Q1 2026 Caleres Inc Earnings Call Transcript
Key Points
- Earnings per share exceeded guidance, driven by strong sales and gross margin results in the brand portfolio segment.
- The brand portfolio demonstrated broad growth across channels and geographies, with significant gross margin expansion.
- Famous Footwear saw strong e-commerce growth with sales up nearly 10%.
- Sam Edelman delivered double-digit top-line growth both domestically and internationally.
- Allen Edmonds brand delivered nearly 20% first-quarter sales growth with broad-based momentum across the business.
- Famous Footwear faced challenges amid a softer consumer and macroeconomic backdrop, with total sales decreasing 2.5%.
- Consolidated SG&A expenses increased by 10.2%, driven by expenses related to Stuart Weitzman.
- Famous Footwear's gross margin decreased by 150 basis points due to higher markdowns and shipping costs.
- The sneaker business in the brand portfolio was down about mid-single digits compared to last year.
- The company faces an uncertain tariff environment, with potential new tariffs expected to be enacted in July 2026.
Greetings and welcome to Caleres first-quarter 2026 earnings conference call. (Operator Instructions)
I would now like to turn the conference over to your host, Liz Dunn, Senior Vice President, Corporate Development and Strategic Communication. Thank you. You may begin.
Thanks, Rob. Good morning and thank you for joining our first quarter earnings call and webcast. A press release with detailed financial tables as well as a 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 which could impact forward-looking statements. Copies
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