Caleres (CAL)
Market Price (10/9/2026): $12.41 | Market Cap: $405.4 MilSector: Consumer Discretionary | Industry: Apparel Retail
Caleres (CAL)
Market Price (10/9/2026): $12.41Market Cap: $405.4 MilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 15% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Online Marketplaces, Show more. | Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -137% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 204% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% Key risksCAL key risks include [1] sharply deteriorating financial performance, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 15% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Online Marketplaces, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -137% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 204% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% |
| Key risksCAL key risks include [1] sharply deteriorating financial performance, Show more. |
Qualitative Assessment
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Caleres (CAL) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Performance and Cautious Outlook.
Caleres reported mixed results for its fiscal second quarter 2026, which ended July 31, 2026. The company's adjusted earnings per diluted share of $0.47 exceeded analyst consensus estimates of $0.37 to $0.38. However, net sales of $695.5 million, despite a 5.6% year-over-year increase, fell short of the $702.49 million consensus estimate. Furthermore, Caleres issued fiscal Q3 2026 GAAP earnings per diluted share guidance of $0.62 to $0.70, which was below the analyst consensus of $0.83, signaling a more cautious near-term outlook. This combination of an earnings beat, a revenue miss, and lowered Q3 guidance contributed to the stock remaining largely at the same level as investors weighed the positive and negative aspects.
2. Divergent Performance of Key Business Segments.
The overall stable stock movement was influenced by contrasting performances within Caleres's two primary segments during fiscal Q2 2026. The Brand Portfolio, encompassing brands like Sam Edelman and Stuart Weitzman, demonstrated strong growth, with sales increasing 23.6% (8.2% organically) and significant gross margin expansion. This segment also gained market share in women's fashion footwear. Conversely, the Famous Footwear segment experienced a 6.3% decline in sales, with comparable sales down 5.9%. This weaker performance was attributed to a later back-to-school season and softness in lifestyle athletic categories, alongside increased promotional activity across the industry. The robust growth in one segment offsetting the challenges in the other resulted in a relatively balanced impact on the company's overall financial picture and stock valuation.
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Caleres (CAL) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Performance and Cautious Outlook.
Caleres reported mixed results for its fiscal second quarter 2026, which ended July 31, 2026. The company's adjusted earnings per diluted share of $0.47 exceeded analyst consensus estimates of $0.37 to $0.38. However, net sales of $695.5 million, despite a 5.6% year-over-year increase, fell short of the $702.49 million consensus estimate. Furthermore, Caleres issued fiscal Q3 2026 GAAP earnings per diluted share guidance of $0.62 to $0.70, which was below the analyst consensus of $0.83, signaling a more cautious near-term outlook. This combination of an earnings beat, a revenue miss, and lowered Q3 guidance contributed to the stock remaining largely at the same level as investors weighed the positive and negative aspects.
2. Divergent Performance of Key Business Segments.
The overall stable stock movement was influenced by contrasting performances within Caleres's two primary segments during fiscal Q2 2026. The Brand Portfolio, encompassing brands like Sam Edelman and Stuart Weitzman, demonstrated strong growth, with sales increasing 23.6% (8.2% organically) and significant gross margin expansion. This segment also gained market share in women's fashion footwear. Conversely, the Famous Footwear segment experienced a 6.3% decline in sales, with comparable sales down 5.9%. This weaker performance was attributed to a later back-to-school season and softness in lifestyle athletic categories, alongside increased promotional activity across the industry. The robust growth in one segment offsetting the challenges in the other resulted in a relatively balanced impact on the company's overall financial picture and stock valuation.
3. Impact of Tariff Refunds and Future Tariff Anticipation.
Caleres's reported fiscal Q2 2026 results included a notable benefit from tariff refunds, with $55.6 million recognized as a reduction in cost of sales, leading to a substantial 1,140 basis point expansion in GAAP consolidated gross margin. These refunds were excluded from adjusted results for comparability. While these refunds positively impacted GAAP profitability, management also indicated that "new tariffs will be enacted during the third quarter" of fiscal 2026. The positive, one-time boost from past tariff refunds was counterbalanced by the expectation of new tariff-related cost pressures in the upcoming fiscal quarter, contributing to a static stock trend as investors considered both the short-term gain and potential future headwinds.
4. Broader Retail Headwinds and Consumer Price Sensitivity.
The general retail environment and evolving consumer behavior also played a role in Caleres's stock trend. The footwear market is experiencing growth driven by e-commerce, sustainability, and athleisure trends. However, consumers are increasingly price-sensitive and value-seeking, with spending on apparel, accessories, and footwear reportedly down 3% year-over-year. Caleres's CEO noted operating in a "dynamic" environment. The softness observed in the Famous Footwear segment, attributed to a shift away from lifestyle athletic and increased promotional activity, reflects these broader macroeconomic factors impacting consumer spending and demand for certain categories. These overarching retail challenges likely tempered investor enthusiasm, limiting significant upward movement for the stock.
