Caleres Q2 EPS jumps to $1.71 on tariff refund

Caleres, Inc. (CAL) reported strong results for the quarter ended August 1, 2026, with net sales of $695.5 million, up 5.6% from a year earlier.

Rhea-AI Filing Summary

Caleres, Inc. (CAL) reported strong results for the quarter ended August 1, 2026, with net sales of $695.5 million, up 5.6% from a year earlier. Gross profit rose to $381.0 million and operating earnings increased to $77.6 million from $9.3 million.

Net earnings attributable to Caleres were $58.6 million, or $1.71 diluted EPS, versus $0.20 a year ago, largely benefiting from a $57.4 million tariff refund recovery. Adjusted diluted EPS, which excludes this and other items, was $0.47, up from $0.35. Brand Portfolio net sales grew to $340.6 million with adjusted gross margin of 49.1%, while Famous Footwear net sales declined to $374.4 million with comparable sales down 5.9%.

For third quarter 2026, the company expects consolidated net sales to grow low-single digits and GAAP diluted EPS of $0.62–$0.70, with gross margin improving by 150–200 basis points. For full year 2026, Caleres projects net sales up low-to-mid-single digits and GAAP diluted EPS of $2.80–$2.95, or $1.50–$1.65 on an adjusted basis.

Positive

• GAAP diluted EPS jumped to $1.71 from $0.20 in Q2 2025, reflecting much higher profitability and one-time tariff refund benefits.
• Adjusted diluted EPS rose 34% to $0.47 from $0.35, indicating underlying earnings growth even excluding special items.
• Brand Portfolio net sales increased to $340.6 million from $275.6 million, with adjusted gross margin at 49.1%, showing strong growth and margin expansion in this segment.
• Guidance calls for full-year GAAP EPS of $2.80–$2.95 and adjusted EPS of $1.50–$1.65, with consolidated gross margin expected to improve 180–220 basis points in 2026.
• Net cash provided by operating activities for the first 26 weeks of 2026 was $55.8 million, up from $41.6 million, indicating stronger cash generation.

Negative

• Famous Footwear net sales fell to $374.4 million from $399.6 million in Q2 2025, with comparable sales down 5.9%, and are expected to decline low-single digits in Q3 and full-year 2026.
• Excluding Stuart Weitzman, Q2 net sales were $653.0 million, down 0.8% year over year, showing flat-to-slightly weaker underlying revenue without the acquisition.
• A large $57.4 million tariff refund recovery materially boosted Q2 and year-to-date GAAP earnings, making current GAAP EPS less indicative of ongoing run-rate profitability.
• Cash and cash equivalents were $50.9 million at August 1, 2026, down from $191.5 million a year earlier, while borrowings under the revolving credit agreement remained significant at $288.0 million.

Filing Explained

As of August 1, Caleres reported $50,920 cash alongside $288,000 of revolver borrowings; the 8-K furnishes results without filing liability.

This Form 8-K reports Caleres’ unaudited results for the 13 weeks ended August 1, 2026, with the disclosure still at the reporting stage rather than a completed financing or ownership event.

Form 8-K is used to report specified material events; here, Item 2.02 and Exhibit 99.1 were furnished and the company states they are not deemed filed under Section 18 or incorporated by reference unless specifically referenced.

At August 1, 2026, Caleres reported $50,920 of cash and cash equivalents and $288,000 of borrowings under its revolving credit agreement.

For the 26 weeks ended that date, operating activities provided $55,777 of cash, while financing activities used $17,630, including $4,767 of dividends and $3,123 for treasury stock.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net sales Q2 2026: $695.5 million Net earnings attributable to Caleres, Inc. Q2 2026: $58.6 million Diluted EPS Q2 2026 (GAAP): $1.71 +5 more

8 metrics

Net sales Q2 2026 $695.5 million Thirteen weeks ended August 1, 2026, up 5.6% from $658.5 million in Q2 2025

Net earnings attributable to Caleres, Inc. Q2 2026 $58.6 million Versus $6.7 million in the prior-year quarter

Diluted EPS Q2 2026 (GAAP) $1.71 Up from $0.20 in Q2 2025

Adjusted diluted EPS Q2 2026 $0.47 Versus adjusted diluted EPS of $0.35 in Q2 2025

Tariff refund recovery impact (year-to-date 2026) $57.4 million pre-tax; $42.6 million net; $1.25 per diluted share Excluded in adjusted earnings measures

Famous Footwear comparable sales Q2 2026 -5.9% Comparable sales on a 13-week basis versus prior year

Cash and cash equivalents $50.9 million Balance at August 1, 2026, versus $191.5 million at August 2, 2025

Borrowings under revolving credit agreement $288.0 million Outstanding at August 1, 2026, versus $387.5 million a year earlier

Key Terms

tariff refund recovery, adjusted diluted earnings per share, Brand Portfolio, comparable sales, +2 more

6 terms

tariff refund recovery financial

"Tariff refund recovery (1) ... impact of charges/other items"

adjusted diluted earnings per share financial

"Adjusted diluted earnings per share ... $0.84 ... $0.56"

Adjusted diluted earnings per share is the company’s net profit per share after accounting for potential extra shares (from options or convertible securities) and removing one‑time or unusual items so the number reflects ongoing business results. Think of it like timing a runner’s steady pace after excluding a few unexpected stops; it gives investors a clearer view of sustainable profit available to each share. Investors use it to compare companies and judge underlying profitability and valuation without short‑term distortions.

