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May 03, 2025
Caleres Q1 2025 Earnings Report
Caleres reported Q1 2025 results with revenue and earnings below expectations.
Key Takeaways
Caleres posted lower revenue and earnings in Q1 2025 due to weaker sales in both segments and reduced gross margins. Despite underperformance, momentum improved toward the end of the quarter.
Revenue declined 6.8% year-on-year to $614.2 million.
EPS was $0.21; adjusted EPS came in at $0.22.
Net income dropped to $6.9 million from $30.9 million in Q1 2024.
Gross margin fell 150 basis points to 45.4%, driven by inventory-related costs and weaker sales.
Revenue by Segment
Forward Guidance
Caleres suspended guidance for fiscal 2025 due to macroeconomic uncertainty.
Positive Outlook
- International business showed growth.
- Improved sales momentum in March and April.
- Structural cost-cutting will reduce SG&A by $15 million annually.
- Focus on optimizing sourcing strategy.
- Company remains confident in long-term strategic execution.
Challenges Ahead
- Weak February sales hurt quarterly performance.
- Overall Q1 results fell short of expectations.
- Lower gross margins impacted earnings.
- Inventory-related costs pressured profitability.
- Operating environment has become more challenging.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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