Filing Flows › Caleres (CAL) › Q1 FY27
Caleres (CAL) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 9, 2026
Caleres (CAL) reported revenue of $667M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and -4% from the quarter before. Operating margin was 3.6%, net earnings $14.3M (2.1% of revenue).
Caleres, Q1 FY27: revenue $667M (+8% year over year), operating margin 3.6%, net earnings $14.3M, operating cash flow −$27.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $667M | -4% | +9% |
| Gross profit | $315M | +9% | +13% |
| Operating profit | $23.9M | — | +106% |
| Net earnings | $14.3M | — | +106% |
| Operating cash flow | −$27.8M | -144% | — |
What changed
Revenue was $666.6M in Q1 FY27, up 9% year over year and down 4% from the previous quarter. Retail stores was the largest line at 45% of revenue. Wholesale - landed added $30.1M year over year (up 27%), 58% of the total change. E-commerce - wholesale drop-ship declined 2%.
Gross margin was 47.3%, up 2.0 points from Q1 FY26. Operating profit was $23.9M, a 3.6% margin (up 1.7 points year over year). Of the extra revenue versus Q1 FY26, 23% reached operating profit, above the 2% margin then. Operating expenses grew 9% against revenue growth of 9%. Net earnings were $14.3M, up 106% year over year. The effective tax rate was 32.4%.
Operating cash flow was −$27.8M. Non-cash charges added back $14.9M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $59.2M. Capital expenditures of $11.2M exceeded it, leaving free cash flow of −$39.0M.
Questions
What was Caleres' revenue in the first quarter fiscal 2027?
Caleres (CAL) reported revenue of $667M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and -4% from the quarter before.
Was Caleres profitable in the first quarter fiscal 2027?
Operating profit was $23.9M (3.6% of revenue) and net earnings $14.3M.
Source: Caleres 10-Q on SEC EDGAR.