Brand Portfolio financial

"In our Brand Portfolio, we experienced broad-based gains across brands"

comparable sales financial

"Comparable sales % (on a 13-week basis) ... (5.9)%"

"Comparable sales" are the total sales from stores or products that have been open for a certain period, usually the same time last year or last quarter. They help show whether a business is growing by comparing similar locations or products over time, much like checking if your favorite store's sales are going up compared to previous years.

gross margin financial

"Gross margin is expected to improve 150 to 200 basis points"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

non-GAAP financial measures financial

"the company’s financial results are provided ... using certain non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

Earnings Snapshot

Net sales (quarter): $695.5 million · Guidance included

Quarter and twenty-six weeks ended August 1, 2026

Net sales (quarter) $695.5 million Up 5.6% from $658.5 million in the prior-year quarter

Net earnings attributable to Caleres, Inc. (quarter) $58.6 million Up from $6.7 million in the prior-year quarter

Diluted EPS (GAAP, quarter) $1.71 Increased from $0.20 in Q2 2025

Adjusted diluted EPS (quarter) $0.47 Increased from $0.35 in Q2 2025

Gross margin (consolidated, quarter) 54.8% Up from 43.4% in Q2 2025

Net cash provided by operating activities (26 weeks) $55.8 million Up from $41.6 million in the prior-year period

Guidance

For Q3 2026, Caleres expects consolidated net sales up low-single digits, gross margin up 150–200 basis points, tax rate 23%–25%, and GAAP diluted EPS of $0.62–$0.70. For fiscal 2026, it guides to net sales up low-to-mid-single digits, gross margin up 180–220 basis points, GAAP EPS of $2.80–$2.95, and adjusted EPS of $1.50–$1.65.

FAQ

How did Caleres (CAL) perform financially in the second quarter of 2026?

Caleres reported Q2 2026 net sales of $695.5 million, up 5.6% year over year. Net earnings attributable to Caleres were $58.6 million with diluted EPS of $1.71, compared to $6.7 million and $0.20 a year earlier, aided by a tariff refund recovery.

What were Caleres (CAL) adjusted earnings in Q2 2026?

Adjusted net earnings attributable to Caleres were $16.1 million in Q2 2026, with adjusted diluted EPS of $0.47, up from $0.35 in Q2 2025. Adjustments primarily exclude a $57.4 million tariff refund recovery and certain acquisition- and restructuring-related items.

How did the Brand Portfolio and Famous Footwear segments perform for Caleres (CAL) in Q2 2026?

In Q2 2026, Famous Footwear net sales were $374.4 million, down from $399.6 million, with comparable sales down 5.9%. Brand Portfolio net sales were $340.6 million, up from $275.6 million, with adjusted gross margin at 49.1%.

What guidance did Caleres (CAL) give for third quarter 2026?

For Q3 2026, Caleres expects consolidated net sales to increase low-single digits versus last year, gross margin to improve 150–200 basis points, a tax rate of 23%–25%, and GAAP diluted EPS of $0.62–$0.70.

What is Caleres (CAL) full-year 2026 outlook for sales and earnings?

For full-year 2026, Caleres anticipates net sales up low-to-mid-single digits, consolidated gross margin up 180–220 basis points, interest expense of $16–$17 million, and GAAP diluted EPS of $2.80–$2.95 or adjusted EPS of $1.50–$1.65.

How strong is Caleres (CAL) cash flow and balance sheet as of August 1, 2026?

For the first 26 weeks of 2026, Caleres generated $55.8 million of net cash from operating activities. At August 1, 2026, it held $50.9 million in cash and cash equivalents and had $288.0 million of borrowings under its revolving credit agreement.

What non-GAAP adjustments affected Caleres (CAL) 2026 results?

Key adjustments include a $57.4 million tariff refund recovery, Stuart Weitzman acquisition and integration costs, a $3.9 million gain on sale of the corporate headquarters, and expense reduction initiatives, all excluded in calculating adjusted earnings and adjusted EPS.

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0000014707false00000147072026-09-092026-09-09

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 9, 2026

CALERES, INC.

(Exact name of registrant as specified in its charter)

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New York	​	1-2191	​	43-0197190
(State or other jurisdiction of		​		​
incorporation or organization)	​	(Commission File Number)	​	(IRS Employer Identification Number)

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8300 Maryland Avenue St. Louis, Missouri	​ ​ ​	63105
(Address of principal executive offices)		(Zip Code)

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(314) 854-4000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock - par value of $0.01 per share	CAL	New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02   Results of Operations and Financial Condition

On September 9, 2026, Caleres, Inc. (the "Company") issued a press release (the "Press Release") announcing, among other things, its results of operations for the quarter ended August 1, 2026. A copy of the Press Release is being furnished as Exhibit 99.1 hereto, and the statements contained therein are incorporated by reference herein.

In accordance with General Instruction B.2. of Form 8-K, the information contained in Item 2.02 and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01   Financial Statements and Exhibits

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(d)	Exhibits	​
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Exhibit Number		​	Description
99.1		​	Press Release Issued September 9, 2026
104		​	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	​ ​ ​	CALERES, INC.
		(Registrant)
Date:  September 9, 2026	​	/s/ Thomas C. Burke
		Thomas C. Burke
		Senior Vice President, General Counsel and Secretary

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Exhibit 99.1

September 9, 2026

​

Caleres Reports Second Quarter 2026 Results
Second quarter adjusted EPS exceeds expectations; Brand Portfolio delivers strong organic growth and margin expansion.

​

● Reported second quarter net sales of $695.5 million, up 5.6%.

o Brand Portfolio sales growth was broad-based, up 23.6% and 8.2% organically.

o International up 57.0% and 18.2% organically.

o Stuart Weitzman tracking in line with our expectations.

o Famous Footwear sales declined 6.3%, with comparable sales down 5.9%.

● Grew market share in Total Footwear, while Brand Portfolio gained share in Women’s Fashion Footwear.

● GAAP consolidated gross margin expanded 1,140 basis points to 54.8%, driven by Brand Portfolio and tariff refunds. Excluding tariff refunds, adjusted gross margin was up 340 basis points to 46.8%.

