Q2 2025 Caleres Inc Earnings Call Transcript
Key Points
- Caleres Inc (CAL) reported sequential improvement in sales trends across both business segments, with market share gains in women's fashion footwear and shoe chains.
- International sales increased by double digits, and Famous Footwear showed solid improvement in July, continuing into August.
- The acquisition of Stuart Weitzman is expected to bring immediate expense savings in areas such as distribution, logistics, and media buying.
- Lead brands like Sam Edelman and Allen Edmonds delivered strong quarters, with Sam Edelman experiencing double-digit international growth.
- E-commerce sales at Famous Footwear were up double digits, particularly in May and July, with successful launches of popular brands like Jordan.
- Overall sales for the second quarter declined by 3.6% year-over-year, with both business segments experiencing negative sales trends.
- Gross margins were under pressure due to tariff disruptions, added inventory reserves, and higher clearance promotions at Famous Footwear.
- Brand Portfolio sales declined by 3.5%, with value-priced brands facing ongoing pressure exacerbated by cancellations related to China manufacturing.
- Tariffs negatively impacted second-quarter sales by $10 million due to order cancellations and delayed receipts, pushing some sales into the third quarter.
- Famous Footwear's total sales were down 4.9% during the second quarter, with comparable sales declining by 3.4%.
Greetings. Welcome to the Caleres Incorporated's second quarter 2025 earnings call. (Operator Instructions) Please note this conference is being recorded.
At this time, I'll turn the conference over to Liz Dunn, Senior Vice President, Corporate Development and Strategic Communications. You may begin, Liz.
Thanks, Rob. Good morning and thank you for joining our second 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
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