Caleres, Inc. (CAL) SEC Filings & Earnings Calls

Consumer demand weakness

“comparable sales declined 5.9% for the second quarter of 2026 driven by a decline in consumer traffic in our retail stores.”

Tariff policy uncertainty

“There remains substantial uncertainty regarding the potential changes or pauses to existing and newly announced tariffs, tariff levels, and whether additional tariffs or other reciprocal actions may be imposed, modified, or suspended.” · word for word

Famous Footwear margin pressure

“As a percentage of net sales, our gross profit decreased to 42.7% for the second quarter of 2026, from 43.7% for the second quarter of 2025, reflecting higher levels of clearance-related activity.” · word for word

Famous Footwear weakness persists with comparable sales down 5.9%.

“Famous Footwear sales declined 6.3%, with comparable sales down 5.9%.” · word for word

Tariff refunds boosted margins; sustainability uncertain.

“GAAP gross margin includes $55.6 million in tariff refunds.”

“Tariff volatility and the lack of clarity surrounding future trade policy developments have heightened uncertainty in the global economy. We source a majority of our products internationally.” · word for word

“Consumers remain impacted by elevated interest rates, persistent inflation, and expectations of future price increases, which have increased pressure on discretionary spending.” · word for word

Famous Footwear sales decline and softer consumer backdrop

“Famous Footwear sales declined 2.5%, with comparable sales down 2.3% amid a softer consumer and macroeconomic backdrop.” · word for word

Tariff cost exposure despite mitigation actions

“Tariff mitigation actions and lower current tariff rates cited as margin tailwinds, but tariff risk remains.”

No material risk; internal promotion with known track record.

“Karpel previously served as interim CFO and has over 30 years of experience.”

Tariff Impact on Gross Margins

“While tariffs negatively impacted gross margins in 2025, we anticipate full recovery in 2026.” · word for word

Volatile Retail Environment

“Fiscal 2025 was a challenging year marked by the impact of tariffs and a highly volatile retail environment.” · word for word

Famous Footwear Sales Decline

“Famous Footwear generated $1.5 billion in revenue for the year, down 3.6%, with comparable store sales down 2.3%.” · word for word

Brand Portfolio Operating Earnings Decline

“Brand Portfolio adjusted operating earnings of $55 million declined due to the impact of tariffs on our business, bad debt expense related to select wholesale customers, and the dilutive impact of the Stuart Weitzman acquisition.” · word for word

Stuart Weitzman Acquisition Dilution

“Brand Portfolio adjusted operating earnings of $55 million declined due to...the dilutive impact of the Stuart Weitzman acquisition.” · word for word

Tariff Impact on Gross Margins

“While tariffs negatively impacted gross margins in 2025, we anticipate full recovery in 2026.”

Volatile Retail Environment

“Fiscal 2025 was a challenging year marked by the impact of tariffs and a highly volatile retail environment.”

Famous Footwear Sales Decline

“Famous Footwear generated $1.5 billion in revenue for the year, down 3.6%, with comparable store sales down 2.3%.”

Brand Portfolio Operating Earnings Decline

“Brand Portfolio adjusted operating earnings of $55 million declined due to the impact of tariffs on our business, bad debt expense related to select wholesale customers, and the dilutive impact of the Stuart Weitzman acquisition.”

Stuart Weitzman Acquisition Dilution

“Brand Portfolio adjusted operating earnings of $55 million declined due to...the dilutive impact of the Stuart Weitzman acquisition.”

Tariff input cost pressure from geopolitical uncertainty; mitigation efforts key to FY2026 profit improvement.

“Profit improvement in 2026 will be driven primarily by our tariff mitigation efforts taking hold.” · word for word

Stuart Weitzman integration dilution; segment still loss-making with plan to reach breakeven in FY2026.

“Our plan to bring Stuart Weitzman to breakeven profitability.” · word for word

Consumer demand uncertainty; Famous Footwear sales decline despite positive comps.

“Famous Footwear sales declined 1.2%.” · word for word

CFO departure and potential customer bankruptcy (Saks Global) create near-term uncertainty.

“CFO stepping down; Saks Global bankruptcy could impact Q4 results; possible restructuring charges.”

Tariff exposure and margin compression

“Despite these actions, we have been subject to tariffs ranging from 19% to 50% and price increases from our vendors.” · word for word

Consumer traffic decline

“We continued to experience less consumer traffic in our Famous Footwear retail stores during the third quarter, resulting in lower net sales.” · word for word

High leverage from acquisition

“Our debt-to-capital ratio was 36.2% as of November 1, 2025, compared to 28.2% as of November 2, 2024 and 26.6% at February 1, 2025.” · word for word

Tariff pressure on gross margin.

“We expect continued tariff pressure on gross margin” · word for word

Acquisition dilution from Stuart Weitzman.

“earnings dilution from Stuart Weitzman” · word for word