Caleres, Inc. (NYSE:CAL) shares surged after it reported fourth-quarter 2025 results. Consolidated sales rose 8.7% year over year to $695.06 million, topping the $679.6 million estimate.
• Caleres shares are powering higher. Why are CAL shares rallying?
Earnings Snapshot
Adjusted EPS loss was 36 cents, down from EPS of 33 cents, better than the consensus loss of 40 cents.
Excluding Stuart Weitzman, the company reported adjusted loss per share of six cents.
For the quarter, direct-to-consumer sales represented approximately 74% of total net sales.
Gross profit was $290.3 million and gross margin was 41.8%, down 230 basis points Y/Y, while adjusted gross margin was 42.9%, down 10 basis points Y/Y.
At the year-end, cash and cash equivalents were $29.8 million, and inventory was $610.5 million.
Segment Performance
Brand Portfolio segment net sales increased 20.3% Y/Y to $361.2 million, while it was up 1.5% Y/Y excluding Stuart Weitzman. Adjusted operating earnings were $8.73 …