Caleres, Inc.
- Open
- 11.72
- Day high
- 11.85
- Day low
- 11.53
- Prev close
- 11.86
- Volume
- 26K
- Mkt cap
- $392M
- P/E (TTM)
- 1162.0
- EPS (TTM)
- $0.01
- P/B
- 0.6
- P/S
- 0.1
- Yield
- 2.41%
- Per share
- $0.28
- ▼Insiders net selling -$168K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions reducing (13F)
Caleres, Inc. (CAL) is a Consumer Cyclical company listed on NYSE. The stock is down 16% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Caleres, Inc. (CAL) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CAL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 4, 2026 | $0.37 | $0.38 | +2.7% | $667M | +0.6% |
| Mar 19, 2026 | $-0.40 | $-0.06 | +85.0% | $695M | +1.4% |
| Dec 9, 2025 | $0.75 | $0.67 | -10.7% | $790M | +14.8% |
| Sep 4, 2025 | $0.51 | $0.35 | -31.4% | $659M | -10.1% |
| May 29, 2025 | $0.37 | $0.22 | -40.5% | $614M | -6.2% |
| Mar 20, 2025 | $0.27 | $0.33 | +22.2% | $639M | -2.0% |
| Dec 5, 2024 | $1.37 | $1.23 | -10.2% | $741M | +12.4% |
| Sep 12, 2024 | $1.22 | $0.85 | -30.3% | $683M | -5.6% |
| May 30, 2024 | $0.91 | $0.88 | -3.3% | $659M | -0.9% |
| Mar 19, 2024 | $0.86 | $0.86 | +0.0% | $697M | +0.4% |
| Nov 21, 2023 | $1.29 | $1.37 | +6.2% | $762M | +9.8% |
| Aug 31, 2023 | $0.88 | $0.98 | +11.4% | $696M | -1.3% |
CAL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 10, 2026 | Karpel Daniel Lofficer: SVP, Chief Financial Officer | Grant | 15,244 | — |
| Jun 10, 2026 | Flavin Lisadirector | Grant | 12,196 | — |
| Jun 10, 2026 | Welter Kathleen Kofficer: SVP, Chief HR Officer | Grant | 19,055 | — |
| Jun 10, 2026 | Freeman Brendadirector | Grant | 12,196 | — |
| Jun 10, 2026 | Freidman Daniel Rofficer: Chief Sourcing Officer | Grant | 22,866 | — |
| Jun 10, 2026 | Karpel Daniel Lofficer: SVP, Chief Financial Officer | Grant | 11,433 | — |
| Jun 10, 2026 | Gendreau Kyledirector | Grant | 12,196 | — |
| Jun 10, 2026 | KLEIN WARD Mdirector | Grant | 12,196 | — |
| Jun 10, 2026 | Hill Willisofficer: Chief Information Officer | Grant | 21,037 | — |
| Jun 10, 2026 | Costello Brian Pofficer: Div President, Famous Footwear | Grant | 21,037 | — |
| Jun 10, 2026 | LANGENSTEIN MOLLYdirector | Grant | 12,196 | $13.12 |
| Jun 10, 2026 | THORN BRUCE Kdirector | Grant | 12,196 | $13.12 |
| Jun 10, 2026 | MILLARD WENDA HARRISdirector | Grant | 12,196 | — |
| Jun 10, 2026 | Burke Thomas Cofficer: SVP, General Counsel | Grant | 21,037 | — |
| Jun 10, 2026 | Schmidt John Wdirector, officer: President & CEO, Caleres | Grant | 190,549 | — |
Source: CAL SEC Form 4 filings, latest Jun 10, 2026. For informational purposes only — not investment advice.
See the full CAL insider & 13F page →Caleres, Inc. company profile
Overview
Caleres, Inc. (NYSE:CAL) is a footwear retailer and wholesaler founded in 1878 and headquartered in St. Louis, Missouri. Originally known as Brown Shoe Company, the company rebranded to Caleres in 2015. With over 145 years of history in the footwear industry, Caleres has evolved from a traditional shoe manufacturer into a diversified footwear company operating both retail stores and wholesale distribution channels. The company went public in 1980 and currently operates approximately 980 retail stores across the United States, Canada, China, and Guam, while also maintaining a significant wholesale business serving various retail partners.
Business
Caleres operates in the footwear retail and wholesale industry, functioning through two primary business segments that generate roughly equal portions of revenue. The Famous Footwear segment represents the company's retail chain operations, consisting of approximately 980 stores that sell branded athletic, casual, and dress shoes to consumers. These stores carry popular national brands like Nike, Skechers, Adidas, Vans, Converse, and many others, targeting families with a focus on value-oriented footwear shopping. Famous Footwear stores typically operate in strip malls and shopping centers, offering a wide selection of name-brand shoes at competitive prices. The Brand Portfolio segment encompasses Caleres' wholesale operations and owned brand businesses, representing approximately 50% of total company sales. This segment includes both company-owned brands and licensed brands that are sold to other retailers, department stores, and online platforms. Key owned brands include Sam Edelman (contemporary women's fashion footwear), Allen Edmonds (premium men's dress shoes), Naturalizer (comfort-focused women's shoes), Vionic (wellness-oriented footwear), Dr. Scholl's Shoes, LifeStride, Franco Sarto, and Ryka athletic shoes for women. The segment also includes newer acquisitions like Vince footwear and Veronica Beard shoes, which target the contemporary and premium market segments. The company also operates multiple e-commerce websites for its brands, including naturalizer.com, samedelman.com, allenedmonds.com, and others, providing direct-to-consumer sales channels that complement the wholesale business. Additionally, Caleres has been expanding internationally, particularly with brands like Sam Edelman in Europe and Asia.
