CAL

MKT CAP:$463M

Caleres, Inc.

Market Cap

$463M

Consumer Cyclical·Apparel - Footwear & Accessories·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel·🇺🇸·NYSE

Stock Price

$14.19+$1.94 (+15.84%)

Apr 22, 2026

Company Details

Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic,...

CEO

John W. Schmidt

IPO Date

Mar 17, 1980

Website

www.caleres.com

Key Metrics TTM

Revenue

$2.8B

-0.4% YoY

Net Income

$65M

EPS (Diluted)

$1.77

Free Cash Flow

$156M

Revenue / Share

$86.11

Gross Margin

43.8%

Operating Margin

3.7%

Net Margin

2.3%

FCF Margin

5.5%

P/S

0.2x

P/E

7.2x

Earnings Reports

Q4 2025

Mar 19, 2026

$695MEPS -$0.70

Q2 2025

Sep 9, 2025

$659MEPS $0.20

FY 2023

Apr 2, 2024

$2.8BEPS $4.80

Q3 2023

Dec 5, 2023

$762MEPS $1.32

Q2 2023

Sep 5, 2023

$696MEPS $0.95

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$776M	$311M	$40M
Q4 18	$720M	$278M	-$94M
Q1 19	$678M	$280M	$17M
Q2 19	$752M	$306M	$38M
Q4 19	$699M	$279M	$6M
Q1 20	$397M	$122M	-$426M
Q2 20	$501M	$183M	-$24M
Q4 20	$571M	$226M	-$55M
Q3 21	$784M	$335M	$81M
Q4 21	$679M	$295M	$44M
Q4 22	$696M	$281M	$26M
Q1 23	$663M	$303M	$50M
Q2 23	$696M	$314M	$50M
Q3 23	$762M	$340M	$64M
Q2 25	$659M	$286M	$9M
Q4 25	$695M	$290M	-$20M

Valuation

Quarter	P/S	P/E
Q3 18	0.5x	16.8x
Q4 18	0.4x	—
Q1 19	0.4x	—
Q2 19	0.2x	—
Q4 19	0.2x	—
Q1 20	0.1x	—
Q2 20	0.1x	—
Q4 20	0.3x	—
Q3 21	0.4x	—
Q4 21	0.3x	—
Q4 22	0.3x	15.1x
Q1 23	0.3x	4.7x
Q2 23	0.3x	6.4x
Q3 23	0.3x	5.5x
Q2 25	0.2x	3.7x
Q4 25	0.1x	6.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$3M	-$14M
Q4 18	$35M	$7M
Q1 19	$50M	$29M
Q2 19	$67M	$57M
Q4 19	$25M	$17M
Q1 20	$728.0K	-$4M
Q2 20	$67M	$63M
Q4 20	$25M	$18M
Q3 21	$54M	$49M
Q4 21	-$21M	-$31M
Q4 22	$80M	$61M
Q1 23	$37M	$31M
Q2 23	$88M	$77M
Q3 23	$32M	$12M
Q2 25	$44M	$31M
Q4 25	$60M	$36M

