Caleres Inc Stock Price, News & Analysis

Caleres (NYSE: CAL) reported Q2 2025 financial results showing consolidated sales of $658.5 million, down 3.6% year-over-year. The company posted earnings per diluted share of $0.20 and adjusted earnings of $0.35 per share, including a $0.07 tax benefit.

Key performance metrics include Brand Portfolio sales declining 3.5%, Famous Footwear sales down 4.9%, and gross margin at 43.4%, down 210 basis points. The company achieved $15 million in annualized structural cost savings and completed the acquisition of Stuart Weitzman post-quarter.

Notable developments include enhanced financial flexibility through an amended credit agreement increasing borrowing capacity to $700 million, with potential expansion to $950 million. August showed improvement with Famous Footwear same-store sales up 1% and Brand Portfolio sales growing in low-single digits excluding Stuart Weitzman.

Caleres (NYSE: CAL), a leading footwear brand portfolio company, has announced a quarterly cash dividend of $0.07 per share. The dividend will be paid on September 26, 2025, to shareholders of record as of September 12, 2025.

The company highlighted its remarkable track record of paying consecutive quarterly dividends for more than 100 years, demonstrating its long-standing commitment to shareholder returns and financial stability.

Caleres (NYSE: CAL), a leading footwear brand portfolio company, has scheduled its second quarter 2025 financial results announcement for Thursday, September 4, 2025, before market open.

The company will host a conference call at 10 a.m. Eastern Time featuring executives discussing quarterly results and business updates. The call will be accessible via phone for North American (877-704-4453) and international (201-389-0920) participants, as well as through a live webcast on Caleres' Investors page.

A replay will be available until September 18, 2025, through dedicated phone lines and the company's Events & Presentations webpage.

Caleres (NYSE: CAL) has appointed Kathleen Welter as its new Chief Human Resources Officer, overseeing HR functions for the company's portfolio of brands and more than 9,000 Associates worldwide. Welter brings nearly three decades of HR experience and will report directly to President and CEO Jay Schmidt.

The appointment comes as current CHRO Doug Koch prepares for retirement at year-end, with a 30-day transition period planned. Welter rejoins Caleres, where she previously worked for a decade, following her recent role as VP of Human Resources at Woodard & Curran. She holds an MBA and bachelor's degree from the University of Missouri.

Vionic, a footwear brand under Caleres (NYSE: CAL), has announced world-class athlete and wellness advocate Gabby Reece as its first-ever well-being ambassador. The partnership aligns with Vionic's focus on biomechanics and science-based footwear design.

As part of this collaboration, Reece will be featured in Vionic's fall campaign, create content, lead wellness conversations, and help design the brand's most advanced walking shoe to date, scheduled for launch in Spring 2026. This partnership represents a strategic move in Vionic's brand-building efforts, combining Reece's expertise in athletics and wellness with the company's commitment to science-backed movement solutions.

Caleres (NYSE: CAL) has appointed Brian Costello as the new division president of Famous Footwear, effective immediately. Costello, who joined the company in February 2025 as chief merchandising officer, will continue reporting to Jay Schmidt, president and CEO of Caleres.

In his previous role, Costello oversaw all buying and merchandising operations for women's, men's and kids' athletic and fashion footwear and accessories across U.S. and Canada stores and e-commerce platforms. He brings nearly 30 years of fashion retail experience from Nordstrom and Macy's, including significant leadership roles in footwear merchandising and the launch of nordstromrack.com.

Tapestry, Inc. (NYSE: TPR) has completed the previously announced sale of its Stuart Weitzman brand to Caleres (NYSE: CAL), a portfolio of footwear brands. Morgan Stanley & Co. LLC and Latham & Watkins LLP served as Tapestry's advisors, while BofA Securities and BCLP advised Caleres.

Following the divestiture, Tapestry's brand portfolio now consists of Coach and kate spade new york. The company remains focused on innovation, authenticity, and sustainable fashion through distinctive products and differentiated customer experiences across channels and geographies.

Caleres (NYSE: CAL) has completed the acquisition of luxury footwear brand Stuart Weitzman from Tapestry, Inc. for $120.2 million, with a net purchase price of $108.7 million after accounting for $11.5 million in cash received at closing.

Stuart Weitzman, with trailing 12-month sales of $220 million, maintains a strong presence across North America, Europe, and Asia. Jonathan Lelonek, former SVP of global wholesale, has been appointed as Stuart Weitzman brand president. The acquisition strengthens Caleres' position in the global footwear market, with the Brand Portfolio segment expected to represent nearly half of total revenue going forward.

Caleres plans to leverage its footwear expertise to restore Stuart Weitzman's profitability following a transition and integration period through the remainder of the fiscal year. The acquisition was funded through Caleres' revolving credit agreement.

Caleres (NYSE: CAL) has announced an amendment to its credit agreement, extending its senior secured asset-based revolving credit facility to June 2030. The company's borrowing capacity will increase by $200 million to $700 million, with an accordion feature allowing potential expansion to $950 million.

According to CFO Jack Calandra, the expanded facility enhances liquidity and flexibility while strengthening the balance sheet. The company's near-term capital allocation priorities include completing the Stuart Weitzman acquisition and investing in growth vectors, followed by longer-term focus on debt reduction and shareholder returns.

Bank of America serves as the administrative agent, with Truist Bank, Wells Fargo Bank, and U.S. Bank as joint lead arrangers and bookrunners. Fifth Third Bank, Regions Bank, and TD Bank are also participating in the credit facility.