# EDGAR Filing Document

**Accession Number:** 0000014707
**File Stem:** 0000014707-26-000080
**Filing Date:** 2026-6
**Character Count:** 32441
**Document Hash:** eff55128c30a12ae0d6d1d2d7654e312
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000014707-26-000080.hdr.sgml**: 20260604

**ACCESSION NUMBER**: 0000014707-26-000080

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260604

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260604

**DATE AS OF CHANGE**: 20260604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CALERES INC
- **CENTRAL INDEX KEY:** 0000014707
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOOTWEAR, (NO RUBBER) [3140]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 430197190
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0130

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-02191
- **FILM NUMBER:** 261063312

**BUSINESS ADDRESS:**
- **STREET 1:** 8300 MARYLAND AVE
- **STREET 2:** P O BOX 29
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 3148544000

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 29
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BROWN SHOE CO INC
- **DATE OF NAME CHANGE:** 20030613

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BROWN SHOE CO INC/
- **DATE OF NAME CHANGE:** 19990528

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BROWN GROUP INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? CALERES, INC._June 4, 2026

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) **June 4, 2026**

**CALERES, INC.**

***(****Exact name of registrant as specified in its charter)*

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| | | |
|:---|:---|:---|
| **New York** | **1-2191** | **43-0197190** |
| *(State or other jurisdiction of*  |  |  |
| *incorporation or organization)* | *(Commission File Number)* | *(IRS Employer Identification Number)* |

---

---

| | |
|:---|:---|
| **8300 Maryland Avenue St. Louis, Missouri** | **63105** |
| *(Address of principal executive offices)* | *(Zip Code)* |

---

**(314) 854-4000**

*(Registrant's telephone number, including area code)*

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock - par value of $0.01 per share<br> CAL | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 2.02 Results of Operations and Financial Condition
On June 4, 2026, Caleres, Inc. (the "Company") issued a press release (the "Press Release") announcing, among other things, its results of operations for the quarter ended May 2, 2026. A copy of the Press Release is being furnished as Exhibit 99.1 hereto, and the statements contained therein are incorporated by reference herein.

In accordance with General Instruction B.2. of Form 8-K, the information contained in Item 2.02 and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

#### Item 9.01 Financial Statements and Exhibits

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| | | |
|:---|:---|:---|
| (d) | Exhibits |  |
| Exhibit Number | Exhibit Number | Description |
| 99.1 | 99.1 | [Press Release Issued June 4, 2026](cal-20260604xex99d1.htm) |
| 104 | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
|  | **CALERES, INC.** |
|  | (Registrant) |
| Date: June 4, 2026 | /s/ Thomas C. Burke |
|  | Thomas C. Burke |
|  | Senior Vice President, General Counsel and Secretary |

---

## Exhibit 99.1

#### Exhibit 99.1
June 4, 2026

**Caleres Reports First Quarter 2026 Results**

*First quarter adjusted EPS exceeds guidance.*

![Graphic](cal-20260604xex99d1001.jpg)

*Sam Edelman Peyton Kitten Heel Sandal*

●  ***Reported first quarter net sales of $667 million, up 8.5%.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o  ***Brand Portfolio sales increased 20.6%, with organic sales up 5.8%.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o  ***Broad-based growth across Brand Portfolio channels, both domestically and internationally.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o  ***Lead Brands continued to outperform, and Stuart Weitzman exceeded our expectations.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o  ***Famous Footwear sales declined 2.5%, with comparable sales down 2.3%.*** 

●  ***Grew market share in Total Footwear, with gains in Women's Fashion Footwear and Shoe Chains.*** 

●  ***GAAP earnings per diluted share were $0.42. Adjusted earnings per diluted share were $0.38.*** 

●  ***Expects second quarter 2026 consolidated net sales up mid-to-high-single digits, with GAAP earnings per diluted share of $0.32 to $0.38.*** 

●  ***Expects full-year 2026 consolidated net sales up low-to-mid-single digits and GAAP earnings per diluted share of $1.44 to $1.69, with adjusted earnings per diluted share of $1.40 to $1.65 versus prior guidance of $1.35 to $1.65.*** 

ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the first quarter 2026.