● Reported second quarter GAAP earnings per diluted share of $1.71 versus $0.20 last year, or adjusted earnings per diluted share of $0.47 versus $0.35 last year.

● Expects third quarter 2026 consolidated net sales up low-single digits, with GAAP earnings per diluted share of $0.62 to $0.70.

● Expects full-year 2026 consolidated net sales up low-to-mid-single digits and GAAP earnings per diluted share of $2.80 to $2.95, with adjusted earnings per diluted share of $1.50 to $1.65 versus prior guidance of $1.40 to $1.65.

Sam Edelman Alie Ballet Flats

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ST. LOUIS --(BUSINESS WIRE)-- Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the second quarter 2026.

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“We are pleased with our second quarter performance. In our Brand Portfolio, we experienced broad-based gains across brands, channels, and geographies and we gained market share in Women’s Fashion Footwear, according to Circana,” said Jay Schmidt, president and chief executive officer. “At Famous Footwear, results were below our expectations, as a later Back-to-School season and softness in lifestyle athletic pressured sales and margins. Quarter to date through Labor Day, Famous Footwear comparable store sales are flat.

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“Despite the shift in Back-to-School, Caleres delivered strong profit improvement and earnings ahead of our guidance. Fashion footwear is clearly seeing breakout momentum – and Caleres’ brands are resonating with consumers. Within Famous Footwear, we are pivoting to quickly align our assortment with changing consumer demand, emphasizing fashion, which continues to meaningfully outperform lifestyle athletic products quarter to date.”

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“We’re operating in an environment that remains dynamic, but our focus is clear. We will capitalize on the strength in our Brand Portfolio, improve performance at Famous Footwear, and continue rebuilding earnings power.”

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Second Quarter 2026 Results

(13 weeks ended August 1, 2026, compared to 13 weeks ended August 2, 2025)

●Net sales were $695.5 million, up 5.6% versus second quarter 2025, and $653.0 million when excluding Stuart Weitzman, down 0.8% to second quarter 2025.

1

o Brand Portfolio net sales increased 23.6% to last year, and 8.2% when excluding Stuart Weitzman.

o Famous Footwear net sales decreased 6.3% to last year, with comparable sales down 5.9%.

o Direct-to-consumer sales represented approximately 71% of total net sales.

● GAAP gross profit was $381.0 million, with gross margin of 54.8%, up 1,140 basis points to last year, fueled by $55.6 million in tariff refunds. Excluding tariff refunds, adjusted gross profit was $325.4 million, or 46.8% of net sales, up 340 basis points to last year.

o Brand Portfolio adjusted gross margin was 49.1%, up 880 basis points to last year.

o Famous Footwear gross margin was 42.7%, down 100 basis points to last year.

● Selling and administrative expenses were $303.4 million, or 43.6% of net sales, deleveraged 270 basis points to last year, primarily reflecting expenses related to Stuart Weitzman. Excluding Stuart Weitzman, selling and administrative expenses were $279.9 million, or 42.9% of net sales.

● GAAP net earnings were $58.6 million, or $1.71 per diluted share, compared to $6.7 million, or $0.20 per diluted share, last year. Adjusted net earnings, excluding tariff refunds, were $16.1 million, or $0.47 per diluted share, compared to last year’s adjusted net earnings of $11.7 million, or $0.35 per diluted share.

● Inventory was $754.2 million at quarter-end, up $61.0 million to last year. Excluding $69.0 million of inventory attributable to Stuart Weitzman, inventory was down 1.2%.

● Borrowings under the asset-based revolving credit facility were $288.0 million at quarter-end, with $357.3 million in availability under our revolver.

​
Third Quarter & Full Year Outlook

For third quarter 2026, we expect consolidated net sales to increase low-single digits versus last year. Brand Portfolio sales are anticipated to increase in the mid-high-single digit percent range. Famous Footwear sales and comparable sales are expected to be down low-single digits. Gross margin is expected to improve 150 to 200 basis points, reflecting tariff mitigation efforts and lower current tariff rates. We anticipate a third quarter tax rate of 23% to 25%. We expect GAAP earnings per diluted share of $0.62 to $0.70.

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For full-year 2026, we anticipate total sales to increase low-to-mid-single digits. Brand Portfolio sales are expected to be up low-double digits. Famous Footwear sales and comparable sales are expected to be down low-to-mid-single digits. Consolidated gross margin is expected to improve 180 to 220 basis points. We anticipate interest expense of approximately $16 to $17 million, a full-year tax rate of 24% to 26%, and capital expenditures of $50 to $55 million. We expect GAAP earnings per diluted share of $2.80 to $2.95, and adjusted earnings per diluted share of $1.50 to $1.65.
​

Third Quarter Outlook
Net Sales	Up low-single digits
Gross Margin	Up 150 to 200 bps
Tax Rate	23% to 25%
GAAP EPS	$0.62 to $0.70

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Full Year Outlook
Net Sales	Up low-to-mid-single digits
Gross Margin	Up 180 to 220 bps
Interest Expense	$16 to $17 million
Tax Rate	24% to 26%
GAAP EPS	$2.80 to $2.95
Adjusted EPS	$1.50 to $1.65
Capital Expenditures	$50 to $55 million

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Investor Conference Call

Caleres will host a conference call at 10:00 a.m. ET today, September 9, 2026. The webcast and associated slides will be available at investor.caleres.com/events-and-presentations. A live conference call will be available at (877) 704-4453 for North America participants or (201) 389-0920 for international participants; no passcode necessary. A replay will also be available at investor.caleres.com/events-and-presentations for a limited period. Investors can access the replay through September 23, 2026, by dialing (844) 512-2921 in North America or (412) 317-6671 internationally and using the pin 13761988.

