Filing Flows › Caleres (CAL) › Q2 FY26
Caleres (CAL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 9, 2025
Caleres (CAL) reported revenue of $659M for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and +7% from the quarter before. Operating margin was 1.4%, net earnings $6.7M (1.0% of revenue).
Caleres, Q2 FY26: revenue $659M (-4% year over year), operating margin 1.4%, net earnings $6.7M, operating cash flow $47.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $659M | +7% | -4% |
| Gross profit | $286M | +3% | -8% |
| Operating profit | $9.3M | -20% | -78% |
| Net earnings | $6.7M | -3% | -78% |
| Operating cash flow | $47.3M | — | -41% |
| Free cash flow | $35.0M | — | -49% |
What changed
Revenue was $658.5M in Q2 FY26, down 4% year over year and up 7% from the previous quarter. Retail stores was the largest line at 55% of revenue. Retail stores lost $23.2M year over year (down 6%), 94% of the total change.
Gross margin was 43.4%, down 2.1 points from a year earlier. Operating profit was $9.3M, a 1.4% margin (down 4.8 points year over year). Operating expenses grew 3% against a revenue fall of 4%. Net earnings were $6.7M, down 78% year over year. The effective tax rate was -22.0%.
Operating cash flow was $47.3M (down 41% year over year), 670% of net income including minority interests. Non-cash charges added back $14.2M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $22.0M. Capital expenditures of $12.3M left free cash flow of $35.0M.
Questions
What was Caleres' revenue in the second quarter fiscal 2026?
Caleres (CAL) reported revenue of $659M for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and +7% from the quarter before.
Was Caleres profitable in the second quarter fiscal 2026?
Operating profit was $9.3M (1.4% of revenue) and net earnings $6.7M.
Source: Caleres 10-Q on SEC EDGAR.