Caleres reports revenue growth amid Stuart Weitzman integration

US footwear group Caleres has announced its financial results for the fourth quarter and full fiscal year ending January 31, 2026, revealing a period of strategic transition marked by the integration of the Stuart Weitzman brand. The St. Louis-based company reported a fourth quarter net sales increase of 8.7 percent to 695.10 million dollars, supported by a significant rise in its Brand Portfolio segment.

The integration of Stuart Weitzman, which was completed on time and within budget at the close of the quarter, significantly influenced the group’s bottom line. While consolidated net sales rose, Caleres reported a 4Q25 GAAP net loss of 22.70 million dollars, or 0.70 dollars per diluted share. On an adjusted basis, the loss per diluted share was 0.36 dollars. However, when excluding the impact of Stuart Weitzman, the adjusted loss per diluted share narrowed to 0.06 dollars.

Segment performance and market share gains

The Brand Portfolio division saw net sales increase by 20.3 percent during the quarter. When excluding the contribution from Stuart Weitzman, organic sales for the segment grew by 1.5 percent.

Caleres president and chief executive officer, Jay Schmidt, noted that the group continued to gain market share in both women’s fashion footwear and total footwear, with increases of 0.85 percentage points and 0.34 percentage points respectively.

At Famous Footwear, the group's retail chain, net sales declined by 1.2 percent for the quarter, though comparable sales remained relatively flat with a 0.1 percent increase. Direct-to-consumer (DTC) channels remained a core pillar of the business, representing approximately 74 percent of total net sales during the 13-week period. Owned e-commerce sales across both Famous Footwear and the Brand Portfolio maintained double-digit growth.

Outlook for fiscal year 2026

Management expects 2026 to be a recovery period. For the first quarter of 2026, Caleres forecasts consolidated net sales to increase by mid- to high-single digits. The group anticipates adjusted earnings per diluted share to fall between 0.25 dollars and 0.30 dollars for the quarter.

For the full fiscal year 2026, the company expects total sales to grow by low to mid-single digits. Profitability is projected to improve, with adjusted earnings per diluted share estimated between 1.35 dollars and 1.65 dollars. Schmidt stated that this improvement will be driven by tariff mitigation efforts and the plan to bring Stuart Weitzman to breakeven profitability.

“While we have many reasons for optimism, we are also aware that the current geopolitical backdrop presents a level of risk and uncertainty,” Schmidt added.

The group plans for capital expenditures between 55 million dollars and 60 million dollars for the upcoming year to support its strategic growth vectors.