Revenue model
Caleres generates revenue through multiple channels within the footwear industry. The Famous Footwear retail segment operates on a traditional retail model, purchasing branded footwear from manufacturers and selling directly to consumers at marked-up prices. This segment benefits from economies of scale in purchasing and the ability to offer competitive prices on popular brands, with customers being primarily families seeking value in footwear purchases. The Brand Portfolio segment operates on a wholesale model, where Caleres designs, sources, and manufactures footwear under its owned and licensed brands, then sells these products to retail partners including department stores, specialty retailers, online platforms, and other shoe chains. This business model provides higher gross margins compared to retail operations, as the company captures both manufacturing and brand value. The segment also includes direct-to-consumer sales through e-commerce platforms and company-owned retail locations for certain brands. Several factors influence the company's profitability margins. Positive margin drivers include the company's focus on higher-margin owned brands within the Brand Portfolio, international expansion opportunities, the shift toward premium and contemporary price points, and operational efficiencies from supply chain optimization. The company has been reducing its reliance on Chinese manufacturing, targeting 75% of sourcing from outside China, which provides supply chain diversification benefits. Margin pressures come from several sources including tariff impacts (estimated at 30-40 basis points of gross margin pressure), competitive pricing pressures in the retail footwear market, promotional activities needed to move inventory, and the cyclical nature of consumer discretionary spending on footwear. The company also faces challenges from changing consumer preferences, with ongoing shifts toward casual and athletic footwear affecting traditional dress shoe categories. Additionally, the company's relatively high debt levels create interest expense burdens that impact overall profitability.
Competitive moat
Caleres operates in a highly competitive footwear industry with limited sustainable competitive advantages. The company's primary moat elements include its scale in footwear retail through the Famous Footwear chain, which provides negotiating power with suppliers and broad market reach, and its portfolio of established footwear brands, particularly Allen Edmonds in men's premium footwear and Sam Edelman in contemporary women's fashion. However, the company's competitive position is relatively weak compared to industry leaders. In retail, Famous Footwear competes against much larger players like DSW, Foot Locker, and online retailers like Amazon, while lacking the scale advantages of these competitors. The retail footwear business is particularly vulnerable to e-commerce disruption and changing consumer shopping patterns. In the brand portfolio business, while Caleres owns several recognized names, most of its brands lack the pricing power and consumer loyalty of premium footwear companies like Nike, Adidas, or luxury brands. The company operates primarily in the mid-market segment, where differentiation is challenging and private label competition from retailers is intense. Competitive threats include continued growth of direct-to-consumer sales by major athletic brands, the expansion of off-price retailers like TJX Companies, and the ongoing shift of footwear purchases to online platforms where Caleres has less competitive advantage. The company's international expansion efforts face established local competitors and global brands with greater resources. Additionally, the footwear industry's relatively low barriers to entry for new brands and the rise of digitally native footwear companies pose ongoing competitive challenges.
Risks & safety
Caleres presents moderate financial risk with concerning debt levels but adequate liquidity for near-term operations. • Solvency concerns: Debt-to-equity ratio of 1.38, indicating high leverage relative to equity base • Liquidity position: Current ratio of 1.10 suggests tight working capital management; cash position of $30 million is relatively low for a company of this size • Cash generation: Free cash flow of $17 million in Q4 2024, down significantly from $55 million for full year 2024, indicating weakening cash generation • Valuation metrics: Trading at P/E ratio of 30.2x based on recent quarter, though full-year P/E of 5.7x suggests earnings volatility; EV/EBITDA of 17.7x appears elevated • Operational cash flow: Positive $29 million in Q4 but showed negative $40 million in Q3, indicating inconsistent cash generation patterns • Other considerations: Declining sales trends, inventory management challenges, and exposure to tariff impacts create additional financial pressures
Recent development
Over the past few years, Caleres has undergone significant strategic transformation focused on portfolio optimization and operational efficiency. The company implemented an "Edit to Win" initiative that reduced inventory levels and SKU count while focusing resources on higher-performing brands and products. This strategy led to the identification of "Lead Brands" (Sam Edelman, Allen Edmonds, Naturalizer, and Vionic) that now represent over 50% of Brand Portfolio sales and generate disproportionate earnings. Supply chain diversification has become a major strategic priority, with the company accelerating its shift away from Chinese manufacturing. By Q2 2025, Caleres expects 75% of its direct product sourcing to come from outside China, reducing tariff exposure and supply chain risk. The company has also invested in SPEED capabilities to reduce time-to-market, with 30% of Brand Portfolio receipts now utilizing faster sourcing methods. International expansion has accelerated, particularly for the Sam Edelman brand in Europe and Asia, while Naturalizer has expanded into Asian markets. The company opened Sam Edelman stores internationally and has been building brand recognition in new geographic markets. Recent strategic moves include the planned acquisition of Stuart Weitzman, a luxury women's footwear brand, which represents a significant move into the premium segment. The company also launched new brand partnerships, including a footwear license with Favorite Daughter for Fall 2025. Additionally, Caleres introduced the FLAIR store concept at Famous Footwear, converting select locations to a more premium format, and launched VioLab for Vionic brand innovation. The company faced operational challenges including ERP implementation disruptions in 2024 that caused an estimated $10-15 million in lost sales, leading to system replacements and process improvements. Despite these challenges, management has maintained focus on cost reduction, announcing restructuring initiatives to save $7.5 million annually.
CAL company profile · for informational purposes only — not investment advice.
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