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Caleres Inc (CAL) stock

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NYSE: CAL NYSE Footwear Next results ~December 10, 2026

C+ Fundamentals grade

Caleres Inc is a US-listed company in the footwear industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$15

Cash-flow model

Base case. Range ~$9.6–$23 across our lower- and higher-growth cases (-1.4%–8.6% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 12% below our base value.

Price used: $13.55, November 2, 2026

Caleres Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds79 adding, 74 cuttingOf 40 active managers that changed their stake, 17 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Caleres files

Where Caleres stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $2.85bn, up 7.3% on a year earlier, faster than the 4.9% growth a quarter earlier. Free-cash-flow margin rose to 2.2% from -1.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 1 financial-health checks. Our cash-flow model value is $15.79 a share, against a share price of $12.92.

Source: 10-Q filed September 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 10, 2026 (estimated)

Caleres Inc's trailing-twelve-month revenue grew 7.3% year on year, with a free-cash-flow margin of 2.2%. Where it stands out: days sales outstanding of 20 days ranks 1 of 8 footwear companies we cover. Where it lags: operating margin of 3.1% ranks 9 of 10 footwear companies we cover.

Our discounted-cash-flow model values the business at ~$15 per share in the base case (~$9.6–$23 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 7.3% (+2.4pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Caleres Inc's latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of 1.7 against the S&P 500.
  • Below peers: operating margin. Operating margin of 3.1% ranks 9 of 10 footwear companies we cover (median 12.5%).
  • Below peers: net margin. Net margin of 1.8% ranks 9 of 10 footwear companies we cover (median 6.8%).
  • Heavily shorted. 10.6% of the shares available to trade are sold short (7.7 days of average volume to cover).

Latest results: FY2027 Q2

Filed September 10, 2026
Earnings per share
$0.47 against an average estimate of $0.37: beat by 27.0%
Revenue
$695m, up 5.6% on a year earlier
Share reaction
-1.2% in the first session after the results on September 9, 2026, against -1.1% for the S&P 500
Guidance given
gross margin 150 to 200 (third quarter 2026); tax rate 23% to 25% (third quarter 2026)
Next report
December 10, 2026; average EPS estimate $0.65

Caleres' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.4%
  • 1 week+4.9%
  • 1 month+10.9%
  • This year+13.3%
  • 1 year+25.6%
  • 5 years-44.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.8B
Operating margin
3.1%
Net margin
1.8%
EPS (TTM, diluted)
$1.61

Growth

Revenue growth
+7.3%
Change in growth rate
+2.4 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$62.9M
FCF margin
2.2%
Stock pay % of revenue
0.4%

Earnings

Last results
September 9, 2026
Next results (est.)
December 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Results
  5. Dividend
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Caleres Inc valuation models and calculator

What the price is pricing in

The share price implies about 1.9% a year of cash-flow growth for five years.That is close to the 0.5% a year revenue growth Caleres has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in1.9%
  • Last 12 months7.3%
  • 3 years a year-0.1%
  • 5 years a year0.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($13.43, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$15
Price used
$13.43close November 3, 2026
Implied change
▲ +14%
Uncertainty
High

How we got here: a discounted-cash-flow model of Caleres Inc's free cash flow after stock-based pay with after-tax interest added back ($42.4M, FY2027 Q2 TTM), growing 2.7% and 3.4% in the next two years (forecasts, guidance and its record), then back to 3.6% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$9.6–~$23 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Caleres Inc's free cash flow after stock-based pay ( $42.4M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Caleres Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.07 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$15 ~$9.6–$23 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$100–$200 Left out: out of range vs price (10.40x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$78 ~$68–$91 Left out: out of range vs price (5.73x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$15 ~$9.6–$23 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Caleres Inc with Footwear in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −30%
  • Revenue growth 5 points higher ▲ +39%
  • Free-cash-flow margin 1 point lower ▼ −55%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $11$17$26$37$52$71
8.5% $7$11$17$26$36$50
10% $4$8$12$19$27$37

