Filing Flows › Caleres (CAL) › Q1 FY26
Caleres (CAL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 10, 2025
Caleres (CAL) reported revenue of $614M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -4% from the quarter before. Operating margin was 1.9%, net earnings $6.9M (1.1% of revenue).
Caleres, Q1 FY26: revenue $614M (-7% year over year), operating margin 1.9%, net earnings $6.9M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $614M | -4% | -7% |
| Gross profit | $279M | +1% | -10% |
| Operating profit | $11.6M | +47% | -73% |
| Net earnings | $6.9M | +41% | -78% |
| Operating cash flow | −$5.7M | -120% | — |
What changed
Revenue was $614.2M in Q1 FY26, down 7% year over year and down 4% from the previous quarter. Retail stores was the largest line at 49% of revenue. Retail stores lost $23.1M year over year (down 7%), 51% of the total change.
Gross margin was 45.4%, down 1.5 points from a year earlier. Operating profit was $11.6M, a 1.9% margin (down 4.6 points year over year). Operating expenses grew 0% against a revenue fall of 7%. Net earnings were $6.9M, down 78% year over year ($5.9M including minority interests, which bore $1.0M of losses). The effective tax rate was 29.8%.
Operating cash flow was −$5.7M. Non-cash charges added back $13.5M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $28.0M. Capital expenditures of $20.5M exceeded it, leaving free cash flow of −$26.2M.
Questions
What was Caleres' revenue in the first quarter fiscal 2026?
Caleres (CAL) reported revenue of $614M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -4% from the quarter before.
Was Caleres profitable in the first quarter fiscal 2026?
Operating profit was $11.6M (1.9% of revenue) and net earnings $6.9M.
Source: Caleres 10-Q on SEC EDGAR.