Filing Flows › Caleres (CAL) › Q1 FY27 › vs Q4 FY26
Caleres (CAL) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Caleres's revenue fell $28.5M (-4%) from $695M in Q4 FY26 to $667M in Q1 FY27. The biggest changes: Total direct-to-consumer sales −$70.9M (-14%); Wholesale - landed +$28.4M (+25%); Wholesale - e-commerce +$26.8M (+62%). Gross margin 47.3% against 41.8% (+5.6 pts).
Caleres, Q1 FY27: revenue $667M (+8% year over year), operating margin 3.6%, net earnings $14.3M, operating cash flow −$27.8M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 47.3% | 41.8% | +5.6 pts |
| Operating margin | 3.6% | -3.8% | +7.4 pts |
| Net margin | 2.1% | -3.3% | +5.4 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Retail stores | $298M | $318M | −$19.7M | -6% |
| E-commerce - Company websites | $116M | $165M | −$48.3M | -29% |
| E-commerce - wholesale drop-ship | $29.0M | $32.0M | −$3.0M | -9% |
| Total direct-to-consumer sales | $444M | $515M | −$70.9M | -14% |
| Wholesale - landed | $141M | $112M | $28.4M | +25% |
| Wholesale - e-commerce | $69.9M | $43.1M | $26.8M | +62% |
| Wholesale - first cost | $10.0M | $22.7M | −$12.6M | -56% |
| Licensing and royalty | $2.0M | $1.7M | $297K | +17% |
| Other | $158K | $515K | −$357K | -69% |
| Revenue | $667M | $695M | −$28.5M | -4% |
| Gross profit | $315M | $290M | $25.1M | +9% |
| Cost of revenue | $351M | $405M | −$53.6M | -13% |
| Operating profit | $23.9M | −$26.5M | $50.3M | — |
| Operating expenses | $292M | $317M | −$25.2M | -8% |
| Pre-tax earnings | $20.4M | −$32.6M | $53.0M | — |
| Other expense, net | $3.5M | $6.2M | −$2.7M | -43% |
| Loss borne by minority interests | $527K | $1.6M | −$1.1M | -67% |
| Net earnings | $14.3M | −$22.7M | $37.0M | — |
| Income tax | $6.6M | −$8.3M | $14.9M | — |
| Operating cash sources | $59.7M | −$66.9M | $127M | — |
| Depreciation & amortization | $14.9M | $16.1M | −$1.2M | -7% |
| Share-based compensation | $2.7M | $2.4M | $365K | +15% |
| Cash used in operations | $27.8M | −$62.7M | $90.5M | — |
| Working capital & other | $59.7M | −$66.9M | $127M | — |
Questions
How much did Caleres's revenue grow quarter over quarter in Q1 FY27?
Caleres's revenue fell $28.5M (-4%) from $695M in Q4 FY26 to $667M in Q1 FY27.
What drove Caleres's revenue change in Q1 FY27?
Total direct-to-consumer sales −$70.9M (-14%); Wholesale - landed +$28.4M (+25%); Wholesale - e-commerce +$26.8M (+62%).