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$22.97$25.68$25.09$26.03$15.62$13.93$21.55$23.74$30.52$17.67$12.01$13.55
Market value$980m$1.1bn$1.1bn$1.1bn$623m$518m$799m$840m$1.0bn$592m$391m$442m
+ Net debt (− = net cash)−$118m−$55m−$64m−$30m−$45m−$88m−$30m−$34m−$21m−$30m−$30m$237m
Enterprise value$861m$1.0bn$989m$1.1bn$577m$430m$769m$807m$1.0bn$563m$361m$679m
Multiples
Price / sales 9.8x11.9x0.4x0.4x0.2x0.2x0.3x0.3x0.4x0.2x0.1x0.2x
Price / earnings 12.0x16.5x12.1x—9.9x—5.8x4.6x6.1x5.5x—8.4x
Price / free cash flow 12.9x8.1x7.2x16.2x4.9x4.7x5.3x12.0x6.7x10.7x9.9x6.6x
EV / EBITDA 4.6x6.8x5.2x16.7x3.4x—3.0x3.1x4.1x3.0x6.6x5.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard Caleres's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.3% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 44.0%, moving by 5.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.7%; its worst year was -16.8%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 4.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 23.1% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (46 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 10, 2026, before the open. Analysts expect revenue of $802m and EPS of $0.65 (range $0.64 to $0.66) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.61 +35% $2.9bn +4%
Next $2.19 +37% $2.9bn +3%

Next year's EPS estimate has moved −3.7% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.2% on 90 days ago. In the last 30 days, 1 analyst raised Caleres Inc's forecast and 2 cut it.

Consensus EPS forecast Caleres Inc, last 90 days
$1.60 $1.80 $2.00 $2.20 $2.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.63 Current fiscal year, 60 days ago: $1.63 Current fiscal year, 30 days ago: $1.63 Current fiscal year, 7 days ago: $1.62 Current fiscal year, Now: $1.61 $1.61 Next fiscal year, 90 days ago: $2.28 Next fiscal year, 60 days ago: $2.28 Next fiscal year, 30 days ago: $2.28 Next fiscal year, 7 days ago: $2.27 Next fiscal year, Now: $2.19 $2.19

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.63$2.28
60 days ago $1.63$2.28
30 days ago $1.63$2.28
7 days ago $1.62$2.27
Now $1.61$2.19

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.37 $0.47 +27.0%
Apr 2026 $0.37 $0.38 +2.7%
Jan 2026 −$0.40 −$0.06 +85.1%
Oct 2025 $0.85 $0.38 −55.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 9, 2026
  • GAAP earnings per diluted share full-year 2026 $2.80 to $2.95 GAAP
    “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.” source
  • adjusted earnings per diluted share full-year 2026 $1.50 to $1.65 Non-GAAP Raised
    “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.” source
  • GAAP earnings per diluted share third quarter 2026 $0.62 to $0.70 GAAP
    “We expect GAAP earnings per diluted share of $0.62 to $0.70.” source
  • consolidated gross margin full-year 2026 180 to 220
    “Consolidated gross margin is expected to improve 180 to 220 basis points.” source
  • gross margin third quarter 2026 150 to 200
    “Gross margin is expected to improve 150 to 200 basis points, reflecting tariff mitigation efforts and lower current tariff rates.” source
  • interest expense full-year 2026 $16m to $17m
    “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.” source
Show 3 more items
  • full-year tax rate full-year 2026 24% to 26%
    “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.” source
  • capital expenditures full-year 2026 $50m to $55m
    “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.” source
  • tax rate third quarter 2026 23% to 25%
    “We anticipate a third quarter tax rate of 23% to 25%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Caleres Inc's revenue by +2.7% next year and +3.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.1%, weight 60%) and the company's own record (+3.6%, weight 40%) . How the weights are set.

