How did Caleres (NYSE:CAL) perform in Q1 2026?

Caleres reported consolidated net sales of $667 million, up 8.5% year-over-year. The Brand Portfolio drove growth with a 20.6% sales increase and 5.8% organic growth, while the Famous Footwear retail segment declined 2.5%, showing a split in performance across its business units.

What were Caleres’ earnings for Q1 2026?

The company posted GAAP EPS of $0.42 and adjusted EPS of $0.38, reflecting profitability supported mainly by its Brand Portfolio segment despite softness in its retail operations.

Which segments contributed most to growth?

The Brand Portfolio, including Lead Brands and Stuart Weitzman, drove growth both domestically and internationally, expanding market share in women’s fashion footwear. In contrast, Famous Footwear stores faced sales declines, showing a contrast between wholesale and retail performance.

How did Caleres’ retail operations perform?

The Famous Footwear segment declined 2.5% in sales and saw comparable sales fall 2.3%, highlighting challenges in the brick-and-mortar footprint amid a stronger Brand Portfolio performance.

What guidance did Caleres provide for Q2 2026?

For Q2, Caleres expects mid-to-high-single-digit sales growth and GAAP EPS between $0.32 and $0.38, signaling continued momentum in its Brand Portfolio while accounting for ongoing retail headwinds.

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Caleres reports Q1 2026 growth driven by strong brand portfolio performance

Written by Liezl GambePublished Jun. 4 2026Last Updated Jun. 4 2026

Caleres (NYSE:CAL), a portfolio of consumer-driven footwear brands, reported financial results for the first quarter of 2026 today, highlighted by a significant performance gap between its wholesale brand operations and its retail footprint.

The company achieved consolidated net sales of $667 million for the period, marking an 8.5% increase compared to the prior year.

The company's Brand Portfolio served as the primary engine of growth, reporting a sales increase of 20.6% and organic sales growth of 5.8%.

Management noted broad-based strength across this segment, with gains occurring both domestically and internationally.

Performance within the Brand Portfolio was anchored by the continued outperformance of the company's "Lead Brands," alongside the Stuart Weitzman segment, which exceeded internal expectations for the quarter.

These results helped the company expand its market share in the total footwear category, specifically within the women’s fashion footwear and shoe chain channels.

In contrast, the Famous Footwear retail segment faced headwinds, with sales declining 2.5% and comparable sales down 2.3% for the quarter.

The company reported GAAP earnings per diluted share of $0.42, while adjusted earnings per diluted share came in at $0.38.

Following the first-quarter results, Caleres updated its financial outlook for the remainder of the year.

For the second quarter of 2026, the company expects consolidated net sales to increase in the mid-to-high-single digits, with GAAP earnings per diluted share projected to be between $0.32 and $0.38.

For the full year 2026, Caleres maintains a positive trajectory, forecasting consolidated net sales to rise in the low-to-mid-single digits.

The company increased its full-year guidance for adjusted earnings per diluted share to a range of $1.40 to $1.65, up from its prior outlook of $1.35 to $1.65.

GAAP earnings per diluted share for the full year are expected to range from $1.44 to $1.69.