to $1.25 excluding Stuart Weitzman.
Cost Actions: The company is actively working to lower SG&A and capture efficiencies, with more structural cost savings expected in 2026 as Stuart Weitzman is fully integrated.
Strong Brands & Channels: Premium brands and direct-to-consumer channels performed well, with owned eCommerce up double digits and international business showing robust growth.