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About Caleres

Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere — in the ~1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-Commerce sites, and on many additional third-party retail websites. Combined, these brands make Caleres a company with both a legacy and a mission. Our legacy is nearly 150 years of craftsmanship and our passion for fit, while our mission is to continue to inspire people to feel great… feet first. Visit caleres.com to learn more about us.

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Definitions

All references in this press release, outside of the condensed consolidated financial statements that follow, unless otherwise noted, related to net earnings attributable to Caleres, Inc. and diluted earnings per common share attributable to Caleres, Inc. shareholders, are presented as net earnings and earnings per diluted share, respectively.

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Non-GAAP Financial Measures

In this press release, the company’s financial results are provided both in accordance with generally accepted accounting principles (GAAP) and using certain non-GAAP financial measures. In particular, the company provides estimated and future gross profit, operating earnings (loss), net earnings and earnings per diluted share, adjusted to exclude certain gains, charges and tariff refund recoveries and the financial results of the acquired Stuart Weitzman business, which are non-GAAP financial measures. These results are included as a complement to results provided in accordance with GAAP because management believes these non-GAAP financial measures help identify underlying trends in the company’s business and provide useful information to both management and investors by excluding certain items that may not be indicative of the company’s core operating results. These measures should not be considered a substitute for or superior to GAAP results.

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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking statements and expectations regarding the company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include (i) changes in United States and international trade policies, including tariffs and trade restrictions; (ii) changing consumer demands, which may be influenced by general economic conditions and other factors; (iii) inflationary pressures and supply chain disruptions; (iv) rapidly changing consumer preferences and purchasing patterns and fashion trends; (v) supplier concentration, customer concentration and increased consolidation in the retail industry; (vi) intense competition within the footwear industry; (vii) foreign currency fluctuations; (viii) political and economic conditions or other threats to the continued and uninterrupted flow of inventory from China and other countries, where the company relies heavily on third-party manufacturing facilities for a significant amount of its inventory; (ix) transitional challenges with acquisitions and divestitures; (x) cybersecurity threats or other major disruption to the company’s information technology; (xi) the ability to accurately forecast sales and manage inventory levels; (xii) a disruption in the company’s distribution centers; (xiii) the ability to recruit and retain senior management and other key associates; (xiv) the ability to secure/exit leases on favorable terms; (xv) changes to tax laws, policies and treaties; (xvi) our commitments and shareholder expectations related to responsible business initiatives; (xvii) compliance with applicable laws and standards with respect to labor, trade and product safety issues; and (xviii) the ability to attract, retain, and maintain good relationships with licensors and protect our intellectual property rights.

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The company's reports to the Securities and Exchange Commission contain detailed information relating to such factors, including, without limitation, the information under the caption Risk Factors in Item 1A of the company’s Annual Report on Form 10-K for the year ended January 31, 2026, which information is incorporated by reference herein and updated by the company’s Quarterly Reports on Form 10-Q. The company does not undertake any obligation or plan to update these forward-looking statements, even though its situation may change.

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4

SCHEDULE 1

CALERES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

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(Unaudited)

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Thirteen Weeks Ended

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Twenty-Six Weeks Ended

($ thousands, except per share amounts)

​ ​ ​

August 1, 2026

​ ​ ​

August 2, 2025

​ ​ ​

August 1, 2026

​ ​ ​

August 2, 2025

Net sales

​

$

695,454

​

$

658,519

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$

1,362,053

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$

1,272,740

Cost of goods sold

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314,479

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372,724

​

665,606

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708,251

Gross profit

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380,975

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285,795

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696,447

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564,489

Selling and administrative expenses

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303,361

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269,747

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597,090

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536,230

Restructuring and other special charges, net

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—

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6,756

​

(2,126)

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7,383

Operating earnings

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77,614

​

9,292

​

101,483

​

20,876

Interest expense, net

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(4,387)

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(4,497)

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(9,068)

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(8,291)

Other income, net

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4,504

​

993

​

5,670

​

1,677

Earnings before income taxes

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77,731

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5,788

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98,085

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14,262

Income tax (provision) benefit

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(18,310)

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1,273

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(24,913)

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(1,256)

Net earnings

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59,421

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7,061

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73,172

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13,006

Net earnings (loss) attributable to noncontrolling interests

​

779

​

348

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252

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(650)

Net earnings attributable to Caleres, Inc.

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$

58,642

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$

6,713

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$

72,920

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$

13,656

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​

​

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Basic earnings per common share attributable to Caleres, Inc. shareholders

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$

1.72

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$

0.20

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$

2.15

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$

0.40

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Diluted earnings per common share attributable to Caleres, Inc. shareholders

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$

1.71

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$

0.20

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$

2.14

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$

0.40

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5

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SCHEDULE 2

CALERES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

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​	​	(Unaudited)
($ thousands)	​ ​ ​	August 1, 2026		​ ​ ​	August 2, 2025
ASSETS		​	​		​	​
Cash and cash equivalents	​	$	50,920	​	$	191,494
Receivables, net	​		152,966	​		136,070
Inventories, net	​		754,241	​		693,282
Property and equipment, held for sale	​	​	—	​	​	16,777
Prepaid expenses and other current assets	​		90,557	​		61,795
Total current assets	​		1,048,684	​		1,099,418
​	​	​	​	​	​	​
Lease right-of-use assets	​		557,041	​		551,167
Property and equipment, net	​		198,215	​		185,628
Goodwill and intangible assets, net	​		198,968	​		186,756
Other assets	​		133,434	​		129,259
Total assets	​	$	2,136,342	​	$	2,152,228
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LIABILITIES AND EQUITY	​		​	​		​
Borrowings under revolving credit agreement	​	$	288,000	​	$	387,500
Trade accounts payable	​		284,726	​		296,327
Lease obligations	​		123,229	​		115,837
Other accrued expenses	​		247,171	​		215,423
Total current liabilities	​		943,126	​		1,015,087
​	​	​	​	​	​	​
Noncurrent lease obligations	​		466,082	​		465,794
Other liabilities	​		45,315	​		49,403
Total other liabilities	​		511,397	​		515,197
​	​	​	​	​	​	​
Total Caleres, Inc. shareholders’ equity	​		673,562	​		613,296
Noncontrolling interests	​		8,257	​		8,648
Total equity	​		681,819	​		621,944
Total liabilities and equity	​	$	2,136,342	​	$	2,152,228