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Stock Movement Drivers
Fundamental Drivers
The 1.1% change in CAL stock from 6/30/2026 to 10/8/2026 was primarily driven by a 7982.4% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.30 | 12.43 | 1.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,810 | 2,847 | 1.3% |
| Net Income Margin (%) | 0.0% | 1.8% | 7982.4% |
| P/E Multiple | 624.8 | 7.7 | -98.8% |
| Shares Outstanding (Mil) | 33 | 33 | -0.1% |
| Cumulative Contribution | 1.1% |
Market Drivers
6/30/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| CAL | 1.1% | |
| Market (SPY) | 3.6% | 39.5% |
| Sector (XLY) | -4.7% | 56.5% |
Fundamental Drivers
The 19.2% change in CAL stock from 3/31/2026 to 10/8/2026 was primarily driven by a 137.9% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.42 | 12.43 | 19.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,702 | 2,847 | 5.4% |
| Net Income Margin (%) | 0.8% | 1.8% | 137.9% |
| P/E Multiple | 16.2 | 7.7 | -52.2% |
| Shares Outstanding (Mil) | 33 | 33 | -0.4% |
| Cumulative Contribution | 19.2% |
Market Drivers
3/31/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| CAL | 19.2% | |
| Market (SPY) | 19.3% | 37.9% |
| Sector (XLY) | 2.7% | 55.8% |
Fundamental Drivers
The -2.5% change in CAL stock from 9/30/2025 to 10/8/2026 was primarily driven by a -18.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.75 | 12.43 | -2.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,653 | 2,847 | 7.3% |
| Net Income Margin (%) | 2.3% | 1.8% | -18.4% |
| P/E Multiple | 6.9 | 7.7 | 11.9% |
| Shares Outstanding (Mil) | 32 | 33 | -0.5% |
| Cumulative Contribution | -2.5% |
Market Drivers
9/30/2025 to 10/8/2026| Return | Correlation | |
|---|---|---|
| CAL | -2.5% | |
| Market (SPY) | 17.1% | 39.4% |
| Sector (XLY) | -6.2% | 52.6% |
Fundamental Drivers
The -54.7% change in CAL stock from 9/30/2023 to 10/8/2026 was primarily driven by a -64.6% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.42 | 12.43 | -54.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,853 | 2,847 | -0.2% |
| Net Income Margin (%) | 5.2% | 1.8% | -64.6% |
| P/E Multiple | 6.3 | 7.7 | 22.2% |
| Shares Outstanding (Mil) | 34 | 33 | 4.9% |
| Cumulative Contribution | -54.7% |
Market Drivers
9/30/2023 to 10/8/2026| Return | Correlation | |
|---|---|---|
| CAL | -54.7% | |
| Market (SPY) | 87.3% | 39.0% |
| Sector (XLY) | 42.0% | 45.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CAL Return | 47% | -1% | 39% | -24% | -46% | 4% | -14% |
| Peers Return | 51% | -28% | 11% | 45% | -12% | 4% | 60% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| CAL Win Rate | 58% | 42% | 75% | 50% | 42% | 60% | |
| Peers Win Rate | 63% | 40% | 55% | 50% | 47% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CAL Max Drawdown | -27% | -35% | -36% | -49% | -58% | -37% | |
| Peers Max Drawdown | -28% | -48% | -40% | -30% | -60% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DECK, SHOO, DBI, GCO, WWW. See CAL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/8/2026 (YTD)
How Low Can It Go
| Event | CAL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.1% | -9.5% |
| % Gain to Breakeven | 12.4% | 10.5% |
| Time to Breakeven | 3 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.2% | -6.7% |
| % Gain to Breakeven | 39.2% | 7.1% |
| Time to Breakeven | 12 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.2% | -24.5% |
| % Gain to Breakeven | 30.2% | 32.4% |
| Time to Breakeven | 44 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -75.9% | -33.7% |
| % Gain to Breakeven | 314.5% | 50.9% |
| Time to Breakeven | 262 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.9% | -19.2% |
| % Gain to Breakeven | 24.8% | 23.8% |
| Time to Breakeven | 1806 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -28.9% | -12.2% |
| % Gain to Breakeven | 40.7% | 13.9% |
| Time to Breakeven | 317 days | 62 days |
In The Past
Caleres's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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Asset Allocation
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| Event | CAL | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.2% | -6.7% |
| % Gain to Breakeven | 39.2% | 7.1% |
| Time to Breakeven | 12 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.2% | -24.5% |
| % Gain to Breakeven | 30.2% | 32.4% |
| Time to Breakeven | 44 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -75.9% | -33.7% |
| % Gain to Breakeven | 314.5% | 50.9% |
| Time to Breakeven | 262 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -28.9% | -12.2% |
| % Gain to Breakeven | 40.7% | 13.9% |
| Time to Breakeven | 317 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -42.9% | -17.9% |
| % Gain to Breakeven | 75.2% | 21.8% |
| Time to Breakeven | 148 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -27.0% | -15.4% |
| % Gain to Breakeven | 37.0% | 18.2% |
| Time to Breakeven | 875 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -86.6% | -53.4% |
| % Gain to Breakeven | 648.7% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -23.8% | -8.6% |
| % Gain to Breakeven | 31.3% | 9.5% |
| Time to Breakeven | 2123 days | 47 days |
In The Past
Caleres's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Caleres (CAL)
Caleres, Inc. (CAL) is a global footwear company engaged in both the retail and wholesale of athletic, casual, and dress footwear for women, men, and children. The company operates primarily through two segments: Famous Footwear, a retail chain offering a wide selection of popular third-party brands, and Brand Portfolio, which manages a diverse collection of company-owned and licensed footwear brands.