Capital Expenditures

Quarter	CapEx
Q3 18	$17M
Q4 18	$28M
Q1 19	$21M
Q2 19	$9M
Q4 19	$8M
Q1 20	$5M
Q2 20	$4M
Q4 20	$7M
Q3 21	$5M
Q4 21	$10M
Q4 22	$19M
Q1 23	$7M
Q2 23	$10M
Q3 23	$21M
Q2 25	$14M
Q4 25	$24M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+0.2%	+2.0%
Q4 18	+2.5%	+21.2%
Q1 19	+7.2%	+8.5%
Q2 19	+6.5%	+6.0%
Q4 19	-9.9%	-5.8%
Q1 20	-44.9%	+1.1%
Q2 20	-26.0%	-20.5%
Q4 20	-24.1%	-12.4%
Q3 21	+12.2%	+1.4%
Q4 21	+71.0%	-22.8%
Q4 22	+38.9%	+27.6%
Q1 23	+16.1%	-2.1%
Q2 23	-11.3%	-8.1%
Q3 23	+12.2%	+9.8%
Q2 25	-5.4%	-3.2%
Q4 25	+4.9%	+16.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$4M	0.5%
Q4 18	$2M	—
Q1 19	$3M	0.5%
Q2 19	$3M	0.4%
Q4 19	$1M	—
Q1 20	$2M	0.6%
Q2 20	$2M	0.4%
Q4 20	$1M	—
Q3 21	$3M	0.4%
Q4 21	$3M	—
Q4 22	$4M	—
Q1 23	$3M	0.4%
Q2 23	$4M	0.6%
Q3 23	$4M	0.5%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 18	—	—	$266M
Q4 18	$182M	$85M	—
Q1 19	—	—	$262M
Q2 19	—	—	$268M
Q4 19	$54M	$207M	—
Q1 20	—	—	$225M
Q2 20	—	—	$201M
Q4 20	$64M	$162M	—
Q3 21	—	—	$254M
Q4 21	$33M	$218M	—
Q4 22	—	—	$252M
Q1 23	—	—	$253M
Q2 23	—	—	$263M
Q3 23	—	—	$274M
Q2 25	$237M	$33M	—
Q4 25	—	—	$310M

Revenue Segments

Quarter	Brand Portfolio	Famous Footwear
Q3 18	$327M	$449M
Q4 18	$355M	$365M
Q1 19	$341M	$352M
Q2 19	$360M	$420M
Q4 19	$346M	$369M
Q1 20	$217M	$191M
Q2 20	$184M	$334M
Q4 20	$234M	$347M
Q3 21	$301M	$495M
Q4 21	$291M	$402M
Q4 22	$310M	$402M
Q1 23	$326M	$349M
Q2 23	$301M	$414M
Q3 23	$321M	$450M
Q2 25	$276M	$400M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$34M	$0	$34M
Q2 22	$46M	$0	$46M
Q3 22	$33M	$0	$33M
Q4 22	$34M	$0	$34M
Q1 23	$36M	$0	$36M
Q2 23	$47M	$0	$47M
Q3 23	$34M	$0	$34M
Q4 23	$21M	$0	$21M
Q1 24	$31M	$0	$31M
Q2 24	$52M	$0	$52M
Q3 24	$34M	$0	$34M
Q4 24	$30M	$0	$30M
Q1 25	$33M	$0	$33M
Q2 25	$191M	$0	$191M
Q3 25	$34M	$0	$34M
Q4 25	$30M	$0	$30M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	42M	+0.1%	+0.3%
Q4 18	41M	-2.3%	-2.0%
Q1 19	41M	-0.8%	-2.9%
Q2 19	40M	-1.9%	-4.9%
Q4 19	39M	-1.8%	-6.7%
Q1 20	39M	-1.6%	-6.1%
Q2 20	37M	-4.0%	-9.0%
Q4 20	37M	-1.5%	-8.6%
Q3 21	37M	+2.1%	-4.9%
Q4 21	37M	-0.9%	-4.2%
Q4 22	35M	-6.4%	-6.6%
Q1 23	34M	-0.7%	-5.9%
Q2 23	34M	-0.4%	-8.2%
Q3 23	34M	-1.0%	-8.3%
Q2 25	33M	-3.8%	-5.8%
Q4 25	33M	+0.0%	-5.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$64.7K	12K
Q4 18	$62.6K	12K
Q1 19	$58.9K	12K
Q2 19	$65.4K	12K
Q4 19	$61.3K	11K
Q1 20	$34.8K	11K
Q2 20	$44.0K	11K
Q4 20	$68.0K	8K
Q3 21	$93.4K	8K
Q4 21	$73.8K	9K
Q4 22	$74.9K	9K
Q1 23	$71.3K	9K
Q2 23	$74.8K	9K
Q3 23	$81.9K	9K
Q2 25	$70.1K	9K
Q4 25	$73.9K	9K

Revenue / Employee