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Caleres (CAL) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 10, 2026 · Caleres (CAL) Q2 FY27 earnings results →

Q2 FY27 Revenue up 6% year over year to $695M · 8¢ of every $1 of revenue kept as net profit · operating margin 11.2%

Caleres made $695M in Q2 FY27 (+6% Y/Y): Total direct-to-consumer sales $498M, E-commerce - Company websites $115M, Wholesale - e-commerce $64.4M. Operating margin 11.2%, net earnings $58.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.

Revenue$695M
Year over year+6%
Operating margin11.2%
Net earnings$58.6M
Operating cash flow$83.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $695.5M in Q2 FY27, up 6% year over year and up 4% from the previous quarter. Retail stores was the largest line at 51% of revenue. Wholesale - e-commerce added $19.5M year over year (up 43%), 53% of the total change. Licensing and royalty declined 4%.

Gross margin was 54.8%, up 11.4 points from Q2 FY26. Operating profit was $77.6M, a 11.2% margin (up 9.7 points year over year). Of the extra revenue versus Q2 FY26, 185% reached operating profit, above the 1% margin then. Operating expenses grew 10% against revenue growth of 6%. Net earnings were $58.6M, up 774% year over year. The effective tax rate was 23.6%.

Operating cash flow was $83.6M (up 77% year over year), 141% of net earnings. Non-cash charges added back $14.4M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $7.9M left free cash flow of $75.6M.

Quarterly history

Caleres revenue by quarterCaleres revenue by quarter$639MQ4 FY25$614MQ1 FY26$659MQ2 FY26$790MQ3 FY26$695MQ4 FY26$667MQ1 FY27$695MQ2 FY27
Caleres net earnings by quarterCaleres net earnings by quarter$4.9MQ4 FY25$6.9MQ1 FY26$6.7MQ2 FY26$2.4MQ3 FY26−$24.3MQ4 FY26$14.3MQ1 FY27$58.6MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 10, 2026$695M+6%11.2%$58.6M$83.6M
Q1 FY2710-QJun 9, 2026$667M+8%3.6%$14.3M−$27.8M
Q4 FY2610-KApr 2, 2026$695M+9%-3.8%−$24.3M$62.7M
Q3 FY2610-QDec 11, 2025$790M+7%1.5%$2.4M−$1.2M
Q2 FY2610-QSep 9, 2025$659M-4%1.4%$6.7M$47.3M
Q1 FY2610-QJun 10, 2025$614M-7%1.9%$6.9M−$5.7M
Q4 FY2510-KApr 1, 2025$639M-8%1.2%$4.9M$28.7M

Charts

Caleres: revenue growth, year over year and quarter over quarterCaleres: revenue growth, year over year and quarter over quarterY/YQ/Q-8%Q4 FY25-7%-4%Q1 FY26-4%+7%Q2 FY26+7%+20%Q3 FY26+9%-12%Q4 FY26+8%-4%Q1 FY27+6%+4%Q2 FY27
Latest (Q2 FY27): Y/Y +6%, Q/Q +4%.
Caleres: where the cash came from (+) and went (−), TTM to Q2 FY27Caleres: where the cash came from (+) and went (−), TTM to Q2 FY27Cash drawn (+) / kept (−)$141MOperating cash flow$117MNet borrowing (+) / repaid (−)−$99.5MOther investing−$94.4MCapital spending−$50.0MDividends−$9.5MBuybacks−$3.1MShares issued−$2.6MPartners$1.2MExchange rates−$83K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Caleres: profit against cash, quarter by quarterCaleres: profit against cash, quarter by quarterNet incomeOperating cash flow$41.1M−$39.8MQ3 FY25$3.9M$28.7MQ4 FY25$5.9M−$5.7MQ1 FY26$7.1M$47.3MQ2 FY26$1.4M−$1.2MQ3 FY26−$24.3M$62.7MQ4 FY26$13.8M−$27.8MQ1 FY27$59.4M$83.6MQ2 FY27
Latest (Q2 FY27): Net income $59.4M, Operating cash flow $83.6M.
Caleres: diluted shares by fiscal yearCaleres: diluted shares by fiscal year37MFY2137MFY2235MFY2334MFY2434MFY2533MFY26
-12.6% since FY21: buybacks shrank the count.
Caleres in its industry: growth against margin (4 companies, SIC 3140)Caleres in its industry: growth against margin (4 companies, SIC 3140)revenue growth, year over year →↑ operating marginmedian +13%median 11%SHOOWWWRCKYCAL (+6%, 11%)
Footwear, (No Rubber); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Caleres

Caleres, Inc. (the "Company"), originally founded as Brown Shoe Company in 1878 and incorporated in 1913, is a global footwear company that operates retail shoe stores and e-commerce websites, and designs, develops, sources, manufactures and distributes footwear for people of all ages. Our mission is to inspire people to feel great...feet first. We meet consumers where they want to shop, whether in-store or online. We employ our “One Caleres” capabilities – design, sourcing, speed and marketing, working in unison to accelerate growth. The Company’s business operations are organized into two reportable segments—Famous Footwear and Brand Portfolio. The Famous Footwear segment is comprised of our Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca.

In its own words, from its annual report, filed Apr 1, 2025.

Caleres against its Footwear, (No Rubber) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +13%. Operating margin: 11.2% against the peers' median 11.2%.

CompanyQuarterRevenueY/YOp. margin
CAL CaleresQ2 FY27$695M+6%11.2%
SHOO Steven MaddenQ3 2026$773M+16%9.5%
WWW Wolverine World WideQ2 2026$506M+7%9.3%
RCKY Rocky BrandsQ3 2026$139M+13%13.1%

Source: Caleres 10-Q on SEC EDGAR · CIK 14707 · Footwear, (No Rubber)

13F: who owns CAL and who is buying

Largest holders of CAL (13F)Largest holders of CAL (13F)FMR LLC$62.3MBlackRock$48.9MVanguard Group$24.3MVanguard Capital Management LLC$17.8MAmerican Century Companies$16.3MNeuberger Berman Group LLC$15.7MDimensional Fund Advisors LP$15.6MState Street$12.7MArrowstreet Capital, Limited Part…$11.3MInvenomic Capital Management LP$11.2M
Funds' net buying of CAL by quarter (13F)Funds' net buying of CAL by quarter (13F)$9.0M2024-09$25.0M2024-12$36.7M2025-03$12.4M2025-06−$2.9M2025-09−$29.4M2025-12−$15.8M2026-03−$6.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CAL

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：Caleres（CAL）财报

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