The company's offerings span a broad spectrum, from well-known athletic brands like Nike, Skechers, and Adidas sold in its Famous Footwear stores, to its extensive portfolio of owned and licensed brands such as Dr. Scholl's Shoes, Naturalizer, Sam Edelman, Franco Sarto, and Allen Edmonds. Caleres serves consumers through approximately 980 physical retail stores and a robust network of brand-specific e-commerce websites, including naturalizer.com and samedelman.com. Additionally, it designs, manufactures, and markets footwear to a wide array of wholesale customers, including national chains, department stores, and online retailers across the United States, Canada, China, and Guam. The Allen Edmonds brand also extends into men's apparel, leather goods, and accessories.
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Here are 1-3 brief analogies to describe Caleres:
- It's like a Foot Locker combined with Gap Inc., but focused entirely on shoes.
- Imagine DSW (for its wide selection of shoe brands) combined with a company like Skechers (which designs, makes, and sells its own popular shoe brands).
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- Retail Footwear: Caleres sells a wide variety of athletic, casual, and dress footwear directly to consumers through its physical stores and e-commerce platforms.
- Wholesale Footwear: The company designs, sources, manufactures, and markets diverse footwear brands, including its own and licensed labels, for distribution to other retail stores.
- Wholesale Men's Apparel, Leather Goods, and Accessories: Caleres distributes men's apparel, leather goods, and accessories under the Allen Edmonds brand to various retailers.
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- General Family Footwear Shoppers: This category includes customers of all ages seeking a wide variety of athletic, casual, and dress shoes for women, men, and children. These shoppers often frequent Famous Footwear stores and websites, valuing convenience, selection of major national brands (e.g., Nike, Skechers, adidas, Vans, Crocs), and accessible pricing.
- Fashion-Forward Adults: Primarily women, these customers are interested in contemporary fashion trends, stylish designs, and specific aesthetics for dress, casual, and seasonal footwear. They are served by brands such as Sam Edelman, Franco Sarto, Vince, Zodiac, Blowfish Malibu, Circus by Sam Edelman, and Veronica Beard, often seeking pieces that align with current styles and personal expression.
- Comfort and Quality-Focused Adults: This group includes individuals prioritizing comfort, support, and craftsmanship in their footwear. It encompasses customers looking for ergonomic designs, health-conscious options (e.g., Dr. Scholl's Shoes, Naturalizer, LifeStride, Rykä, Bzees), as well as those seeking premium quality and durability, such as customers of Allen Edmonds, who purchase high-end men's footwear and accessories.
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- Nike (NKE)
- Skechers (SKX)
- adidas (ADS.DE)
- VF Corporation (VFC)
- Crocs (CROX)
- Puma (PUM.DE)
- Birkenstock (BIRK)
- New Balance
- Asics (7936.T)
- Under Armour (UAA)
- Bearpaw
- Wolverine World Wide (WWW)
- Dr. Martens (DOCS.L)
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Jay Schmidt, President and Chief Executive Officer
Jay Schmidt became President and Chief Executive Officer of Caleres in January 2023. He initially joined the company in 2008 as Senior Vice President/General Manager Image Brands. He then served as President of Contemporary Fashion starting in 2010 and President of Brand Portfolio from 2016. In 2020, he was named President, taking on responsibility for the consumer and brand strategy across the entire Caleres portfolio. Before his tenure at Caleres, Schmidt amassed over 25 years of extensive experience in merchandising, portfolio management, and brand marketing, including a decade with Nine West Group and positions at Lord & Taylor, May Merchandising Corporation, and Macy's.
Dan Karpel, Interim Chief Financial Officer and Chief Accounting Officer
Dan Karpel was appointed Interim Chief Financial Officer, effective January 2026. He rejoined Caleres in October 2025 as Chief Accounting Officer. Karpel brings over 30 years of experience in accounting and finance to his role. His prior positions include serving as Chief Financial Officer of Club Car Wash Operating, LLC, and CW Holdings, LLC, a legacy entity that owned the brands Soft Surroundings and Coldwater Creek. He also held the role of chief accounting officer at Eyecare Partners LLC and Spectrum Brands Holdings, Inc.
Diane Sullivan, Chairman
Diane Sullivan serves as the Chairman of Caleres, a position she has held since January 2023, transitioning from her role as Executive Chairman. She was the President and Chief Executive Officer of Caleres from May 2011 until January 2023, having joined the company as President in 2003. She also became chairwoman of the board in February 2014.
Natelle Baddeley, Chief Design and Product Officer
Natelle Baddeley holds the title of Chief Design and Product Officer at Caleres.
Dan Friedman, Chief Sourcing and Supply Chain Officer
Dan Friedman is the Chief Sourcing and Supply Chain Officer at Caleres. He is also identified as the Division President of Global Supply Chain.
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Key Risks to Caleres' Business
Caleres, Inc. (CAL) faces several significant risks, primarily driven by the volatile retail landscape and global economic factors. The most prominent risks include:
- Macroeconomic Headwinds, Shifting Consumer Demand, and Intense Competition: Caleres is highly susceptible to macroeconomic pressures, such as inflation and tariffs, which have led to softening sales, declining revenue, and gross margin compression, particularly as consumers, especially lower-income segments, reduce discretionary spending. The footwear market is intensely competitive and dynamic, with Caleres facing pressure from other multi-brand retailers, online pure-plays, and major athletic brands (like Nike and Adidas) that are expanding their direct-to-consumer (DTC) channels. The company also faces inherent fashion and execution risks, where failing to anticipate or respond to rapidly changing consumer preferences and trends can lead to over-assortment and markdowns, negatively impacting profitability.
