Caleres beats Q4 estimates
Shoe group Caleres reports fourth-quarter adjusted EPS above guidance, driven by Lead Brands, eCommerce, and international growth.
The St. Louis-based footwear group completed the integration of Stuart Weitzman onto its platforms on time and on budget. Fourth-quarter net sales reached $695.1 million, up 8.7%, with Brand Portfolio sales rising 20.3% and organic sales up 1.5%. Famous Footwear sales declined 1.2%, while owned eCommerce maintained double-digit growth.
For the first quarter of 2026, Caleres expects consolidated net sales to increase mid to high-single digits, with adjusted EPS of $0.25 to $0.30. Full-year 2026 guidance projects low to mid-single-digit sales growth and adjusted EPS of $1.35 to $1.65.
CEO Jay Schmidt said performance was underpinned by eCommerce and international expansion, with Lead Brands outperforming and market share gains in women’s fashion footwear and total footwear. He noted that tariff mitigation and bringing Stuart Weitzman to breakeven would support profit improvement in 2026.
image - Sam Edelman Saige Studded Ankle Boot