​

​

6

​

SCHEDULE 3

CALERES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

​

​	​	​	​	​	​	​
​	​	(Unaudited)
($ thousands)	​ ​ ​	August 1, 2026		​ ​ ​	August 2, 2025
OPERATING ACTIVITIES:		​	​		​	​
Net cash provided by operating activities	​	$	55,777	​	$	41,646
​	​	​	​	​	​	​
INVESTING ACTIVITIES:	​		​	​		​
Purchases of property and equipment	​		(19,104)	​		(32,877)
Proceeds from sale of headquarters	​	​	3,951	​	​	—
Capitalized software	​		(1,459)	​		(1,195)
Adjustment to acquisition of Stuart Weitzman	​	​	(307)	​	​	—
Net cash used for investing activities	​		(16,919)	​		(34,072)
​	​	​	​	​	​	​
FINANCING ACTIVITIES:	​		​	​		​
Borrowings under revolving credit agreement	​		207,850	​		643,500
Repayments under revolving credit agreement	​		(216,350)	​		(475,500)
Debt issuance costs	​	​	—	​	​	(2,920)
Dividends paid	​		(4,767)	​		(4,729)
Acquisition of treasury stock	​		(3,123)	​		(5,049)
Issuance of common stock under share-based plans, net	​		(2,090)	​		(3,331)
Contributions by noncontrolling interests	​	​	850	​	​	2,250
Net cash (used for) provided by financing activities	​		(17,630)	​		154,221
Effect of exchange rate changes on cash and cash equivalents	​		(77)	​		63
Increase in cash and cash equivalents	​		21,151	​		161,858
Cash and cash equivalents at beginning of period	​		29,769	​		29,636
Cash and cash equivalents at end of period	​	$	50,920	​	$	191,494

​

​

7

SCHEDULE 4

CALERES, INC.

RECONCILIATION OF NET EARNINGS AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

​

Thirteen Weeks Ended

​

​

August 1, 2026

​

August 2, 2025

​

​ ​ ​

​

​

​ ​ ​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​ ​ ​

​

​

​

​

Pre-Tax

​

Net Earnings

​

​

​

​

Pre-Tax

​

Net Earnings

​

​

​

​

Impact of

​

Attributable

​

​

Diluted

​

Impact of

​

Attributable

​

Diluted

​

​

Charges/Other

​

to Caleres,

​

​

Earnings

​

Charges/Other

​

to Caleres,

​

Earnings

($ thousands, except per share data)

​

Items

​

Inc.

​

​

Per Share

​

Items

​

Inc.

​

Per Share

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

GAAP earnings

​

​

​

​

$

58,642

​

$

1.71

​

​

​

$

6,713

​

$

0.20

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Charges/other items:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery(1)

​

$

(57,354)

​

​

(42,591)

​

​

(1.24)

​

$

—

​

​

—

​

​

—

Stuart Weitzman acquisition and integration costs

​

​

—

​

​

—

​

​

—

​

​

2,259

​

​

1,678

​

​

0.05

Expense reduction initiatives

​

—

​

—

​

—

​

4,497

​

3,339

​

0.10

Total charges/other items

​

$

(57,354)

​

$

(42,591)

​

$

(1.24)

​

$

6,756

​

$

5,017

​

$

0.15

Adjusted earnings

​

​

​

​

$

16,051

​

$

0.47

​

​

​

​

$

11,730

​

$

0.35

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

​

Twenty-Six Weeks Ended

​

​

August 1, 2026

​

August 2, 2025

​

​ ​ ​

​

​

​ ​ ​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​ ​ ​

​

​

​

​

Pre-Tax

​

Net Earnings

​

​

​

Pre-Tax

​

Net Earnings

​

​

​

​

Impact of

​

Attributable

​

Diluted

​

Impact of

​

Attributable

​

Diluted

​

​

Charges/Other

​

to Caleres,

​

Earnings

​

Charges/Other

​

to Caleres,

​

Earnings

($ thousands, except per share data)

​

Items

​

Inc.

​

Per Share

​

Items

​

Inc.

​

Per Share

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

GAAP earnings

​

​

​

​

$

72,920

​

$

2.14

​

​

​

$

13,656

​

$

0.40

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Charges/other items:

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery(1)

​

$

(57,354)

​

​

(42,591)

​

​

(1.25)

​

$

—

​

​

—

​

​

—

Stuart Weitzman acquisition and integration costs

​

​

1,814

​

​

1,347

​

​

0.04

​

​

2,886

​

​

2,143

​

​

0.06

Gain on sale of corporate headquarters

​

​

(3,940)

​

​

(2,926)

​

​

(0.09)

​

​

—

​

​

—

​

​

—

Expense reduction initiatives

​

​

—

​

​

—

​

​

—

​

​

4,497

​

​

3,339

​

​

0.10

Total charges/other items

​

$

(59,480)

​

$

(44,170)

​

$

(1.30)

​

$

7,383

​

$

5,482

​

$

0.16

Adjusted earnings

​

​

​

​

$

28,750

​

$

0.84

​

​

​

​

$

19,138

​

$

0.56

​

​

(1) Tariff refund recovery includes $55.6 million of IEEPA tariff recoveries, which are reflected in Cost of goods sold, and $1.8 million of interest received, which is included in Other income, net.

