Caleres Q4 sales beat estimates on e-commerce strength

Overview

• U.S. footwear brand portfolio's Q4 sales rose 8.7%, beating analyst expectations

• Adjusted EPS for Q4 was a loss, impacted by Stuart Weitzman integration costs

• Company completed Stuart Weitzman integration with minimal business disruption

Outlook

• Caleres sees Q1 net sales up mid to high-single digits, adjusted EPS $0.25-$0.30

• Company expects FY26 net sales up low to mid-single digits, adjusted EPS $1.35-$1.65

• Caleres says profit improvement in 2026 to be driven by tariff mitigation and Stuart Weitzman breakeven

Result Drivers

• BRAND PORTFOLIO GROWTH - Brand Portfolio segment sales rose 20.3%, with organic growth of 1.5%, driven in part by the addition of Stuart Weitzman

• E-COMMERCE & INTERNATIONAL - Continued strength in owned e-commerce and international channels supported performance, per CEO Jay Schmidt

• STUART WEITZMAN IMPACT - Stuart Weitzman integration completed with minimal disruption, but related costs and operating losses weighed on adjusted EPS

Company press release: ID:nBwblSgZ6a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

• Wall Street's median 12-month price target for Caleres Inc is $15.00, about 69.3% above its March 18 closing price of $8.86

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

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