Analyst recommendations

2 analysts, Nov 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Nov 2026112
  2. Oct 2026112

Counts of recommendations published by analysts covering Caleres Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.6%
of tradable shares
Days to cover
7.65
at average volume
Short interest, 1 month
−15%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
4.4%
of shares
Employees
5,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +25.6%

$10.79 on October 31, 2025 to $13.55

ThenNowEffect
Revenue (last 12 months) $2.7bn $2.8bn +7.3%
Net margin 2.3% 1.8% −18.4%
P/E multiple 5.9x 8.4x +42.2%
Share count 33m 33m +0.8%

Biggest factor: p/e multiple.

Last 3 years −49.1%

$26.63 on November 3, 2023 to $13.55

ThenNowEffect
Revenue (last 12 months) $2.9bn $2.8bn −0.2%
Net margin 5.2% 1.8% −64.6%
P/E multiple 6.2x 8.4x +35.0%
Share count 35m 33m +6.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CAL+47%−1%+39%−24%−46%+13%
Industry peers (median)+39%−23%+33%+24%−14%+49%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CAL58%42%75%50%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CAL−27%−35%−36%−49%−58%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 92% from August 31, 2018 to March 17, 2020. Getting back needed a 1096% gain, reached on February 14, 2024, 1429 days after the low.

Price behaviour

52-week range
$8.71 – $14.64
From 52-week high
−7.5%
vs 50-day average
+8.2%
vs 200-day average
+9.4%
Volatility (1 year)
63%
Beta vs S&P 500
1.68

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±8.7%
After a week
8 up, 4 down
typical move ±10.5%
After a month
4 up, 8 down
typical move ±16.5%
Results releasedNext dayS&P 500 next day5 days21 days
September 9, 2026 −1.2% −1.1% +0.5% +3.9%
June 4, 2026 −12.4% −2.2% +4.9% −15.0%
March 19, 2026 +21.1% −1.7% +23.9% +60.5%
December 9, 2025 −0.8% +0.6% +2.4% +3.4%
September 4, 2025 +5.0% +0.5% +5.4% −3.9%
May 29, 2025 −17.9% +0.3% −19.3% −25.0%
March 20, 2025 +0.7% −0.3% +9.7% −6.4%
December 5, 2024 −18.1% 0.0% −25.6% −33.3%
September 12, 2024 −14.4% +1.4% −9.8% −12.0%
May 30, 2024 −5.5% +0.2% −9.6% −11.1%
March 19, 2024 +3.3% +1.5% +1.8% −10.0%
November 21, 2023 +4.3% +0.2% +12.9% +13.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Caleres Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

CAL Caleres Inc Grade C+ $13.70

Own 100 shares, sell the $15.00 call expiring December 18, 2026 (46 days) for $0.60 a share — $60.00 per contract.

Previous session · Bid $0.60, ask $0.75, quoted Mon 2 Nov, 17:17 New York time with CAL at $13.70. Option prices move with the shares: check the live chain at your broker before trading.

  • If CAL ends below $15.00: you keep your shares and the $60.00 — 4.4% extra on the position, 34.8% a year at that pace.
  • If it ends above $15.00: your shares are sold at $15.00, a total return of 13.9% including the premium — at or above our value of ~$15.
$190 $0 −$262 Break-even $13.10 Price $13.70 Our value $15.00
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$60.00
Annualised
34.8%
Break-even
$13.10
Max gain
$190
Chance of selling
~39%