"We were pleased to report first quarter sales at the top end and earnings ahead of our guidance, reflecting the strength of our strategic growth vectors and broad-based momentum across our Brand Portfolio," said Jay Schmidt, president and chief executive officer. "Within Brand Portfolio, we delivered growth across channels and geographies, with Lead Brands continuing to outperform, meaningful gross margin expansion, and further cross-category market share gains. At Famous Footwear, while results were more challenging amid a softer consumer and macroeconomic backdrop, we grew our e-Commerce business, made progress with our elevate-and-edit-strategy, delivered even stronger outperformance from our FLAIR stores, and gained slight market share in Shoe Chains both overall and in Kids."

"The first quarter was an encouraging first step toward a build-back year for Caleres. We continue to expect modest sales growth and meaningful earnings growth in 2026. Our Brand Portfolio momentum has strengthened, with profitability supported by favorable mix, successful tariff mitigation actions, and disciplined execution. For the balance of the year, we are focused on maximizing the strong sales and earnings trends in our Brand Portfolio, improving Stuart Weitzman earnings, and elevating product and enhancing shopping experiences at Famous Footwear. Longer term, we believe that disciplined execution of our strategic plans will improve financial performance and create long-term value for our shareholders."

**First Quarter 2026 Results**

(13 weeks ended May 2, 2026, compared to 13 weeks ended May 3, 2025)

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

● **Net sales** were $666.6 million, up 8.5% versus first quarter 2025, and $622.7 million when excluding Stuart Weitzman, up 1.4% versus first quarter 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Brand Portfolio net sales increased 20.6% to last year, and 5.8% when excluding Stuart Weitzman.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Famous Footwear net sales decreased 2.5% to last year, with comparable sales down 2.3%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Direct-to-consumer sales represented approximately 67% of total net sales.

● **Gross profit** was $315.5 million with gross margin of 47.3%, up 200 basis points to last year. Excluding Stuart Weitzman, adjusted gross profit was $291.2 million, with adjusted gross margin of 46.8%, up 140 basis points to last year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Brand Portfolio gross margin was 49.0%, up 520 basis points to last year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Famous Footwear gross margin was 43.8%, down 150 basis points to last year.

● **Selling and administrative expenses** were $293.7 million, or 44.1% of net sales, deleveraged 70 basis points to last year, primarily reflecting $25.6 million in expenses related to Stuart Weitzman. Excluding Stuart Weitzman, selling and administrative expenses were $268.1 million, or 43.1% of net sales, down 30 basis points to last year.

● **GAAP net earnings** were $14.3 million, or $0.42 per diluted share, compared to $6.9 million, or $0.21 per diluted share, last year. Adjusted net earnings were $12.7 million, or $0.38 per diluted share, compared to adjusted net earnings of $7.4 million, or $0.22 per diluted share, last year.

● **Inventory** was $609.1 million at quarter-end, up $35 million to last year. Excluding Stuart Weitzman, inventory was down $22.7 million.

● **Borrowings** under the asset-based revolving credit facility were $347.5 million at quarter-end, and liquidity was $229.2 million.

**Second Quarter & Full Year Outlook**

For second quarter 2026, we expect consolidated net sales to increase mid-to-high-single digits versus last year. Brand Portfolio sales are anticipated to increase in the mid-twenties percent range, with low-double-digit organic growth. Famous Footwear sales and comparable sales are expected to be down mid-single digits. Gross margin is expected to improve 345 to 375 basis points, reflecting tariff mitigation efforts and lower current tariff rates. We anticipate a second quarter tax rate of 26% to 27%. We expect GAAP earnings per diluted share of $0.32 to $0.38.

For full-year 2026, we anticipate total sales to increase low-to-mid-single digits. Brand Portfolio sales are expected to be up low-double digits, and mid-single digits organically. Famous Footwear sales and comparable sales are expected to be down low-to-mid-single digits. Consolidated gross margin is expected to improve 220 to 260 basis points. We anticipate interest expense of approximately $18 million, a full-year tax rate of 27% to 28%, and capital expenditures of $50 to $55 million. We expect GAAP earnings per diluted share of $1.44 to $1.69, and adjusted earnings per diluted share of $1.40 to $1.65.