​

8

SCHEDULE 5

CALERES, INC.

SUMMARY FINANCIAL RESULTS BY SEGMENT

SUMMARY FINANCIAL RESULTS

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	(Unaudited)
​	​	Thirteen Weeks Ended
​	​	Famous Footwear					​	Brand Portfolio					​	Eliminations and Other					​	Consolidated
​	​ ​ ​	August 1,		​	August 2,		​	August 1,		​	August 2,		​ ​ ​	August 1,		​	August 2,		​	August 1,		​	August 2,
($ thousands)	​	2026		​	2025		​	2026		​	2025		​	2026		​	2025		​	2026		​	2025
Net sales	​	$	374,360	​	$	399,593	​	$	340,597	​	$	275,620	​	$	(19,503)	​	$	(16,694)	​	$	695,454	​	$	658,519	​
Net sales, excluding Stuart Weitzman (1)	​	​	374,360	​	​	399,593	​	​	298,104	​	​	275,620	​	​	(19,503)	​	​	(16,694)	​	​	652,961	​	​	658,519	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Gross profit	​		159,808	​		174,731	​		222,754	​		111,055	​		(1,587)	​		9	​		380,975	​		285,795	​
Adjusted gross profit	​		159,808	​		174,731	​		167,192	​		111,055	​		(1,587)	​		9	​		325,413	​		285,795	​
Adjusted gross profit, excluding Stuart Weitzman	​	​	159,808	​		174,731	​		146,722	​		111,055	​		(1,587)	​		9	​		304,943	​		285,795	​
Gross margin	​		42.7	%		43.7	%		65.4	%		40.3	%		8.1	%		(0.1)	%		54.8	%		43.4	%
Adjusted gross margin	​		42.7	%		43.7	%		49.1	%		40.3	%		8.1	%		(0.1)	%		46.8	%		43.4	%
Adjusted gross margin, excluding Stuart Weitzman	​	​	42.7	%		43.7	%		49.2	%		40.3	%		8.1	%		(0.1)	%		46.7	%		43.4	%
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Operating earnings (loss)	​		5,164	​		18,551	​		91,248	​		6,649	​		(18,798)	​		(15,908)	​		77,614	​		9,292	​
Adjusted operating earnings (loss)	​		5,164	​		18,674	​		35,686	​		8,441	​		(18,798)	​		(11,067)	​		22,052	​		16,048	​
Adjusted operating earnings (loss), excluding Stuart Weitzman	​	​	5,164	​		18,674	​		38,717	​		8,441	​		(18,798)	​		(11,067)	​		25,083	​		16,048	​
Operating margin	​		1.4	%		4.6	%		26.8	%		2.4	%		n/m	%		n/m	%		11.2	%		1.4	%
Adjusted operating margin	​		1.4	%		4.7	%		10.5	%		3.1	%		n/m	%		n/m	%		3.2	%		2.4	%
Adjusted operating margin, excluding Stuart Weitzman	​	​	1.4	%		4.7	%		13.0	%		3.1	%		n/m	%		n/m	%		3.8	%		2.4	%
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comparable sales % (on a 13-week basis)	​		(5.9)	%		(3.4)	%		5.7	%		3.9	%		—	%		—	%		—	%		—	%
Company-operated stores, end of period	​		814	​		830	​		174	​		118	​		—	​		—	​		988	​		948	​

​

n/m – Not meaningful

​

(1) Stuart Weitzman net sales were $42.5 million in the thirteen weeks ended August 1, 2026.

9

SCHEDULE 5

CALERES, INC.

SUMMARY FINANCIAL RESULTS BY SEGMENT

​

​

RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

​

Thirteen Weeks Ended

​

​

Famous Footwear

​

Brand Portfolio

​

Eliminations and Other

​

Consolidated

​

​ ​ ​

August 1,

​

August 2,

​

August 1,

​

August 2,

​ ​ ​

August 1,

​

August 2,

​

August 1,

​

August 2,

($ thousands)

​

2026

​

2025

​

2026

​

2025

​

2026

​

2025

​

2026

​

2025

Gross profit

​

$

159,808

​

$

174,731

​

$

222,754

​

$

111,055

​

$

(1,587)

​

$

9

​

$

380,975

​

$

285,795

Charges/Other Items:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery

​

—

​

—

​

(55,562)

​

—

​

—

​

—

​

(55,562)

​

—

Adjusted gross profit

​

$

159,808

​

$

174,731

​

$

167,192

​

$

111,055

​

$

(1,587)

​

$

9

​

$

325,413

​

$

285,795

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman gross profit

​

​

—

​

—

​

20,470

​

—

​

—

​

—

​

20,470

​

—

Adjusted gross profit, excluding Stuart Weitzman

​

$

159,808

​

$

174,731

​

$

146,722

​

$

111,055

​

$

(1,587)

​

$

9

​

$

304,943

​

$

285,795

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating earnings (loss)

​

$

5,164

​

$

18,551

​

$

91,248

​

$

6,649

​

$

(18,798)

​

$

(15,908)

​

$

77,614

​

$

9,292

Charges/Other Items:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery

​

​

—

​

​

—

​

​

(55,562)

​

​

—

​

​

—

​

​

—

​

​

(55,562)

​

—

Stuart Weitzman acquisition and integration costs

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,259

​

​

—

​

2,259

Expense reduction initiatives

​

—

​

123

​

—

​

1,792

​

—

​

2,582

​

—

​

4,497

Total charges/other items

​

—

​

123

​

(55,562)

​

1,792

​

—

​

4,841

​

(55,562)

​

6,756

Adjusted operating earnings (loss)

​

$

5,164

​

$

18,674

​

$

35,686

​

$

8,441

​

$

(18,798)

​

$

(11,067)

​

$

22,052

​

$

16,048

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman operating loss

​

​

—

​

​

—

​

​

(3,031)

​

​

—

​

​

—

​

​

—

​

​

(3,031)

​

​

—

Adjusted operating earnings (loss), excluding Stuart Weitzman

​

$

5,164

​

$

18,674

​

$

38,717

​

$

8,441

​

$

(18,798)

​

$

(11,067)

​

$

25,083

​

$

16,048

​

​

​

​

​

​

​

​

​

​

​

​

10

SCHEDULE 5

CALERES, INC.

