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Caleres beat second-quarter adjusted earnings expectations: Sales rose 5.6% to $695 million and adjusted EPS increased to $0.47 from $0.35, driven by strong brand-portfolio growth and margin expansion despite weaker Famous Footwear sales.
The brand portfolio was the main growth engine: Organic sales rose 8.2%, while gross margin expanded 880 basis points to 49.1%. Stuart Weitzman integration progressed, with Caleres targeting break-even operating earnings for the brand in 2026.
Full-year guidance improved, but Famous Footwear remains pressured: Caleres raised the low end of its adjusted EPS outlook to $1.50–$1.65, while expecting Famous Footwear sales to decline low-to-mid single digits amid weakness in lifestyle athletic footwear, promotions and tariff uncertainty.