- Supply Chain Disruptions and Rising Costs (including Tariffs): Caleres' global operations and reliance on third-party manufacturing, historically concentrated in regions like China, expose it to significant supply chain risks. Tariffs have already resulted in order cancellations, delayed receipts, and direct impacts on sales and gross margins. Beyond tariffs, the company contends with rising production costs, volatile raw material prices, and potential logistics shocks, all of which contribute to higher costs of goods sold and pressure on overall profitability. Caleres is actively working to diversify its sourcing locations, aiming to source 75% of its Brand Portfolio products outside of China by the second half of 2025 to mitigate these geopolitical and supply chain concentrations.
- Inventory Management and Profitability Pressures: Continuous gross margin compression is a key risk for Caleres, exacerbated by tariff-related expenses, the need for promotional activities to move products, and increased provisions for inventory markdowns. The company has experienced elevated inventory levels, which can necessitate deeper discounting to clear stock, thereby eroding margins. This challenge is reflected in the significant pressure on its operating and net margins, with the net profit margin falling considerably below the footwear retail industry average. Effective inventory management is critical to mitigate these profitability pressures, especially in a market characterized by volatile demand and rapid trend changes.
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Major athletic and fashion footwear brands, many of which Caleres sells through its Famous Footwear segment and relies on as key suppliers, are increasingly prioritizing and investing in their own direct-to-consumer (DTC) sales channels. This strategic shift could reduce the availability of popular products for multi-brand retailers like Caleres, limit their ability to secure favorable terms, and divert customer traffic and sales directly to the brands' own websites and stores, thereby diminishing the competitive advantage and profitability of Caleres' retail operations.
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The addressable markets for Caleres, Inc.'s main products and services encompass the footwear retail and wholesale sectors across the United States, Canada, and China, with offerings in athletic, casual, and dress footwear for women, men, and children.
United States Footwear Market
- The overall footwear market in the United States was valued at approximately USD 97.72 billion in 2024 and is projected to reach around USD 141.89 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 3.80% from 2025 to 2034. Other estimates place the market size at USD 106.6 billion in 2024.
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By Product Type (2024):
- Non-athletic footwear held the largest market share, accounting for 45% of the U.S. shoe and footwear market.
- The U.S. athletic footwear market was valued at approximately USD 15 billion in 2023. It is projected to reach USD 33.3 billion in 2024.
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By End User (2024-2025):
- The women's footwear market in the United States was valued at USD 53.70 billion in 2025 and is projected to reach USD 72.87 billion by 2035, growing at a CAGR of 3.10% from 2026 to 2035.
- The men's category held the largest market share in the U.S. shoe and footwear market in 2024, at 40%.
- The children's footwear market in the U.S. reached around USD 12 billion in 2025. It is anticipated to be valued at USD 13.14 billion in 2026.
Canada Footwear Market
- The footwear market in Canada was estimated at USD 8,576.4 million (USD 8.58 billion) in 2024 and is expected to reach USD 10,906.8 million (USD 10.91 billion) by 2030, with a CAGR of 4.1% from 2025 to 2030. Another estimate valued the market at USD 5.04 billion in 2024, projected to reach USD 7.59 billion by 2033, exhibiting a CAGR of 4.18% during 2025-2033.
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By Product Type (2024):
- Non-athletic footwear was the largest revenue-generating product segment in Canada in 2024.
China Footwear Market
- The footwear market in China generated a revenue of USD 70,720.2 million (USD 70.72 billion) in 2024 and is expected to reach USD 95,699.6 million (USD 95.70 billion) by 2030, growing at a CAGR of 5.2% from 2025 to 2030. It is estimated at USD 72.35 billion in 2025.
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By Product Type (2024-2025):
- Non-athletic footwear was the largest revenue-generating product segment in China in 2024.
- The China athletic footwear market is projected to grow from USD 78.4 billion in 2025 to USD 153.7 billion by 2032, registering a CAGR of 10.2% during the forecast period.
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By End User (2025):
- Women's footwear grabbed a market share of 45% in China in 2025.
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Caleres (NYSE: CAL) anticipates several key drivers to fuel its revenue growth over the next two to three years, focusing on its robust brand portfolio, digital acceleration, strategic acquisitions, and optimization of its Famous Footwear segment.
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Expansion of Lead Brands and International Growth: Caleres is prioritizing the scaling of its "Lead Brands," such as Vionic, Sam Edelman, Naturalizer, and Allen Edmonds. Vionic, for instance, is specifically targeted for significant growth, with expectations to become a multi-hundred-million-dollar brand with double-digit growth potential through 2025. This expansion includes international wholesale and marketplace growth, particularly in the EU/UK and selective Asia-Pacific markets. The company aims for its Brand Portfolio segment to contribute approximately 50% of total earnings by 2026.