SUMMARY FINANCIAL RESULTS BY SEGMENT

SUMMARY FINANCIAL RESULTS

​

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	(Unaudited)
​	​	Twenty-Six Weeks Ended																							​
​	​	Famous Footwear					​	Brand Portfolio					​	Eliminations and Other					​	Consolidated
​	​ ​ ​	August 1,		​	August 2,		​	August 1,		​	August 2,		​ ​ ​	August 1,		​	August 2,		​	August 1,		​	August 2,
($ thousands)	​	2026		​	2025		​	2026		​	2025		​	2026		​	2025		​	2026		​	2025
Net sales	​	$	693,681	​	$	727,269	​	$	696,867	​	$	571,015	​	$	(28,495)	​	$	(25,544)	​	$	1,362,053	​	$	1,272,740	​
Net sales, excluding Stuart Weitzman (2)	​	​	693,681	​	​	727,269	​	​	610,513	​	​	571,015	​	​	(28,495)	​	​	(25,544)	​	​	1,275,699	​	​	1,272,740	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Gross profit	​		299,814	​		323,173	​		397,265	​		240,341	​		(632)	​		975	​		696,447	​		564,489	​
Adjusted gross profit	​		299,814	​		323,173	​		341,703	​		240,341	​		(632)	​		975	​		640,885	​		564,489	​
Adjusted gross profit, excluding Stuart Weitzman	​	​	299,814	​		323,173	​		297,008	​		240,341	​		(632)	​		975	​		596,190	​		564,489	​
Gross margin	​		43.2	%		44.4	%		57.0	%		42.1	%		2.2	%		(3.8)	%		51.1	%		44.4	%
Adjusted gross margin	​		43.2	%		44.4	%		49.0	%		42.1	%		2.2	%		(3.8)	%		47.1	%		44.4	%
Adjusted gross margin, excluding Stuart Weitzman	​	​	43.2	%		44.4	%		48.6	%		42.1	%		2.2	%		(3.8)	%		46.7	%		44.4	%
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Operating earnings (loss)	​		4,727	​		23,525	​		130,340	​		24,064	​		(33,584)	​		(26,713)	​		101,483	​		20,876	​
Adjusted operating earnings (loss)	​		4,727	​		23,648	​		75,235	​		25,856	​		(36,167)	​		(21,245)	​		43,795	​		28,259	​
Adjusted operating earnings (loss), excluding Stuart Weitzman	​	​	4,727	​		23,648	​		79,704	​		25,856	​		(36,167)	​		(21,245)	​		48,264	​		28,259	​
Operating margin	​		0.7	%		3.2	%		18.7	%		4.2	%		n/m	%		n/m	%		7.5	%		1.6	%
Adjusted operating margin			0.7	%		3.3	%		10.8	%		4.5	%		n/m	%		n/m	%		3.2	%		2.2	%
Adjusted operating margin, excluding Stuart Weitzman	​	​	0.7	%		3.3	%		13.1	%		4.5	%		n/m	%		n/m	%		3.8	%		2.2	%
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comparable sales % (on a 26-week basis)	​		(4.3)	%		(3.9)	%		6.2	%		1.1	%		—	%		—	%		—	%		—	%
Company-operated stores, end of period	​		814	​		830	​		174	​		118	​		—	​		—	​		988	​		948	​

​

​

n/m – Not meaningful

​

(2) Stuart Weitzman net sales were $86.4 million in the twenty-six weeks ended August 1, 2026.

​

​

​

​

​

​

​

​

11

SCHEDULE 5

CALERES, INC.

SUMMARY FINANCIAL RESULTS BY SEGMENT

​

​

RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

​

Twenty-Six Weeks Ended

​

​

Famous Footwear

​

Brand Portfolio

​

Eliminations and Other

​

Consolidated

​

​ ​ ​

August 1,

​

August 2,

​

August 1,

​

August 2,

​ ​ ​

August 1,

​

August 2,

​

August 1,

​

August 2,

($ thousands)

​

2026

​

2025

​

2026

​

2025

​

2026

​

2025

​

2026

​

2025

Gross profit

​

$

299,814

​

$

323,173

​

$

397,265

​

$

240,341

​

$

(632)

​

$

975

​

$

696,447

​

$

564,489

Charges/Other Items:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery

​

​

—

​

​

—

​

​

(55,562)

​

​

—

​

​

—

​

​

—

​

​

(55,562)

​

​

—

Adjusted gross profit

​

$

299,814

​

$

323,173

​

$

341,703

​

$

240,341

​

$

(632)

​

$

975

​

$

640,885

​

$

564,489

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman gross profit

​

​

—

​

—

​

44,695

​

—

​

—

​

—

​

44,695

​

—

Adjusted gross profit, excluding Stuart Weitzman

​

$

299,814

​

$

323,173

​

$

297,008

​

$

240,341

​

$

(632)

​

$

975

​

$

596,190

​

$

564,489

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating earnings (loss)

​

$

4,727

​

$

23,525

​

$

130,340

​

$

24,064

​

$

(33,584)

​

$

(26,713)

