Net sales for the fourth quarter totalled US$695.1 million, up 8.7% compared with the same period last year.
The Famous Footwear segment saw sales decrease by 1.2%, with comparable sales up 0.1%. The Brand Portfolio segment reported a 20.3% increase in sales, or 1.5% growth excluding Stuart Weitzman. Direct-to-consumer sales accounted for approximately 74% of total net sales.
Gross profit for the quarter reached US$290.3 million, with a gross margin of 41.8%. Famous Footwear recorded a gross margin of 42.5%, while Brand Portfolio gross margin declined to 39.3%.
Net loss for the quarter was US$22.7 million, translating to a loss of US$0.70 per diluted share. On an adjusted basis, net loss was US$11.7 million, or US$0.36 per diluted share, improving to a loss of US$0.06 per share excluding Stuart Weitzman.
For the full fiscal year 2025, net sales rose 1.3% to US$2.8 billion. However, the company reported a GAAP net loss of US$6.7 million, or US$0.21 per share, compared to net earnings of US$107.3 million, or US$3.09 per share, in the prior year. Adjusted earnings were US$20.5 million, or US$0.61 per share, and US$40.2 million, or US$1.19 per share, excluding Stuart Weitzman.
In response, Caleres completed the integration of Stuart Weitzman onto its platforms on time and on budget, with minimal disruption. The company also highlighted continued strength in eCommerce and international markets, alongside market share gains in women’s fashion footwear and total footwear.
“Caleres’ fourth quarter exceeded our earnings guidance with sales modestly above expectations and gross margin better than anticipated in both segments,” said Jay Schmidt, President and CEO of Caleres. “Performance was driven by continued strength in owned eCommerce and international growth, reinforcing our strategic growth vectors. Our Lead Brands once again outperformed, and we gained market share in both women’s fashion footwear and total footwear.”