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Direct-to-Consumer (DTC) and E-commerce Acceleration: A significant focus for Caleres is on digital growth and deepening its direct-to-consumer presence across its brand portfolio. DTC sales represented nearly 69% of total net sales in the first quarter of 2024. E-commerce has shown strong performance, achieving double-digit growth in both the Brand Portfolio and Famous Footwear segments in Q3 2025. The company is enhancing the omnichannel experience to better connect with consumers.
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Strategic Acquisitions: Caleres is leveraging strategic acquisitions to enhance its market position and brand portfolio. A notable example is the planned acquisition of Stuart Weitzman, expected to close in the summer of 2025. This acquisition is central to Caleres's strategy for achieving premium positioning and expanding its international footprint. The Stuart Weitzman acquisition is anticipated to contribute to Brand Portfolio sales.
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Famous Footwear Store Optimization and Enhanced Customer Engagement: The Famous Footwear chain is undergoing optimization, with a strategy to right-size its approximately 860 doors towards off-mall and smaller, more productive formats, prioritizing remodels and relocations over net unit growth. Furthermore, Caleres aims to strengthen Famous Footwear's connection with the millennial generation by improving the omnichannel experience and leveraging consumer analysis.
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Share Repurchases
- In fiscal year 2024 (which ended around January 2025), Caleres returned $74.7 million to shareholders through a combination of share repurchases and quarterly dividends.
- Share buyback activity noted for portions of fiscal year 2025 (ending January 2026) includes $8.11 million in April 2025, $263.46 thousand in July 2025, and $186.71 thousand in October 2025.
- Caleres's 5-Year Share Buyback Ratio was reported as 3.30% as of October 2025, indicating an annualized reduction in outstanding shares.
Share Issuance
- The number of common shares outstanding has decreased over the last few years, indicating net share repurchases rather than significant share issuance. As of March 1, 2025, there were 33,612,063 common shares outstanding, down from 35,631,002 shares as of February 24, 2023, and 40,031,400 shares as of February 29, 2020.
Outbound Investments
- Caleres announced plans to acquire Stuart Weitzman for $105 million, with the transaction expected to close in the summer of 2025. Caleres intends to fund this acquisition through its revolving credit agreement.
Capital Expenditures
- Capital expenditures were reported as $74 million for fiscal year 2024 (ending January 2025).
- In prior fiscal years, capital expenditures were $60 million in 2023, $51 million in 2022, and $64 million in 2021.
Peer Outperformance in Apparel Retail
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CAL | Caleres | 0.1% | 7.7x | -6.2% | -50.7% | -38.9% | — |
| BKE | Buckle | 0.6% | 9.9x | -17.7% | 72.5% | 75.7% | +115pp |
| VSXY | Victoria's Secret | 3.9% | 18.3x | 186.6% | 457.3% | 66.2% | +105pp |
| GAP | Gap | 0.5% | 6.7x | 16.3% | 145.1% | 23.0% | +62pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -11.0% | 80.0% | 82.8% | CVSA 245% · LINC 236% · PRDO 218% |
| Homebuilding | 18 | -8.5% | 31.8% | 48.5% | GRBK 197% · TOL 152% · PHM 151% |
| Specialty Stores | 7 | 3.0% | 39.3% | 12.8% | ASO 36% · SIG 32% · DKS 31% |
| Hotels, Resorts & Cruise Lines | 21 | 7.3% | 36.0% | 11.4% | RCL 232% · MAR 140% · LIND 134% |
| Home Improvement Retail | 5 | -20.8% | -0.1% | 0.3% | HVT 13% · LOW 1% · HD 0% |
| Automotive Retail | 18 | -13.7% | 0.9% | -5.1% | MUSA 214% · PAG 115% · ORLY 111% |
| Footwear | 9 | 62.5% | 47.1% | -10.4% | WEYS 206% · DECK 38% · SHOO 19% |
| Restaurants | 36 | -9.1% | -8.2% | -13.7% | EAT 286% · CAKE 164% · BH 119% |
| Specialized Consumer Services | 10 | -18.5% | 15.9% | -16.4% | HRB 107% · FTDR 88% · SCI 33% |
| Home Furnishings | 4 | -5.2% | 26.6% | -17.0% | SGI 46% · LZB -1% · MHK -33% |
| Distributors | 4 | -11.6% | -27.5% | -17.1% | ARMK 122% · GPC 18% · LKQ -52% |