​

$

101,483

​

$

20,876

Charges/Other Items:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery

​

​

—

​

​

—

​

​

(55,562)

​

​

—

​

​

—

​

​

—

​

​

(55,562)

​

—

Stuart Weitzman acquisition and integration costs

​

​

—

​

​

—

​

​

457

​

​

—

​

​

1,357

​

​

2,886

​

​

1,814

​

2,886

Gain on sale of corporate headquarters

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(3,940)

​

​

—

​

​

(3,940)

​

—

Expense reduction initiatives

​

—

​

123

​

—

​

1,792

​

—

​

2,582

​

—

​

4,497

Total charges/other items

​

—

​

123

​

(55,105)

​

1,792

​

(2,583)

​

5,468

​

(57,688)

​

7,383

Adjusted operating earnings (loss)

​

$

4,727

​

$

23,648

​

$

75,235

​

$

25,856

​

$

(36,167)

​

$

(21,245)

​

$

43,795

​

$

28,259

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stuart Weitzman operating loss

​

​

—

​

​

—

​

​

(4,469)

​

​

—

​

​

—

​

​

—

​

​

(4,469)

​

​

—

Adjusted operating earnings (loss), excluding Stuart Weitzman

​

$

4,727

​

$

23,648

​

$

79,704

​

$

25,856

​

$

(36,167)

​

$

(21,245)

​

$

48,264

​

$

28,259

​

​

​

12

SCHEDULE 6

CALERES, INC.

BASIC AND DILUTED EARNINGS PER SHARE RECONCILIATION

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

​

Thirteen Weeks Ended

​

Twenty-Six Weeks Ended

​

​

August 1, 2026

​

August 2, 2025

​

August 1, 2026

​

August 2, 2025

($ thousands, except per share data)

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings attributable to Caleres, Inc.:

​

​

​

​

​

​

​

​

Net earnings

​

$

59,421

​

$

7,061

​

$

73,172

​

$

13,006

Net (earnings) loss attributable to noncontrolling interests

​

(779)

​

(348)

​

(252)

​

650

Net earnings attributable to Caleres, Inc.

​

58,642

​

6,713

​

72,920

​

13,656

Net earnings allocated to participating securities

​

(2,358)

​

(263)

​

(2,745)

​

(502)

Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities

​

$

56,284

​

$

6,450

​

$

70,175

​

$

13,154

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic and diluted common shares attributable to Caleres, Inc.:

​

​

​

​

​

​

​

​

Basic common shares

​

32,665

​

32,494

​

32,643

​

32,509

Dilutive effect of share-based awards

​

162

​

127

​

153

​

127

Diluted common shares attributable to Caleres, Inc.

​

32,827

​

32,621

​

32,796

​

32,636

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic earnings per common share attributable to Caleres, Inc. shareholders

​

$

1.72

​

$

0.20

​

$

2.15

​

$

0.40

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per common share attributable to Caleres, Inc. shareholders

​

$

1.71

​

$

0.20

​

$

2.14

​

$

0.40

​

​

13

SCHEDULE 7

CALERES, INC.

BASIC AND DILUTED ADJUSTED EARNINGS PER SHARE RECONCILIATION

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

​

Thirteen Weeks Ended

​

Twenty-Six Weeks Ended

​

​

August 1, 2026

​

August 2, 2025

​

August 1, 2026

​

August 2, 2025

($ thousands, except per share data)

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted net earnings attributable to Caleres, Inc.:

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted net earnings

​

$

16,830

​

$

12,078

​

$

29,002

​

$

18,488

Net (earnings) loss attributable to noncontrolling interests

​

(779)

​

(348)

​

(252)

​

650

Adjusted net earnings attributable to Caleres, Inc.

​

16,051

​

11,730

​

28,750

​

19,138

Net earnings allocated to participating securities

​

(664)

​

(461)

​

(1,083)

​

(711)

Adjusted net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities

​

$

15,387

​

$

11,269

​

$

27,667

​

$

18,427

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic and diluted common shares attributable to Caleres, Inc.:

​

​

​

​

​

​

​

​

Basic common shares

​

32,665

​

32,494

​

32,643

​

32,509

Dilutive effect of share-based awards

​

162

​

127

​

153

​

127

Diluted common shares attributable to Caleres, Inc.

​

32,827

​

32,621

​

32,796

​

32,636

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic adjusted earnings per common share attributable to Caleres, Inc. shareholders

​

$

0.47

​

$

0.35

​

$

0.85

​

$

0.57

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted adjusted earnings per common share attributable to Caleres, Inc. shareholders

​

$

0.47

​

$

0.35

​

$

0.84

​

$

0.56

​

​

​

​

14

SCHEDULE 8

CALERES, INC.

RECONCILIATION OF DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Unaudited)

​

(Unaudited)

​

​

Third Quarter 2026 Guidance

​

Fiscal 2026 Guidance

​

​

Low

​

High

​

Low

​

High

​

​

​

​

​

​

​

​

​

​

​

​

​

GAAP diluted earnings per share

​

$

0.62

​

$

0.70

​

$

2.80

​

$

2.95

​

​

​

​

​

​

​

​

​

​

​

​

​

Tariff refund recovery

​

​

—

​

​

—

​

​

(1.25)

​

​

(1.25)

Stuart Weitzman acquisition and integration costs

​

​

—

​

​

—

​

​

0.04

​

​

0.04

Gain on sale of corporate headquarters

​

​

—

​

​

—

​

​

(0.09)

​

​

(0.09)

Adjusted diluted earnings per share

​

$

0.62

​

$

0.70

​

$

1.50

​

$

1.65

​

9

​

​

Investor Contact:
Liz Dunn

ldunn@caleres.com

15

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 1.1 MB

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 14.9 KB
• EX-101 EX-101.PRE 9.4 KB