CAL
CALERES INC
Last earnings +0.6% on 2026-06-04
$11.71
▼ -8.23%$11.71▼ -4.61%
over 1Y
L $8.76H $15.42
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-8.2%
1W-6.1%
1M-18.2%
3M+9.6%
YTD-3.3%
1Y-4.6%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 6 analysts
Buy
Deep-value footwear name below book with solid cash flow, but FY26 slid to a loss and tariff fog is unresolved.
Net income -$6.69M · FY2026
Caleres is priced for distress — $396M market cap on $2.76B revenue (P/S 0.1) and just ~0.66x its $602M book value ($17.81/share vs $11.71 price). The business still throws off cash: FY2026 operating cash flow of $103M easily covers $63.7M capex and the $9.45M dividend, so this is not a balance-sheet blow-up. That cheapness is the whole bull case, and it's a real one.
But the fundamentals genuinely rolled over this year. After netting $137M/$182M/$171M/$107M from FY2022–FY2025, FY2026 swung to a -$6.69M loss (diluted EPS -$0.21); operating income collapsed 95.7% to $6.37M and operating margin is now 0.2%. Management is explicit about the cause — tariffs 'negatively impacted' net sales and gross margins throughout 2025, and gross profit fell 3.0% even as revenue edged up 1.3% (that +1.3% is flattered by the August 2025 Stuart Weitzman acquisition, while core Famous Footwear saw 'less consumer traffic' and lower sales). This is discretionary retail losing pricing power into a cost shock.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 3, 2026, 1:25 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $2.78B | $2.97B | $2.82B | $2.72B | $2.76B |
| Gross profit | $1.23B | $1.28B | $1.26B | $1.22B | $1.18B |
| Operating income | $206M | $214M | $194M | $150M | $6.37M |
| Net income | $137M | $182M | $171M | $107M | -$6.69M |
| Diluted EPS | $3.56 | $4.92 | $4.80 | $3.09 | -$0.21 |
| Net margin | 4.9% | 6.1% | 6.1% | 3.9% | -0.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$364M
EV / EBITDA6.1
EV / Sales0.1
EV / FCF9.2
P / FCF10.0
PEG (trailing)—
Earnings yield-1.7%
FCF yield10.0%
Quality & risk
ROIC (est.)0.8%
Free cash flow$39.4M
Total debt$0.00
Net cash$29.8M
Piotroski F-Score3/9
Capital returns
Buyback yield1.3%
Dividend yield (est.)2.4%
Shareholder yield3.7%
Shares Δ YoY+0.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 10-Q Quarterly report2026-06-09
Q1 FY27: revenue steady but profitability squeezed by tariffs and weak traffic
- 8-K Earnings results2026-06-04
Q1 FY27 earnings released; sales/margins still pressured by soft traffic and tariffs
- 8-K Charter / bylaws change2026-05-28
Annual meeting vote results and bylaw/charter amendments; routine governance
- 8-K Officer / director change2026-05-20
Executive/director leadership change announced
- DEF 14A Proxy statement2026-04-16
Proxy for 2026 annual meeting; exec pay and director slate
- 10-K Annual report2026-04-02
FY26: $2.76B revenue but first net loss (-$6.7M) as tariffs hit margins
- 8-K Earnings results2026-03-19
FY26 results released: swung to net loss on tariff-driven margin pressure
- 8-K Officer / director change2026-01-22
Officer change plus Reg FD (Item 7.01) disclosure
- 10-Q Quarterly report2025-12-11
Q3 FY26: Stuart Weitzman integration underway, margins still pressured
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-25open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-082026-06-10open ↗
Frequently asked
- Is CALERES INC (CAL) a buy?
- CAL currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Deep-value footwear name below book with solid cash flow, but FY26 slid to a loss and tariff fog is unresolved.
- What is CALERES INC's quality score?
- CAL scores 50.40218346710002/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000014707, latest 10-Q filed 2026-06-09) · EODHD · Proprietary analysis · as of 7/3/2026, 5:25:38 AM.
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