Filing Flows › Caleres (CAL) › Q2 FY27 › vs Q1 FY27
Caleres (CAL) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Caleres's revenue rose $28.9M (+4%) from $667M in Q1 FY27 to $695M in Q2 FY27. The biggest changes: Total direct-to-consumer sales +$30.4M (+6%); Wholesale - e-commerce −$5.5M (-8%); Wholesale - first cost +$4.6M (+46%). Gross margin 54.8% against 47.3% (+7.5 pts).
Caleres, Q2 FY27: revenue $695M (+6% year over year), operating margin 11.2%, net earnings $58.6M, operating cash flow $83.6M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 54.8% | 47.3% | +7.5 pts |
| Operating margin | 11.2% | 3.6% | +7.6 pts |
| Net margin | 8.4% | 2.1% | +6.3 pts |
| Free cash flow margin | 10.9% | -5.8% | +16.7 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Retail stores | $354M | $298M | $55.5M | +19% |
| Wholesale - landed | $117M | $141M | −$24.0M | -17% |
| E-commerce - wholesale drop-ship | $27.9M | $29.0M | −$1.1M | -4% |
| Total direct-to-consumer sales | $498M | $468M | $30.4M | +6% |
| E-commerce - Company websites | $115M | $116M | −$1.1M | -1% |
| Wholesale - e-commerce | $64.4M | $69.9M | −$5.5M | -8% |
| Wholesale - first cost | $14.6M | $10.0M | $4.6M | +46% |
| Licensing and royalty | $1.7M | $2.0M | −$372K | -18% |
| Other | $1.0M | $158K | $888K | +562% |
| Revenue | $695M | $667M | $28.9M | +4% |
| Gross profit | $381M | $315M | $65.5M | +21% |
| Cost of revenue | $314M | $351M | −$36.6M | -10% |
| Operating profit | $77.6M | $23.9M | $53.7M | +225% |
| Operating expenses | $303M | $292M | $11.8M | +4% |
| Pre-tax earnings | $77.7M | $20.4M | $57.4M | +282% |
| Net earnings | $58.6M | $14.3M | $44.4M | +311% |
| Minority interests | $779K | −$527K | $1.3M | — |
| Income tax | $18.3M | $6.6M | $11.7M | +177% |
| Depreciation & amortization | $14.4M | $14.9M | −$506K | -3% |
| Share-based compensation | $3.6M | $2.7M | $855K | +31% |
| Working capital & other | $6.9M | −$59.7M | $66.6M | — |
| Operating cash flow | $83.6M | −$27.8M | $111M | — |
| Free cash flow (OCF − capex) | $75.6M | −$39.0M | $115M | — |
| Capital expenditures | $7.9M | $11.2M | −$3.3M | -29% |
Questions
How much did Caleres's revenue grow quarter over quarter in Q2 FY27?
Caleres's revenue rose $28.9M (+4%) from $667M in Q1 FY27 to $695M in Q2 FY27.
What drove Caleres's revenue change in Q2 FY27?
Total direct-to-consumer sales +$30.4M (+6%); Wholesale - e-commerce −$5.5M (-8%); Wholesale - first cost +$4.6M (+46%).