---

| | |
|:---|:---|
| &nbsp;&nbsp;***Second Quarter Outlook*** | &nbsp;&nbsp;***Second Quarter Outlook*** |
| &nbsp;&nbsp;*Net Sales* | &nbsp;&nbsp;Up mid-to-high single digits |
| &nbsp;&nbsp;*Gross Margin* | &nbsp;&nbsp;Up 345 to 375 bps |
| &nbsp;&nbsp;*Tax Rate* | &nbsp;&nbsp;26% to 27% |
| &nbsp;&nbsp;*GAAP EPS* | &nbsp;&nbsp;$0.32 to $0.38 |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;***Full Year Outlook*** | &nbsp;&nbsp;***Full Year Outlook*** |
| &nbsp;&nbsp;*Net Sales* | &nbsp;&nbsp;Up low to mid-single digits |
| &nbsp;&nbsp;*Gross Margin* | &nbsp;&nbsp;Up 220 to 260 bps |
| &nbsp;&nbsp;*Interest Expense* | &nbsp;&nbsp;~$18 million |
| &nbsp;&nbsp;*Tax Rate* | &nbsp;&nbsp;27% to 28% |
| &nbsp;&nbsp;*GAAP EPS* | &nbsp;&nbsp;$1.44 to $1.69 |
| &nbsp;&nbsp;*Adjusted EPS* | &nbsp;&nbsp;$1.40 to $1.65 |
| &nbsp;&nbsp;*Capital Expenditures* | &nbsp;&nbsp;$50 to $55 million |

---

------

**###**

**Investor Conference Call**

Caleres will host a conference call at 10:00 a.m. ET today, Thursday, June 4, 2026**.** The webcast and associated slides will be available at <u>investor.caleres.com/events-and-presentations</u>. A live conference call will be available at (877) 704-4453 for North America participants or (201) 389-0920 for international participants; no passcode necessary. A replay will also be available at <u>investor.caleres.com/events-and-presentations</u> for a limited period. Investors can access the replay through June 18, 2026, by dialing (844) 512-2921 in North America or (412) 317-6671 internationally and using the pin 13760681.

**About Caleres**

Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere — in the ~1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-Commerce sites, and on many additional third-party retail websites. Combined, these brands make Caleres a company with both a legacy and a mission. Our legacy is nearly 150 years of craftsmanship and our passion for fit, while our mission is to continue to inspire people to feel great… feet first. Visit <u>caleres.com</u> to learn more about us.

**Definitions**

All references in this press release, outside of the condensed consolidated financial statements that follow, unless otherwise noted, related to net earnings attributable to Caleres, Inc. and diluted earnings per common share attributable to Caleres, Inc. shareholders, are presented as net earnings and earnings per diluted share, respectively.

**Non-GAAP Financial Measures**

In this press release, the company's financial results are provided both in accordance with generally accepted accounting principles (GAAP) and using certain non-GAAP financial measures. In particular, the company provides estimated and future gross profit, operating earnings (loss), net earnings and earnings per diluted share, adjusted to exclude certain gains, charges and recoveries and the financial results of the acquired Stuart Weitzman business, which are non-GAAP financial measures. These results are included as a complement to results provided in accordance with GAAP because management believes these non-GAAP financial measures help identify underlying trends in the company's business and provide useful information to both management and investors by excluding certain items that may not be indicative of the company's core operating results. These measures should not be considered a substitute for or superior to GAAP results.

**Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995**

This press release contains certain forward-looking statements and expectations regarding the company's future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include (i) changes in United States and international trade policies, including tariffs and trade restrictions; (ii) changing consumer demands, which may be influenced by general economic conditions and other factors; (iii) inflationary pressures and supply chain disruptions; (iv) rapidly changing consumer preferences and purchasing patterns and fashion trends; (v) supplier concentration, customer concentration and increased consolidation in the retail industry; (vi) intense competition within the footwear industry; (vii) foreign currency fluctuations; (viii) political and economic conditions or other threats to the continued and uninterrupted flow of inventory from China and other countries, where the company relies heavily on third-party manufacturing facilities for a significant amount of its inventory; (ix) transitional challenges with acquisitions and divestitures; (x) cybersecurity threats or other major disruption to the company's information technology; (xi) the ability to accurately forecast sales and manage inventory levels; (xii) a disruption in the company's distribution centers; (xiii) the ability to recruit and retain senior management and other key associates; (xiv) the ability to secure/exit leases on favorable terms; (xv) changes to tax laws, policies and treaties; (xvi) our commitments and shareholder expectations related to responsible business initiatives; (xvii) compliance with applicable laws and standards with respect to labor, trade and product safety issues; and (xviii) the ability to attract, retain, and maintain good relationships with licensors and protect our intellectual property rights.

------

The company's reports to the Securities and Exchange Commission contain detailed information relating to such factors, including, without limitation, the information under the caption Risk Factors in Item 1A of the company's Annual Report on Form 10-K for the year ended January 31, 2026, which information is incorporated by reference herein and updated by the company's Quarterly Reports on Form 10-Q. The company does not undertake any obligation or plan to update these forward-looking statements, even though its situation may change.

****

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| |
|:---|
| **SCHEDULE 1** |
| **CALERES, INC.** |
| **CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS**  |

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| | | |
|:---|:---|:---|
|  | (Unaudited) | (Unaudited) |
|  | Thirteen Weeks Ended  | Thirteen Weeks Ended  |
| *($ thousands, except per share data)* | May 2, 2026 | May 3, 2025 |
| Net sales | $666599 | $614221 |
| Cost of goods sold | 351127 | 335527 |
| Gross profit | 315472 | 278694 |
| Selling and administrative expenses | 293729 | 266483 |
| Restructuring and other special charges, net | (2126) | 627 |
| Operating earnings | 23869 | 11584 |
| Interest expense, net | (4682) | (3795) |
| Other income, net | 1166 | 686 |
| Earnings before income taxes | 20353 | 8475 |
| Income tax provision | (6603) | (2529) |
| Net earnings | 13750 | 5946 |
| Net loss attributable to noncontrolling interests | (527) | (997) |
| Net earnings attributable to Caleres, Inc. | $14277 | $6943 |
| Basic earnings per common share attributable to Caleres, Inc. shareholders | $0.42 | $0.21 |
| Diluted earnings per common share attributable to Caleres, Inc. shareholders | $0.42 | $0.21 |

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| |
|:---|
| **SCHEDULE 2** |
| **CALERES, INC.** |
| **CONDENSED CONSOLIDATED BALANCE SHEETS** |

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| | | |
|:---|:---|:---|
|  | (Unaudited) | (Unaudited) |
| *($ thousands)* | May 2, 2026 | May 3, 2025 |
| **ASSETS** |  |  |
| Cash and cash equivalents | $37737 | $33139 |
| Receivables, net | 173912 | 160433 |
| Inventories, net | 609102 | 573615 |
| Property and equipment, held for sale |  | 16777 |
| Prepaid expenses and other current assets | 91847 | 62428 |
| &nbsp;&nbsp;Total current assets | 912598 | 846392 |
| Lease right-of-use assets | 571812 | 559713 |
| Property and equipment, net | 201691 | 185069 |
| Goodwill and intangible assets, net | 201884 | 189515 |
| Other assets | 134101 | 127007 |
| &nbsp;&nbsp;Total assets | $2022086 | $1907696 |
| **LIABILITIES AND EQUITY** |  |  |
| Borrowings under revolving credit agreement | $347500 | $258500 |
| Trade accounts payable | 190514 | 212514 |
| Lease obligations | 126715 | 118781 |
| Other accrued expenses | 218505 | 180461 |
| &nbsp;&nbsp;Total current liabilities | 883234 | 770256 |
| Noncurrent lease obligations | 475069 | 472981 |
| Other liabilities | 44411 | 51555 |
| &nbsp;&nbsp;Total other liabilities | 519480 | 524536 |
| Total Caleres, Inc. shareholders' equity | 612076 | 605179 |
| Noncontrolling interests | 7296 | 7725 |
| &nbsp;&nbsp;Total equity | 619372 | 612904 |
| Total liabilities and equity | $2022086 | $1907696 |