Results are expected around December 8, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Caleres Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Caleres Inc
$2.7B $2.7B $2.8B $2.8B $2.9B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $2.8B Revenue (TTM), FY24 Q4: $2.8B Revenue (TTM), FY25 Q1: $2.8B Revenue (TTM), FY25 Q2: $2.8B Revenue (TTM), FY25 Q3: $2.8B Revenue (TTM), FY25 Q4: $2.7B Revenue (TTM), FY26 Q1: $2.7B Revenue (TTM), FY26 Q2: $2.7B Revenue (TTM), FY26 Q3: $2.7B Revenue (TTM), FY26 Q4: $2.8B Revenue (TTM), FY27 Q1: $2.8B Revenue (TTM), FY27 Q2: $2.8B $2.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $2.8B
FY24 Q4 $2.8B
FY25 Q1 $2.8B
FY25 Q2 $2.8B
FY25 Q3 $2.8B
FY25 Q4 $2.7B
FY26 Q1 $2.7B
FY26 Q2 $2.7B
FY26 Q3 $2.7B
FY26 Q4 $2.8B
FY27 Q1 $2.8B
FY27 Q2 $2.8B
Revenue growth, TTM YoY Caleres Inc
-10% -5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -4.6% Revenue growth, TTM YoY, FY24 Q4: -5.1% Revenue growth, TTM YoY, FY25 Q1: -2.8% Revenue growth, TTM YoY, FY25 Q2: -1.8% Revenue growth, TTM YoY, FY25 Q3: -1.3% Revenue growth, TTM YoY, FY25 Q4: -3.4% Revenue growth, TTM YoY, FY26 Q1: -4.8% Revenue growth, TTM YoY, FY26 Q2: -5.3% Revenue growth, TTM YoY, FY26 Q3: -2.8% Revenue growth, TTM YoY, FY26 Q4: 1.3% Revenue growth, TTM YoY, FY27 Q1: 4.9% Revenue growth, TTM YoY, FY27 Q2: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -4.6%
FY24 Q4 -5.1%
FY25 Q1 -2.8%
FY25 Q2 -1.8%
FY25 Q3 -1.3%
FY25 Q4 -3.4%
FY26 Q1 -4.8%
FY26 Q2 -5.3%
FY26 Q3 -2.8%
FY26 Q4 1.3%
FY27 Q1 4.9%
FY27 Q2 7.3%
Operating margin (TTM) Caleres Inc
0% 2% 4% 6% 8% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 6.7% Operating margin (TTM), FY24 Q4: 6.9% Operating margin (TTM), FY25 Q1: 6.7% Operating margin (TTM), FY25 Q2: 6.4% Operating margin (TTM), FY25 Q3: 6.2% Operating margin (TTM), FY25 Q4: 5.5% Operating margin (TTM), FY26 Q1: 4.4% Operating margin (TTM), FY26 Q2: 3.2% Operating margin (TTM), FY26 Q3: 1.5% Operating margin (TTM), FY26 Q4: 0.2% Operating margin (TTM), FY27 Q1: 0.7% Operating margin (TTM), FY27 Q2: 3.1% 3.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 6.7%
FY24 Q4 6.9%
FY25 Q1 6.7%
FY25 Q2 6.4%
FY25 Q3 6.2%
FY25 Q4 5.5%
FY26 Q1 4.4%
FY26 Q2 3.2%
FY26 Q3 1.5%
FY26 Q4 0.2%
FY27 Q1 0.7%
FY27 Q2 3.1%
FCF margin (TTM) Caleres Inc
-2% 0% 2% 4% 6% 8% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 6.4% FCF margin (TTM), FY24 Q4: 5.3% FCF margin (TTM), FY25 Q1: 5.2% FCF margin (TTM), FY25 Q2: 4.9% FCF margin (TTM), FY25 Q3: 2.4% FCF margin (TTM), FY25 Q4: 1.9% FCF margin (TTM), FY26 Q1: 0.0% FCF margin (TTM), FY26 Q2: -1.3% FCF margin (TTM), FY26 Q3: 0.4% FCF margin (TTM), FY26 Q4: 1.3% FCF margin (TTM), FY27 Q1: 0.8% FCF margin (TTM), FY27 Q2: 2.2% 2.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 6.4%
FY24 Q4 5.3%
FY25 Q1 5.2%
FY25 Q2 4.9%
FY25 Q3 2.4%
FY25 Q4 1.9%
FY26 Q1 0.0%
FY26 Q2 -1.3%
FY26 Q3 0.4%
FY26 Q4 1.3%
FY27 Q1 0.8%
FY27 Q2 2.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 2,242 2,504 2,435 2,478 133 114 100 91 2,786 2,835 2,922 2,117 2,778 2,968 2,817 2,723 2,758 2,847
Gross profit 903 1,004 964 989 1,014 1,040 1,048 1,062 1,169 1,156 1,184 787 1,227 1,285 1,263 1,222 1,185 1,317
EBITDA 68 125 90 129 154 178 187 152 192 63 169 −425 258 263 248 190 55 137
Operating income 32 73 31 74 99 126 135 96 128 0 104 −486 206 214 194 150 6 87
Net income 10 37 25 27 38 83 81 66 87 −5 63 −439 137 182 171 107 −7 53
Diluted EPS $0.22 $0.85 $0.56 $0.64 $0.88 $1.89 $1.85 $1.52 $2.02 −$0.13 $1.53 −$11.80 $3.56 $4.92 $4.80 $3.09 −$0.21 $1.61
Growth (year on year)
Revenue — +11.7% −2.8% +1.8% −94.6% −13.7% −12.4% −8.8% +>999% +1.8% +3.1% −27.5% +31.2% +6.9% −5.1% −3.4% +1.3% +7.3%
EBITDA — +84.1% −28.4% +44.2% +19.1% +15.3% +5.1% −18.5% +26.1% −67.1% +168.4% −351.0% — +2.0% −5.9% −23.3% −71.2% +6.3%
Operating income — — −58.0% — +32.4% +27.7% +7.3% −29.0% +33.0% −99.7% — −567.8% — +4.1% −9.3% −22.9% −95.7% +1.8%
Net income — — — — — +117.6% −1.7% −19.4% +32.8% −106.2% — −799.0% — +32.6% −5.7% −37.4% −106.2% −12.4%
Diluted EPS — — — — — +114.8% −2.1% −17.8% +32.9% −106.4% — −871.2% — +38.2% −2.4% −35.6% −106.8% −11.7%
Margins
Gross margin 40.3% 40.1% 39.6% 39.9% — — — — 42.0% 40.8% 40.5% 37.2% 44.2% 43.3% 44.8% 44.9% 43.0% 46.2%
EBITDA margin 3.0% 5.0% 3.7% 5.2% 116.1% 155.2% 186.2% 166.4% 6.9% 2.2% 5.8% −20.1% 9.3% 8.9% 8.8% 7.0% 2.0% 4.8%
Operating margin 1.4% 2.9% 1.3% 3.0% 74.4% 110.1% 134.9% 105.0% 4.6% 0.0% 3.6% −22.9% 7.4% 7.2% 6.9% 5.5% 0.2% 3.1%
Net margin 0.4% 1.5% 1.0% 1.1% 28.7% 72.4% 81.3% 71.8% 3.1% −0.2% 2.2% −20.7% 4.9% 6.1% 6.1% 3.9% −0.2% 1.8%
Free-cash-flow margin 4.2% −1.3% 0.8% 5.7% 45.3% 64.6% 75.5% 145.6% 5.3% 2.4% 4.3% 5.2% 5.4% 2.4% 5.5% 2.0% 1.4% 2.4%
Cash flow
Cash from operations 118 −2 48 198 104 119 149 184 191 130 171 126 168 126 200 105 103 117
Capital spending 25 31 28 56 44 45 73 51 45 62 45 17 18 56 45 49 64 50
Free cash flow 93 −33 20 142 60 74 76 133 147 67 126 110 150 70 156 55 39 67
Stock-based pay 5 6 6 6 6 6 7 8 11 14 10 8 12 17 15 15 12 12
Free cash flow after stock pay 89 −39 15 136 54 68 68 125 135 53 116 101 138 53 141 40 27 56
Balance sheet
Cash 126 127 48 68 83 67 118 55 64 30 45 88 30 34 21 30 30 51
Total debt 0 — — — — — — — — — — — — — — — — 288
Net debt (negative = net cash) −126 −127 −48 −68 −83 −67 −118 −55 −64 −30 −45 −88 −30 −34 −21 −30 −30 237
Diluted shares — 42m 42m 41m 42m 42m 43m 42m 42m 42m 40m 37m 37m 35m 34m 34m 33m 33m
Returned to shareholders
Dividends 12 12 12 12 12 12 12 12 12 12 11 11 11 10 10 10 9 9
Buybacks — — 25 — 0 0 5 23 6 44 33 23 17 63 17 65 5 3
Total returned 12 12 38 12 12 12 17 35 18 56 45 34 28 73 27 75 14 13

