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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Caleres
Caleres (CAL) investor relations material
Caleres Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary9 Sep, 2026
Executive summary
Second quarter net sales rose 5.6% year-over-year to $695.5 million, with adjusted EPS of $0.47 and GAAP EPS of $1.71, both exceeding expectations, driven by Brand Portfolio growth and the Stuart Weitzman acquisition, while Famous Footwear sales declined.
Gross margin expanded 1,140 basis points to 54.8% due to $55.6M–$57.4M in tariff refunds; adjusted gross margin rose 340 basis points to 46.8%.
Operating earnings increased to $77.6M from $9.3M, and diluted EPS rose to $1.71 from $0.20 year-over-year; adjusted operating earnings were $22M (3.2% margin).
Market share gains were noted in total footwear and women's fashion footwear, with broad-based brand strength and international momentum.
Brand Portfolio delivered sales and earnings growth, offsetting Famous Footwear's challenges from delayed back-to-school and lifestyle athletic softness.
Financial highlights
Brand Portfolio net sales grew 23.6% to $340.6M, with Stuart Weitzman contributing $42.5M; organic sales up 8.2%.
Famous Footwear net sales fell 6.3% to $374.4M, with comparable sales down 5.9% and gross margin down 100 bps to 42.7%.
GAAP net earnings reached $58.6M, up from $6.7M; adjusted net earnings were $16.1M, up from $11.7M.
Inventory at quarter-end was $754.2M, up $61M; excluding Stuart Weitzman, inventory was down 1.2%.
Direct-to-consumer sales accounted for 71% of total net sales.
Outlook and guidance
Full-year 2026 net sales projected up low-to-mid single digits; GAAP EPS $2.80–$2.95, adjusted EPS $1.50–$1.65; capital expenditures $50–$55M.
Q3 2026 net sales expected to rise low-single digits; Brand Portfolio up mid-high single digits, Famous Footwear down low-single digits.
Q3 GAAP EPS guidance: $0.62–$0.70; gross margin to improve 150–200 bps.
Brand Portfolio full-year sales expected up low-double digits; Famous Footwear sales down low-to-mid single digits.
Management remains focused on international growth, direct-to-consumer penetration, and maximizing segment synergies.
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Latest events from Caleres
- Brand Portfolio drove 8.5% sales growth and margin gains, offsetting Famous Footwear declines.CAL
Q1 2027 - Director elections, auditor ratification, and compensation plan up for vote at annual meeting.CALProxy filing
- Shareholders will vote on directors, auditor, compensation plan, and executive pay amid strategic growth.CALProxy filing
- Q4 and FY25 beat guidance as e-commerce and Brand Portfolio drive margin and earnings recovery.CALQ4 2026
- Sales up 6.6% with strong brands, but margins and EPS pressured by tariffs and integration.CALQ3 2026
- Disciplined management, strong brands, and robust governance position the company for future growth.CALProxy Filing
- Q3 sales fell 2.8% to $740.9M as margin pressure and inventory actions led to reduced guidance.CALQ3 2025
- Sales down 1.8% as ERP disruptions and weak demand led to lower results and revised guidance.CALQ2 2025
- FY24 met guidance; FY25 outlook cautious with Stuart Weitzman acquisition and sourcing shift.CALQ4 2025
Next Caleres earnings date
Q3 20278 Dec, 2026
Caleres
Next Caleres earnings date
Q3 20278 Dec, 2026
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Frequently asked questions
Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through three segments: Retail; Wholesale; and International. The company offers school and uniform athletic shoes, casual athletic shoes, and specialty footwear under various brands. It also provides footwear to schools and educational institutions; and sells its products through mass merchandisers and independent shoe retailers.