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| |
|:---|
| **SCHEDULE 3** |
| **CALERES, INC.** |
| **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** |

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| | | |
|:---|:---|:---|
|  | (Unaudited) | (Unaudited) |
| *($ thousands)* | May 2, 2026 | May 3, 2025 |
| **OPERATING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash used for operating activities | $(27779) | $(5657) |
| **INVESTING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;Purchases of property and equipment | (11193) | (20542) |
| &nbsp;&nbsp;Proceeds from sale of headquarters | 3951 |  |
| &nbsp;&nbsp;Capitalized software | (1080) | (604) |
| &nbsp;&nbsp;Adjustment to acquisition of Stuart Weitzman | (307) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash used for investing activities | (8629) | (21146) |
| **FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;Borrowings under revolving credit agreement | 125250 | 135500 |
| &nbsp;&nbsp;Repayments under revolving credit agreement | (74250) | (96500) |
| &nbsp;&nbsp;Dividends paid | (2354) | (2362) |
| &nbsp;&nbsp;Acquisition of treasury stock | (3123) | (5044) |
| &nbsp;&nbsp;Issuance of common stock under share-based plans, net | (2083) | (3067) |
| &nbsp;&nbsp;Contributions by noncontrolling interests | 850 | 1750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 44290 | 30277 |
| &nbsp;&nbsp;Effect of exchange rate changes on cash and cash equivalents | 86 | 29 |
| &nbsp;&nbsp;Increase in cash and cash equivalents | 7968 | 3503 |
| &nbsp;&nbsp;Cash and cash equivalents at beginning of period | 29769 | 29636 |
| &nbsp;&nbsp;Cash and cash equivalents at end of period | $37737 | $33139 |

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| |
|:---|
| **SCHEDULE 4** |
| **CALERES, INC.** |
| **RECONCILIATION OF NET EARNINGS AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS)**  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  |
|  | May 2, 2026 | May 2, 2026 | May 2, 2026 | May 3, 2025 | May 3, 2025 | May 3, 2025 |
|  | Pre-Tax | Net Earnings |  | Pre-Tax | Net Earnings |  |
|  | Impact of | Attributable | Diluted | Impact of | Attributable | Diluted |
|  | Charges/Other | to Caleres, | Earnings | Charges/Other | to Caleres, | Earnings |
| *($ thousands, except per share data)* | Items | Inc. | Per Share | Items | Inc. | Per Share |
| GAAP earnings  |  | $14277 | $0.42 |  | $6943 | $0.21 |
| <u>Charges/other items:</u> |  |  |  |  |  |  |
| Stuart Weitzman acquisition and integration costs | $1814 | 1347 | 0.03 | $627 | 466 | 0.01 |
| Gain on sale of corporate headquarters | (3940) | (2926) | (0.07) |  |  |  |
| Total charges/other items | $(2126) | $(1579) | $(0.04) | $627 | $466 | $0.01 |
| Adjusted earnings |  | $12698 | $0.38 |  | $7409 | $0.22 |

---

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| |
|:---|
| **SCHEDULE 5** |
| **CALERES, INC.** |
| **SUMMARY FINANCIAL RESULTS BY SEGMENT** |
| **SUMMARY FINANCIAL RESULTS** |

