$CAL

CALERES INC

CIK:0000014707|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
Net sales	$ 695,454	$ 658,519	$ 1,362,053	$ 1,272,740
Cost of goods sold	314,479	372,724	665,606	708,251
Gross profit	380,975	285,795	696,447	564,489
Selling and administrative expenses	303,361	269,747	597,090	536,230
Restructuring and other special charges, net	0	6,756	(2,126)	7,383
Operating earnings	77,614	9,292	101,483	20,876
Interest expense, net	(4,387)	(4,497)	(9,068)	(8,291)
Other income, net	4,504	993	5,670	1,677
Earnings before income taxes	77,731	5,788	98,085	14,262
Income tax (provision) benefit	(18,310)	1,273	(24,913)	(1,256)
Net earnings	59,421	7,061	73,172	13,006
Net earnings (loss) attributable to noncontrolling interests	779	348	252	(650)
Net earnings attributable to Caleres, Inc.	$ 58,642	$ 6,713	$ 72,920	$ 13,656
Basic earnings per common share attributable to Caleres, Inc. shareholders	$ 1.72	$ 0.2	$ 2.15	$ 0.4
Diluted earnings per common share attributable to Caleres, Inc. shareholders	$ 1.71	$ 0.2	$ 2.14	$ 0.4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating Activities
Net earnings	$ 73,172	$ 13,006
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	23,607	22,135
Amortization of capitalized software	2,452	2,496
Amortization of intangible assets	5,787	5,518
Amortization of debt issuance costs	343	213
Loss on early extinguishment of debt		52
Share-based compensation expense	6,349	6,928
Gain on disposal of property and equipment	(2,755)	(76)
Impairment charges for property, equipment, and lease right-of-use assets	610	702
Adjustment to expected credit losses	(946)	2,322
Deferred income taxes	684	324
Changes in operating assets and liabilities:
Receivables	(13,531)	18,447
Inventories	(144,018)	(129,605)
Prepaid expenses and other current and noncurrent assets	(7,865)	1,752
Trade accounts payable	93,684	58,819
Accrued expenses and other liabilities	(1,440)	27,418
Income taxes, net	19,164	9,735
Other, net	480	1,460
Net cash provided by operating activities	55,777	41,646
Investing Activities
Purchases of property and equipment	(19,104)	(32,877)
Proceeds from sale of headquarters	3,951
Capitalized software	(1,459)	(1,195)
Adjustment to acquisition of Stuart Weitzman	(307)
Net cash used for investing activities	(16,919)	(34,072)
Financing Activities
Borrowings under revolving credit agreement	207,850	643,500
Repayments under revolving credit agreement	(216,350)	(475,500)
Debt issuance costs		(2,920)
Dividends paid	(4,767)	(4,729)
Acquisition of treasury stock	(3,123)	(5,049)
Issuance of common stock under share-based plans, net	(2,090)	(3,331)
Contributions by noncontrolling interests	850	2,250
Net cash (used for) provided by financing activities	(17,630)	154,221
Effect of exchange rate changes on cash and cash equivalents	(77)	63
Increase in cash and cash equivalents	21,151	161,858
Cash and cash equivalents at beginning of period	29,769	29,636
Cash and cash equivalents at end of period	$ 50,920	$ 191,494

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 50,920	$ 29,769	$ 191,494
Receivables, net	152,966	147,216	136,070
Inventories, net	754,241	610,471	693,282
Income taxes	3,539	5,442	7,233
Property and equipment, held for sale		0	16,777
Prepaid expenses and other current assets	87,018	69,876	54,562
Total current assets	1,048,684	862,774	1,099,418
Prepaid pension costs	87,401	85,289	80,493
Lease right-of-use assets	557,041	562,327	551,167
Property and equipment, net	198,215	202,939	185,628
Deferred income taxes	5,517	5,603	5,229
Goodwill and intangible assets, net	198,968	204,147	186,756
Other assets	40,516	42,711	43,537
Total assets	2,136,342	1,965,790	2,152,228
Current liabilities:
Borrowings under revolving credit agreement	288,000	296,500	387,500
Trade accounts payable	284,726	191,150	296,327
Income taxes	25,199	8,049	12,190
Lease obligations	123,229	127,034	115,837
Other accrued expenses	221,972	222,807	203,233
Total current liabilities	943,126	845,540	1,015,087
Other liabilities:
Noncurrent lease obligations	466,082	467,597	465,794
Deferred income taxes	28,593	27,909	32,499
Other liabilities	16,722	15,788	16,904
Total other liabilities	511,397	511,294	515,197
Equity:
Common Stock	345	338	338
Additional paid-in capital	203,129	198,880	193,912
Accumulated other comprehensive loss	(16,154)	(18,576)	(27,230)
Retained earnings	486,242	421,209	446,276
Total Caleres, Inc. shareholders' equity	673,562	601,851	613,296
Noncontrolling interests	8,257	7,105	8,648
Total equity	681,819	608,956	621,944
Total liabilities and equity	$ 2,136,342	$ 1,965,790	$ 2,152,228