CAL earnings analysis
What we found in CAL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Caleres has reported solid results for Q1 2026, with revenues of $666.6 million and EPS of $0.38, both above market expectations. The company's gross margin improved to 45.4%, indicating positive operational efficiencies, despite ongoing pressures in some segments. Management forecasts mid-to-high single-digit increases in Q2 consolidated sales, reflecting expectations for continued growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Consensus
- Actual Q1 revenue was $666.6 million, surpassing the estimate of $655.7 million.
- EPS Beat Estimates
- Reported EPS for Q1 2026 was $0.38, exceeding the estimate of $0.30.
- Improved Gross Margin
- Gross margin for Q1 2026 increased to 45.4%, up from 44.1% in the prior quarter.
- Segment Growth in Brand Portfolio
- The Brand Portfolio segment reported growth, although detailed figures were not disclosed.
- Raised Guidance for Future Sales
- Management expects Q2 2026 consolidated sales to increase mid-to-high single digits.
- Continued Positive Cash Flow Generation
- Cash flow for Q2 is projected to remain positive following a $34 million free cash flow in Q2 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Challenges in Famous Footwear
- Ongoing issues in the Famous Footwear segment remain a concern for sales growth.
- High Selling and Administrative Expenses
- Increased costs in selling and administration could pressure future margins.
- Potential Legal Proceedings
- The company is involved in ordinary legal issues that could impact financials, though not currently expected to be material.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.38
- Gross margin
- 45.4%
- Operating margin
- 1.9%
What they said about what is next.
Management anticipates mid-to-high single-digit increases in consolidated net sales for Q2 2026.
The filing reads better than the one before it.
What came before.
- 10-K · April 2, 2026
- Caleres reported net sales of $2,757.9 million in 2025, up $35.2 million (+1.3%) versus 2024, driven by Brand Portfolio growth and the August 4, 2025 Stuart Weitzman acquisition. Profitability deteriorated in 2025:…
- 10-Q · December 11, 2025
- Caleres reported consolidated net sales of $790.1 million for the quarter ended November 1, 2025, up $49.2 million or 6.6% year-over-year, driven by Brand Portfolio strength and the August 4, 2025 Stuart Weitzman…
- 10-K · April 1, 2025
- Caleres describes a 'One Caleres' omni-channel strategy focused on growing direct-to-consumer sales and expanding its Brand Portfolio (including the Feb 2025 definitive agreement to acquire Stuart Weitzman for $105…
- 10-Q · December 11, 2024
- Caleres reported third-quarter net sales of $740.9 million, down $21.0 million (2.8%) versus $761.9 million a year ago, with consolidated gross margin at 44.1% (down from 44.7%) and diluted EPS of $1.19 (down $0.13, or…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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