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  |
|  | Famous Footwear | Famous Footwear | Brand Portfolio | Brand Portfolio | Eliminations and Other | Eliminations and Other | Consolidated | Consolidated |
|  | May 2, | May 3, | May 2, | May 3, | May 2, | May 3, | May 2, | May 3, |
| *($ thousands)* | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 |
| Net sales  | $319321 | $327676 | $356269 | $295395 | $(8991) | $(8850) | $666599 | $614221 |
| Net sales, excluding Stuart Weitzman <sup>(1)</sup> | 319321 | 327676 | 312408 | 295395 | (8991) | (8850) | 622738 | 614221 |
| Gross profit | 140006 | 148441 | 174510 | 129287 | 956 | 966 | 315472 | 278694 |
| Adjusted gross profit | 140006 | 148441 | 174510 | 129287 | 956 | 966 | 315472 | 278694 |
| Adjusted gross profit, excluding Stuart Weitzman | 140006 | 148441 | 150285 | 129287 | 956 | 966 | 291247 | 278694 |
| Gross margin | 43.8% | 45.3% | 49.0% | 43.8% | (10.6)% | (10.9)% | 47.3% | 45.4% |
| Adjusted gross margin | 43.8% | 45.3% | 49.0% | 43.8% | (10.6)% | (10.9)% | 47.3% | 45.4% |
| Adjusted gross margin, excluding Stuart Weitzman | 43.8% | 45.3% | 48.1% | 43.8% | (10.6)% | (10.9)% | 46.8% | 45.4% |
| Operating earnings (loss) | (437) | 4974 | 39091 | 17415 | (14785) | (10805) | 23869 | 11584 |
| Adjusted operating earnings (loss) | (437) | 4974 | 39548 | 17415 | (17368) | (10178) | 21743 | 12211 |
| Adjusted operating earnings (loss), excluding Stuart Weitzman | (437) | 4974 | 40986 | 17415 | (17368) | (10178) | 23181 | 12211 |
| Operating margin | (0.1)% | 1.5% | 11.0% | 5.9% | n/m% | n/m% | 3.6% | 1.9% |
| Adjusted operating margin | (0.1)% | 1.5% | 11.1% | 5.9% | n/m% | n/m% | 3.3% | 2.0% |
| Adjusted operating margin, excluding Stuart Weitzman | (0.1)% | 1.5% | 13.1% | 5.9% | n/m% | n/m% | 3.7% | 2.0% |
| Comparable sales % (on a 13-week basis) | (2.3)% | (4.6)% | 6.8% | (1.2)% | —% | —% | —% | —% |
| Company-operated stores, end of period | 812 | 835 | 184 | 115 |  |  | 996 | 950 |

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n/m – Not meaningful

&nbsp;&nbsp;&nbsp;&nbsp;(1) Stuart Weitzman net sales were $43.9 million in the thirteen weeks ended May 2, 2026.

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| |
|:---|
| **SCHEDULE 5** |
| **CALERES, INC.** |
| **SUMMARY FINANCIAL RESULTS BY SEGMENT** |

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**RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP)**<br>

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  | Thirteen Weeks Ended  |
|  | Famous Footwear | Famous Footwear | Brand Portfolio | Brand Portfolio | Eliminations and Other | Eliminations and Other | Consolidated | Consolidated |
|  | May 2, | May 3, | May 2, | May 3, | May 2, | May 3, | May 2, | May 3, |
| *($ thousands)* | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 |
| Gross profit | $140006 | $148441 | $174510 | $129287 | $956 | $966 | $315472 | $278694 |
| <u>Charges/Other Items:</u> |  |  |  |  |  |  |  |  |
| Stuart Weitzman acquisition and integration costs |  |  |  |  |  |  |  |  |
| Total charges/other items |  |  |  |  |  |  |  |  |
| Adjusted gross profit | $140006 | $148441 | $174510 | $129287 | $956 | $966 | $315472 | $278694 |
| <u>Stuart Weitzman</u>  |  |  |  |  |  |  |  |  |
| Stuart Weitzman gross profit |  |  | 24225 |  |  |  | 24225 |  |
| Adjusted gross profit, excluding Stuart Weitzman | $140006 | $148441 | $150285 | $129287 | $956 | $966 | $291247 | $278694 |
| Operating earnings (loss) | $(437) | $4974 | $39091 | $17415 | $(14785) | $(10805) | $23869 | $11584 |
| <u>Charges/Other Items:</u> |  |  |  |  |  |  |  |  |
| Stuart Weitzman acquisition and integration costs |  |  | 457 |  | 1357 | 627 | 1814 | 627 |
| Gain on sale of corporate headquarters |  |  |  |  | (3940) |  | (3940) |  |
| Total charges/other items |  |  | 457 |  | (2583) | 627 | (2126) | 627 |
| Adjusted operating earnings (loss) | $(437) | $4974 | $39548 | $17415 | $(17368) | $(10178) | $21743 | $12211 |
| <u>Stuart Weitzman</u>  |  |  |  |  |  |  |  |  |
| Stuart Weitzman operating loss <sup>(2)</sup> |  |  | (1438) |  |  |  | (1438) |  |
| Adjusted operating earnings (loss), excluding Stuart Weitzman | $(437) | $4974 | $40986 | $17415 | $(17368) | $(10178) | $23181 | $12211 |

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&nbsp;&nbsp;&nbsp;&nbsp;(2) Represents the operating loss of Stuart Weitzman, adjusted for Stuart Weitzman acquisition and integration costs .

