Q4 2025 Caleres Inc Earnings Call Transcript
Key Points
- Earnings per share exceeded guidance with sales modestly above expectations and gross margin better than anticipated.
- Brand Portfolio sales increased 1.5% organically and 20.3% including Stuart Weitzman, with lead brands representing nearly 60% of sales.
- Famous Footwear gained market share in shoe chains, with e-commerce sales accelerating and up double digits for the third straight quarter.
- Successful integration of Stuart Weitzman onto Caleres platforms, with plans to bring the brand to breakeven in 2026.
- Allen Edmonds and Naturalizer showed strong performance with growth in e-commerce and wholesale channels, supported by effective marketing efforts.
- Famous Footwear sales decreased 1.2% with only a 0.1% increase in comparable sales, indicating challenges in store performance.
- Consolidated gross margin was down 10 basis points, reflecting lower margins in the Brand Portfolio segment.
- SG&A expenses increased by 18.3%, primarily driven by expenses related to Stuart Weitzman, leading to a deleverage of 70 basis points.
- Operating loss in the quarter was $11.6 million, with an operating margin of negative 1.7%.
- The company faces risks from geopolitical tensions and potential new tariffs, which could impact future performance.
Greetings, and welcome to the Caleres Inc., fourth-quarter 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
I would now like to turn over to your host, Liz Dunn, Senior Vice President, Corporate Development and Strategic Communications. Thank you. You may begin.
Thank you, Melissa. Good morning. Thank you for joining our fourth quarter earnings call and webcast. A press release with detailed financial tables as well as our quarterly slide presentation are available at caleres.com.
Please be aware today's discussion contains forward-looking statements, which are subject to several risks and uncertainties. Actual results may differ materially due to various risk factors, including those disclosed in the company's Form 10-K and other filings with the US Securities and Exchange Commission. Please refer to today's press release and our SEC filings for more information on risk factors and other factors,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
