Filing Flows › Caleres (CAL) › Q3 FY26
Caleres (CAL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 11, 2025
Caleres (CAL) reported revenue of $790M for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and +20% from the quarter before. Operating margin was 1.5%, net earnings $2.4M (0.3% of revenue).
Caleres, Q3 FY26: revenue $790M (+7% year over year), operating margin 1.5%, net earnings $2.4M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $790M | +20% | +7% |
| Gross profit | $330M | +15% | +0.9% |
| Operating profit | $12.0M | +29% | -79% |
| Net earnings | $2.4M | -64% | -94% |
| Operating cash flow | −$1.2M | -103% | — |
What changed
Revenue was $790.1M in Q3 FY26, up 7% year over year and up 20% from the previous quarter. Retail stores was the largest line at 49% of revenue. E-commerce - Company websites added $27.8M year over year (up 23%), 57% of the total change. Licensing and royalty declined 15%.
Gross margin was 41.8%, down 2.4 points from a year earlier. Operating profit was $12.0M, a 1.5% margin (down 6.1 points year over year). Operating profit fell $44.7M even though revenue rose $49.1M versus a year earlier, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+321%). Net earnings were $2.4M, down 94% year over year ($1.4M including minority interests, which bore $1.0M of losses). The effective tax rate was 76.7%.
Operating cash flow was −$1.2M. Non-cash charges added back $15.8M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $21.6M. Capital expenditures of $11.2M exceeded it, leaving free cash flow of −$12.4M.
Questions
What was Caleres' revenue in the third quarter fiscal 2026?
Caleres (CAL) reported revenue of $790M for the third quarter fiscal 2026 (Q3 FY26), +7% from a year earlier and +20% from the quarter before.
Was Caleres profitable in the third quarter fiscal 2026?
Operating profit was $12.0M (1.5% of revenue) and net earnings $2.4M.
Source: Caleres 10-Q on SEC EDGAR.