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| |
|:---|
| **SCHEDULE 6** |
| **CALERES, INC.** |
| **BASIC AND DILUTED EARNINGS PER SHARE RECONCILIATION** |

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| | | |
|:---|:---|:---|
|  | (Unaudited) | (Unaudited) |
|  | Thirteen Weeks Ended | Thirteen Weeks Ended |
|  | May 2, 2026 | May 3, 2025 |
| *($ thousands, except per share data)* |  |  |
| Net earnings attributable to Caleres, Inc.: |  |  |
| Net earnings  | $13750 | $5946 |
| Net loss attributable to noncontrolling interests | 527 | 997 |
| Net earnings attributable to Caleres, Inc. | 14277 | 6943 |
| Net earnings allocated to participating securities | (452) | (241) |
| Net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities | $13825 | $6702 |
| Basic and diluted common shares attributable to Caleres, Inc.: |  |  |
| Basic common shares | 32620 | 32523 |
| Dilutive effect of share-based awards | 130 | 128 |
| Diluted common shares attributable to Caleres, Inc. | 32750 | 32651 |
| Basic earnings per common share attributable to Caleres, Inc. shareholders | $0.42 | $0.21 |
| Diluted earnings per common share attributable to Caleres, Inc. shareholders | $0.42 | $0.21 |

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| |
|:---|
| **SCHEDULE 7** |
| **CALERES, INC.** |
| **BASIC AND DILUTED ADJUSTED EARNINGS PER SHARE RECONCILIATION** |

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| | | |
|:---|:---|:---|
|  | (Unaudited) | (Unaudited) |
|  | Thirteen Weeks Ended | Thirteen Weeks Ended |
|  | May 2, 2026 | May 3, 2025 |
| *($ thousands, except per share data)* |  |  |
| Adjusted net earnings attributable to Caleres, Inc.: |  |  |
| Adjusted net earnings | $12171 | $6412 |
| Net loss attributable to noncontrolling interests | 527 | 997 |
| Adjusted net earnings attributable to Caleres, Inc. | 12698 | 7409 |
| Net earnings allocated to participating securities | (400) | (241) |
| Adjusted net earnings attributable to Caleres, Inc. after allocation of earnings to participating securities | $12298 | $7168 |
| Basic and diluted common shares attributable to Caleres, Inc.: |  |  |
| Basic common shares | 32620 | 32523 |
| Dilutive effect of share-based awards | 130 | 128 |
| Diluted common shares attributable to Caleres, Inc. | 32750 | 32651 |
| Basic adjusted earnings per common share attributable to Caleres, Inc. shareholders | $0.38 | $0.22 |
| Diluted adjusted earnings per common share attributable to Caleres, Inc. shareholders | $0.38 | $0.22 |

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| |
|:---|
| **SCHEDULE 8** |
| **CALERES, INC.** |
| **RECONCILIATION OF DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS)**  |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Second Quarter 2026 Guidance | Second Quarter 2026 Guidance | Fiscal 2026 Guidance | Fiscal 2026 Guidance |
|  | Low | High | Low | High |
| GAAP diluted earnings per share | $0.32 | $0.38 | $1.44 | $1.69 |
| Stuart Weitzman acquisition and integration costs |  |  | 0.03 | 0.03 |
| Gain on sale of corporate headquarters |  |  | (0.07) | (0.07) |
| Adjusted diluted earnings per share | $0.32 | $0.38 | $1.40 | $1.65 |

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9<br>

**Investor Contact:**<br> Liz Dunn

ldunn@caleres.com

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