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 1 checks passed · August 1, 2026
What it owns · $2.1bn
Short-term assets $1.0bnLonger-term assets $1.1bn
What it owes, and who funded it · $1.6bn
Short-term liabilities $943mShareholders' equity $674m
  • Short-term assets cover short-term liabilities $1.0bn of assets due within a year against $943m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Caleres Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$3.1M
Dividends (TTM)
$9.5M
Returned to shareholders
20%
of free cash flow
Buybacks, last 3 fiscal years
$87.5M
Diluted share count
−0.8%
year over year
Total shareholder yield
2.8%
dividends 2.1% + buybacks 0.7% of market value
Dividend payout ratio
18%
of net income paid out
Sales & admin spending
42.8%
of revenue
Days sales outstanding
20 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in footwear
Last 12 months unless stated CAL SHOO BIRK ONON CROX WWW Median
Revenue, last 12 months $2.8bn $2.7bn $2.3bn $3.6bn $4.1bn $2.0bn $2.5bn
Revenue growth, last 12 months 7.3% 18.2% 18.6% 38.1% 0.7% 7.2% 7.2%
Revenue growth, 3-year average −0.1% 12.3% — — 1.3% −8.5% 0.6%
Revenue growth, latest quarter 5.6% 19.1% — — 4.6% 6.8% 6.8%
Gross margin 46.2% 46.1% 59.1% 62.8% 59.4% 47.1% 48.1%
Operating margin 3.1% 7.5% 26.2% 12.5% 22.6% 8.7% 10.7%
Operating margin, 3-year average 4.2% 7.9% — — 17.6% 3.0% 8.4%
Net margin 1.8% 5.4% 16.6% 6.8% 16.2% 5.5% 6.2%
Cash from operations / revenue 4.1% 9.6% 18.3% 11.9% 19.8% 9.4% 10.8%
Free-cash-flow margin 2.2% 8.2% 14.7% 9.5% 18.4% 9.0% 9.2%
Free-cash-flow margin, 3-year average 1.9% 7.8% — — 19.7% 6.3% 8.1%
Stock pay / revenue 0.4% 1.1% −0.2% 2.2% 1.1% 1.2% 0.8%
Change in share count −0.8% 0.7% −0.6% — −11.3% 2.0% −0.6%

