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Caleres Q2 EPS beats estimates despite revenue miss; stock jumps 10% on strong profitability and cash position.

Company Fundamentals
09 Sep 2026
Seeking Alpha
View Source
Bullish
Caleres Q2 EPS beats estimates despite revenue miss; stock jumps 10% on strong profitability and cash position.

Caleres, Inc. reported strong Q2 results with adjusted EPS of $0.47, beating estimates by $0.10, despite revenue missing forecasts by $7 million. Profitability was boosted by one-time tariff refunds, while Famous Footwear's declining comps and store count were offset by overall store growth and a recent acquisition. The company maintains a robust net cash position of $50.9 million and is rated a Buy due to its attractive valuation and improving profitability. The stock surged about 10% following the earnings announcement, reflecting investor confidence.

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