Caleres Raises Annual Profit Outlook Following Strong Q1 Performance

Caleres Inc. (CAL) has announced an upward revision to its fiscal 2026 earnings guidance, buoyed by a strong start to the year and sustained momentum within its brand portfolio. Following the news, the company’s stock climbed 7.5% in pre-market trading, reflecting investor confidence in the footwear retailer's strategic direction and operational efficiency.

For the second quarter of 2026, the company projects earnings per share between $0.32 and $0.38, alongside mid-to-high single-digit sales growth. This represents a significant improvement over the $0.20 per share reported in the same period last year. Looking at the full fiscal year, Caleres has raised its net profit forecast to a range of $1.44 to $1.69 per share, up from its previous guidance of $1.31 to $1.61. The company also adjusted its outlook for adjusted earnings per share to $1.40–$1.65.

CEO Jay Schmidt attributed this positive trajectory to several key factors, including a favorable product mix, effective tariff mitigation strategies, and disciplined execution across the business. While the company maintains a conservative outlook for annual net sales growth in the low-to-mid single digits, the focus remains on driving meaningful earnings expansion. By successfully navigating supply chain challenges and optimizing its brand portfolio, Caleres is demonstrating a clear path toward improved profitability compared to the previous fiscal year, signaling a robust recovery and operational stability for shareholders.