Median of all 10 companies we cover in footwear. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

10 footwear companies
Measure Company Peer median Rank
Revenue growth Growth 7.3% 7.3% 5 of 10
Change in growth rate Growth +2.4pp +2.4pp 5 of 10
Gross margin Profitability 46.2% 49.1% 7 of 10
Operating margin Profitability 3.1% 12.5% 9 of 10
Net margin Profitability 1.8% 6.8% 9 of 10
Free-cash-flow margin Cash generation 2.2% 9.5% 9 of 10
Stock pay as % of revenue Cash generation 0.4% 0.8% 3 of 9
Change in share count Balance sheet -0.8% -0.6% 4 of 9
Days sales outstanding Balance sheet 20 days 43 days 1 of 8

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Products and services
Line of business Revenue YoY
Direct To Consumer $2B ▲ 1.6%
Retail $1.4B ▼ 2.8%
Ecommerce $521M ▲ 15.6%
Landed Wholesale $463M ▲ 7.6%
Wholesale E Commerce $226M ▼ 5.9%
Landed Wholesale Ecommerce Drop Ship $114M ▲ 2.0%
First Cost Wholesale $59.1M ▼ 17.7%
License and Royalty $7.9M ▼ 28.1%
Other Revenue $981,000 ▲ 27.6%

These categories overlap or exclude eliminations, so shares aren't shown.

