CALERES INC — Form 8-K
Filed September 9, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Caleres reported Q2 2026 net sales of $695.5M (+5.6% YoY), with Brand Portfolio sales up 23.6% (8.2% organic) and Famous Footwear down 6.3%. GAAP gross margin expanded 1,140 bps to 54.8%, driven by a $55.6M tariff refund; adjusted gross margin rose 340 bps to 46.8%. GAAP EPS was $1.71 vs $0.20 prior year; adjusted EPS $0.47 vs $0.35. Full-year 2026 guidance raised to $2.80–$2.95 GAAP EPS and $1.50–$1.65 adjusted EPS (prior: $1.40–$1.65).
Why this rating
Tariff windfall ($55.6M = 13% of market cap) masks underlying weakness in Famous Footwear. Adjusted EPS guidance raise modest. Material but one-time benefit; normalized business shows mixed momentum.
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