| Apparel Retail ← | 26 | 7.2% | 16.8% | -37.7% | ANF 260% · URBN 173% · TJX 130% |
| Household Appliances | 18 | 12.7% | -3.2% | -39.7% | FLXS 218% · HBB 165% · KEQU 160% |
| Leisure Products | 13 | -22.5% | -21.1% | -40.8% | GOLF 76% · HAS 26% · MAT -13% |
| Computer & Electronics Retail | 3 | 3.6% | 45.6% | -41.4% | BBY 4% · GME -41% · UPBD -61% |
| Automotive Parts & Equipment | 38 | -12.0% | -12.8% | -41.5% | MOD 1459% · GTX 263% · MLR 69% |
| Leisure Facilities | 12 | 5.5% | -6.6% | -45.0% | JAKK 153% · LTH 134% · OSW 124% |
| Casinos & Gaming | 20 | -14.3% | -28.0% | -47.4% | MCRI 91% · RRR 18% · BYD 14% |
| Apparel, Accessories & Luxury Goods | 29 | -3.5% | 13.8% | -49.6% | RL 258% · TPR 252% · ELA 194% |
| Broadline Retail | 14 | -7.3% | 23.2% | -50.9% | EBAY 63% · AMZN 55% · OLLI 42% |
| Consumer Electronics | 11 | -25.6% | -25.5% | -74.4% | AXIL 3081% · GRMN 91% · SONO -44% |
| Other Specialty Retail | 17 | -35.8% | -41.3% | -77.2% | TLF 98% · BBW 90% · WINA 65% |
| Automobile Manufacturers | 8 | -75.5% | -52.5% | -77.9% | GM 47% · TSLA 43% · F 10% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 27.91 |
| Mkt Cap | 1.0 |
| Rev LTM | 2,794 |
| Op Inc LTM | 134 |
| FCF LTM | 147 |
| FCF 3Y Avg | 87 |
| CFO LTM | 170 |
| CFO 3Y Avg | 123 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 0.7% |
| Rev Chg Q | 5.7% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 44.5% |
| Op Inc Chg 3Y Avg | 42.6% |
| Op Mgn LTM | 5.5% |
| Op Mgn 3Y Avg | 4.7% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 7.4% |
| CFO/Rev 3Y Avg | 5.8% |
| FCF/Rev LTM | 6.2% |
| FCF/Rev 3Y Avg | 4.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.0 |
| P/S | 0.5 |
| P/Op Inc | 8.1 |
| P/EBIT | 7.7 |
| P/E | 12.8 |
| P/CFO | 6.0 |
| Total Yield | 9.1% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 8.0% |
| D/E | 1.0 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.3% |
| 3M Rtn | 9.2% |
| 6M Rtn | 6.1% |
| 12M Rtn | 11.2% |
| 3Y Rtn | 13.5% |
| 1M Excs Rtn | 1.4% |
| 3M Excs Rtn | 3.2% |
| 6M Excs Rtn | -7.7% |
| 12M Excs Rtn | -2.0% |
| 3Y Excs Rtn | -74.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Famous Footwear | 1,500 | 1,556 | 1,609 | 1,705 | 1,748 |
| Brand Portfolio | 1,316 | 1,226 | 1,271 | 1,323 | 1,081 |
| Eliminations and Other | -58 | -60 | -63 | -60 | -52 |
| Total | 2,758 | 2,723 | 2,817 | 2,968 | 2,778 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Famous Footwear | 47 | 87 | 124 | 196 | 276 |
| Brand Portfolio | 32 | 122 | 145 | 112 | 36 |
| Eliminations and Other | -73 | -59 | -75 | -94 | -107 |
| Total | 6 | 150 | 194 | 214 | 206 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Brand Portfolio | 984 | 893 | 862 | 921 | 944 |
| Famous Footwear | 809 | 817 | 771 | 768 | 705 |
| Eliminations and Other | 173 | 184 | 171 | 148 | 195 |
| Total | 1,966 | 1,895 | 1,805 | 1,836 | 1,844 |
Price Behavior
| Market Price | $12.43 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -15.1% | |
| 50 Days | 200 Days | |
| DMA Price | $12.78 | $12.39 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -2.7% | 0.3% |
| 3M | 1YR | |
| Volatility | 54.2% | 64.7% |
| Downside Capture | 187.04 | 206.49 |
| Upside Capture | 204.50 | 164.54 |
| Correlation (SPY) | 40.1% | 39.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.98 | 2.37 | 2.03 | 2.03 | 1.99 | 1.47 |
| Up Beta | -2.02 | 1.77 | 0.32 | 0.55 | 0.97 | 1.43 |
| Down Beta | 5.95 | 6.02 | 4.25 | 3.77 | 3.26 | 1.33 |
| Up Capture | 205% | 194% | 218% | 237% | 237% | 186% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 21 | 34 | 64 | 120 | 358 |
| Down Capture | 194% | 249% | 208% | 196% | 152% | 111% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 21 | 30 | 62 | 130 | 386 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAL | |
|---|---|---|---|---|
| CAL | -2.6% | 64.7% | 0.21 | - |
| Sector ETF (XLY) | -4.7% | 19.4% | -0.37 | 53.1% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 39.6% |
| Gold (GLD) | 3.4% | 29.6% | 0.11 | 8.4% |
| Commodities (DBC) | 45.0% | 20.9% | 1.67 | -23.2% |
| Real Estate (VNQ) | 2.8% | 13.7% | -0.05 | 26.4% |
| Bitcoin (BTCUSD) | -31.7% | 44.2% | -0.73 | 20.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAL | |
|---|---|---|---|---|
| CAL | -9.7% | 56.3% | 0.03 | - |
| Sector ETF (XLY) | 5.3% | 24.1% | 0.18 | 45.5% |
| Equity (SPY) | 14.0% | 17.1% | 0.63 | 39.9% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | -0.1% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | 2.2% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 31.6% |
| Bitcoin (BTCUSD) | 13.7% | 52.2% | 0.43 | 16.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CAL | |
|---|---|---|---|---|
| CAL | -5.3% | 63.4% | 0.18 | - |
| Sector ETF (XLY) | 12.0% | 22.2% | 0.49 | 43.9% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 38.1% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | -4.2% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 14.7% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 33.9% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 11.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/9/2026 | 1.0% | 2.9% | 4.1% |
| 6/4/2026 | 0.6% | -2.7% | -16.1% |
| 3/19/2026 | 19.1% | 24.3% | 55.7% |
| 12/9/2025 | -5.6% | 1.1% | 3.1% |
| 9/4/2025 | -4.7% | 4.2% | -9.1% |
| 5/29/2025 | -18.3% | -18.6% | -23.0% |
| 3/20/2025 | 2.7% | 7.7% | -6.5% |
| 12/5/2024 | -20.0% | -21.5% | -34.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 10 |
| # Negative | 10 | 12 | 14 |
| Median Positive | 3.1% | 6.0% | 13.7% |
| Median Negative | -8.2% | -10.0% | -12.5% |
| Max Positive | 29.9% | 34.2% | 55.7% |
| Max Negative | -20.0% | -21.5% | -34.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/9/2026 | 1.0% | 2.9% | 4.1% |
| 6/4/2026 | 0.6% | -2.7% | -16.1% |
| 3/19/2026 | 19.1% | 24.3% | 55.7% |
| 12/9/2025 | -5.6% | 1.1% | 3.1% |
| 9/4/2025 | -4.7% | 4.2% | -9.1% |
| 5/29/2025 | -18.3% | -18.6% | -23.0% |
| 3/20/2025 | 2.7% | 7.7% | -6.5% |
| 12/5/2024 | -20.0% | -21.5% | -34.1% |
| 9/12/2024 | -18.8% | -11.3% | -14.7% |
| 5/30/2024 | -1.3% | -7.6% | -8.2% |
| 3/19/2024 | 2.1% | 2.4% | -10.3% |
| 11/21/2023 | 8.8% | 8.0% | 10.9% |
| 8/31/2023 | 15.9% | 12.1% | 16.6% |
| 6/1/2023 | 3.4% | 31.7% | 39.1% |
| 3/14/2023 | 1.4% | -3.2% | -3.7% |
| 11/22/2022 | 0.4% | -11.3% | -22.6% |
| 8/23/2022 | -15.5% | -14.8% | -15.0% |
| 5/24/2022 | 29.9% | 34.2% | 36.7% |
| 3/15/2022 | 7.6% | 1.3% | 8.3% |
| 11/18/2021 | -8.4% | -12.3% | -26.8% |
| 8/31/2021 | 4.2% | -8.5% | -9.4% |
| 5/28/2021 | -8.1% | -4.3% | -1.2% |
| 3/16/2021 | 2.4% | 3.2% | 32.7% |
| 11/19/2020 | -4.8% | -8.6% | 1.4% |
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 10 |
| # Negative | 10 | 12 | 14 |
| Median Positive | 3.1% | 6.0% | 13.7% |
| Median Negative | -8.2% | -10.0% | -12.5% |
| Max Positive | 29.9% | 34.2% | 55.7% |
| Max Negative | -20.0% | -21.5% | -34.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/10/2026 | 10-Q |
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 04/02/2026 | 10-K |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 09/09/2025 | 10-Q |
| 04/30/2025 | 06/10/2025 | 10-Q |
| 01/31/2025 | 04/01/2025 | 10-K |
| 10/31/2024 | 12/11/2024 | 10-Q |
| 07/31/2024 | 09/12/2024 | 10-Q |
| 04/30/2024 | 06/11/2024 | 10-Q |
| 01/31/2024 | 04/02/2024 | 10-K |
| 10/31/2023 | 12/05/2023 | 10-Q |
| 07/31/2023 | 09/05/2023 | 10-Q |
| 04/30/2023 | 06/06/2023 | 10-Q |
| 01/31/2023 | 03/28/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/10/2026 | 10-Q |
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 04/02/2026 | 10-K |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 09/09/2025 | 10-Q |
| 04/30/2025 | 06/10/2025 | 10-Q |
| 01/31/2025 | 04/01/2025 | 10-K |
| 10/31/2024 | 12/11/2024 | 10-Q |
| 07/31/2024 | 09/12/2024 | 10-Q |
| 04/30/2024 | 06/11/2024 | 10-Q |
| 01/31/2024 | 04/02/2024 | 10-K |
| 10/31/2023 | 12/05/2023 | 10-Q |
| 07/31/2023 | 09/05/2023 | 10-Q |
| 04/30/2023 | 06/06/2023 | 10-Q |
| 01/31/2023 | 03/28/2023 | 10-K |
| 10/31/2022 | 12/06/2022 | 10-Q |
| 07/31/2022 | 09/06/2022 | 10-Q |
| 04/30/2022 | 06/07/2022 | 10-Q |
| 01/31/2022 | 03/28/2022 | 10-K |
| 10/31/2021 | 12/07/2021 | 10-Q |
| 07/31/2021 | 09/07/2021 | 10-Q |
| 04/30/2021 | 06/09/2021 | 10-Q |
| 01/31/2021 | 03/30/2021 | 10-K |
| 10/31/2020 | 12/09/2020 | 10-Q |
| 07/31/2020 | 09/09/2020 | 10-Q |
| 04/30/2020 | 06/10/2020 | 10-Q |
| 01/31/2020 | 03/31/2020 | 10-K |