From Caleres Inc's 10-K filed April 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$369M
Institutions reporting
167
Shares held vs prior quarter
▼ 1.5%
Positions opened / closed
25 / 18

Top buyers and sellers, Q2 2026: 79 institutions bought and 74 sold ; the biggest buyer was Blackrock, Inc (+1.0M shares) and the biggest seller Arrowstreet Capital, Limited Partnership (−558K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $62.3M 5.0M 16.9% ▼ 0.9%
Blackrock, Inc. $48.9M 4.0M 13.2% ▲ 34.9%
Vanguard Capital Management LLC $17.8M 1.4M 4.8% ▼ 2.5%
American Century Companies Inc $16.3M 1.3M 4.4% ▲ 9.2%
Neuberger Berman Group LLC $15.7M 1.3M 4.3% ▲ 11.2%
Dimensional Fund Advisors LP $15.6M 1.3M 4.2% ▼ 12.8%
State Street Corp $12.7M 1.0M 3.4% ▼ 2.6%
Arrowstreet Capital, Limited Partnership $11.3M 917K 3.1% ▼ 37.8%
Invenomic Capital Management LP $11.2M 903K 3.0% ▼ 18.2%
Charles Schwab Investment Management Inc $11.1M 901K 3.0% ▼ 11.9%
Geode Capital Management, LLC $10.7M 865K 2.9% ▲ 8.9%
Goldman Sachs Group Inc $9.1M 739K 2.5% ▼ 18.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Caleres Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $168,105 1 trade by 1 insider · 100% under pre-set plans
Net ▼ $168,105 net selling
Insider Date Trade Shares Price Value
Freidman Daniel R Chief Sourcing Officer May 28, 2026 Sell pre-set plan 11,207 $15.00 $168,105

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 8, 2026 estimated from the company's past filing pattern, not announced

  • September 9, 2026
  • June 4, 2026
  • March 19, 2026
  • December 9, 2025
  • September 4, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on Caleres Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Caleres Inc in brief

What does Caleres Inc do?
Caleres Inc is a US-listed company in the footwear industry. Its financial year ends in January.
What is Caleres Inc's stock ticker?
Caleres Inc trades under the ticker CAL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Caleres Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Caleres Inc reported revenue of $2.8B, 7.3% higher than a year earlier, according to its SEC filings.
What is Caleres Inc's free cash flow?
Caleres Inc's free-cash-flow margin is 2.2% of revenue over the trailing twelve months, ranking 9 of the 10 footwear companies we cover.
What is Caleres Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Caleres Inc's free cash flow after stock-based pay gives ~$15 per share in the base case, and ~$9.6–$23 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Caleres Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Caleres Inc buying back stock, and does it pay a dividend?
Caleres Inc spent $3.1M on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Caleres Inc's market cap?
On November 2, 2026, Caleres Inc's market capitalisation was about $442M, with a price-to-earnings ratio of 8.4 and net debt of $237M. Market figures come from third-party market data and may be delayed.
Does Caleres Inc pay a dividend?
Yes: Caleres Inc paid $9.5M in dividends over the trailing twelve months, a dividend yield of 2.07% and a payout ratio of 18.0%.
Who are Caleres Inc's competitors?
In our Footwear peer group, the companies closest to Caleres Inc are Steven Madden, LTD., Birkenstock Holding plc, On Holding AG, Crocs, Inc. and Wolverine World Wide Inc. The side-by-side comparison below sets their revenue, margins and growth against Caleres Inc's.
Are insiders buying or selling Caleres Inc stock?
Over the last 12 months, Caleres Inc's directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Caleres Inc's next earnings date?
Around December 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Caleres Inc announces its own schedule.