Caleres reported second-quarter net sales up 5.6% to $695.5 million and adjusted diluted earnings per share of $0.47, up from $0.35 a year earlier, and raised the low end of its full-year guidance. The brand portfolio, which includes Sam Edelman, Allen Edmonds, Naturalizer, Vionic and Stuart Weitzman, generated $340.6 million in sales, up 23.6% on the Weitzman integration and 8.2% organic growth, with adjusted gross margin up 880 basis points to 49.1%. Famous Footwear, the company's larger chain, saw sales fall 6.3% to $374.4 million and gross margin slip 100 basis points to 42.7% as consumers pulled back from lifestyle athletic shoes. Total inventory rose to $754.2 million, up $61 million, with $69 million tied to the Weitzman acquisition, and CFO Daniel Karpel flagged an uncertain tariff environment as the company assumes new tariffs will replace prior IEEPA refunds that added $57.4 million to the quarter. Caleres ended the quarter with $50.9 million in cash against $288 million in revolver borrowings and plans to open 13 stores while closing 26 this year.
Caleres IncCaleres raised the low end of full-year guidance after Q2 sales rose 5.6% and adjusted EPS jumped to $0.47 from $0.35.
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