| 10/31/2019 | 12/11/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 9/9/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Famous Footwear Comparable Sales Growth | Reported | |||||||
| Q3 2026 Consolidated Net Sales Growth | Reported | |||||||
| Q3 2026 Brand Portfolio Sales Growth | Reported | |||||||
| Q3 2026 Gross Margin Expansion | Reported | 1.5% | 1.75% | 2.0% | -1.8% | Lower New | Guidance: 3.6% for Q2 2026 | |
| Q3 2026 Effective Tax Rate | Reported | 23.0% | 24.0% | 25.0% | -2.5% | Lower New | Guidance: 26.5% for Q2 2026 | |
| Q3 2026 GAAP Diluted EPS | Reported | 0.62 | 0.66 | 0.7 | 88.6% | Higher New | Guidance: 0.35 for Q2 2026 | |
| Q3 2026 Adjusted Diluted EPS | Reported | 0.62 | 0.66 | 0.7 | ||||
| 2026 Famous Footwear Comparable Sales Growth | Reported | |||||||
| 2026 Consolidated Net Sales Growth | Reported | |||||||
| 2026 Brand Portfolio Sales Growth | Reported | |||||||
| 2026 Gross Margin Expansion | Reported | 1.8% | 2.0% | 2.2% | -0.4% | Lowered | Guidance: 2.4% for 2026 | |
| 2026 Interest Expense | Reported | 16.00 Mil | 16.50 Mil | 17.00 Mil | -8.3% | Lowered | Guidance: 18.00 Mil for 2026 | |
| 2026 Effective Tax Rate | Reported | 24.0% | 25.0% | 26.0% | -2.5% | Lowered | Guidance: 27.5% for 2026 | |
| 2026 GAAP Diluted EPS | Reported | 2.8 | 2.88 | 2.95 | 83.7% | Raised | Guidance: 1.57 for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 1.5 | 1.58 | 1.65 | 3.3% | Raised | Guidance: 1.53 for 2026 | |
| 2026 Capital Expenditures | Reported | 50.00 Mil | 52.50 Mil | 55.00 Mil | 0 | Affirmed | Guidance: 52.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 6/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Gross Margin Improvement | Reported | 3.45% | 3.6% | 3.75% | ||||
| Q2 2026 Tax Rate | Reported | 26.0% | 26.5% | 27.0% | ||||
| Q2 2026 GAAP EPS | Reported | 0.32 | 0.35 | 0.38 | ||||
| 2026 Gross Margin Improvement | Reported | 2.2% | 2.4% | 2.6% | 0.8% | Raised | Guidance: 1.6% for 2026 | |
| 2026 Interest Expense | Reported | 18.00 Mil | 0 | Affirmed | Guidance: 18.00 Mil for 2026 | |||
| 2026 Tax Rate | Reported | 27.0% | 27.5% | 28.0% | -1.5% | Lowered | Guidance: 29.0% for 2026 | |
| 2026 GAAP EPS | Reported | 1.44 | 1.57 | 1.69 | 7.2% | Raised | Guidance: 1.46 for 2026 | |
| 2026 Adjusted EPS | Reported | 1.4 | 1.53 | 1.65 | 1.7% | Raised | Guidance: 1.5 for 2026 | |
| 2026 Capital Expenditures | Reported | 50.00 Mil | 52.50 Mil | 55.00 Mil | -8.7% | Lowered | Guidance: 57.50 Mil for 2026 | |
Q4 2025 Earnings Reported 3/19/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | Reported | |||||||
| Q1 2026 Gross Margin Improvement | Reported | 1.2% | 1.3% | 1.4% | ||||
| Q1 2026 Tax Rate | Reported | 30.0% | 31.0% | 32.0% | ||||
| Q1 2026 GAAP EPS | Reported | 0.21 | 0.24 | 0.26 | ||||
| Q1 2026 Adjusted EPS | Reported | 0.25 | 0.28 | 0.3 | ||||
| 2026 Revenue | Reported | |||||||
| 2026 Gross Margin Improvement | Reported | 1.4% | 1.6% | 1.8% | ||||
| 2026 Interest Expense | Reported | 18.00 Mil | ||||||
| 2026 Tax Rate | Reported | 28.0% | 29.0% | 30.0% | ||||
| 2026 GAAP EPS | Reported | 1.31 | 1.46 | 1.61 | Higher New | Guidance: -0.16 for 2025 | ||
| 2026 Adjusted EPS | Reported | 1.35 | 1.5 | 1.65 | 160.9% | Higher New | Guidance: 0.58 for 2025 | |
| 2026 Capital Expenditures | Reported | 55.00 Mil | 57.50 Mil | 60.00 Mil | ||||
Q3 2025 Earnings Reported 12/9/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 GAAP EPS | Reported | -0.18 | -0.16 | -0.13 | ||||
| 2025 Adjusted EPS | Reported | 0.55 | 0.58 | 0.6 | ||||
| 2025 Adjusted EPS excluding Stuart Weitzman | Reported | 1.15 | 1.2 | 1.25 | ||||
Insider Activity
Updated 9/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Freidman, Daniel R | Chief Sourcing Officer | Direct | Sell | 6012026 | 15.00 | 11,207 | 168,105 | 971,700 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Freidman, Daniel R | Chief Sourcing Officer | Direct | Sell | 6012026 | 15.00 | 11,207 | 168,105 | 971,700 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel Retail Resources |
| Apparel News |
| Just Style |
| Sourcing Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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