Slide 1: Fourth Quarter & Full Year 2025
FOURTH QUARTER & FULL YEAR 2025 MARCH 19, 2026
Slide 2: Safe Harbor
SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation contains certain forward-looking statements and expectations regarding the company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that coul
Slide 3: Company key facts
$2.76B ~10,000 LTM Revenue Employees 73% 1,000+ Direct to Consumer Stores ~48% 50+ Brand Portfolio Segment Countries Sales Penetration
Slide 4: Brand portfolio
Slide 5: Key 2025 Accomplishments
KEY 2025 ACCOMPLISHMENTS ELEVATED OUR BRANDS SIGNIFICANT OWNED MARKET SHARE GAINS* AND PRODUCTS ECOMMERCE GROWTH +0.3% in Total Footwear More premium brands with gains in Women’s Double-digit growth in and products at higher Fashion Footwear and both business segments retails in both segments Shoe C
Slide 6: 4Q25 Snapshot
4Q25 SNAPSHOT Excluding Stuart Weitzman ADJUSTED ADJUSTED EARNINGS SALES* INVENTORY in Millions of $ OPERATING MARGIN* (LOSS) PER SHARE* in Millions of $ % of Net Sales $580 $565 $553 $696 $697 4.7% $541 $639 $639 3.7% $0.86 $0.65 2.1% $0.33 0.1% 4Q22 4Q23 4Q24 4Q25 4Q22 4Q23 4Q24 4Q25 4Q22 4Q23 4Q2
Slide 7: FY25 Snapshot
FY25 SNAPSHOT Excluding Stuart Weitzman* SALES ADJUSTED ADJUSTED EARNINGS In Millions of $ OPERATING MARGIN PER SHARE % of Net Sales $2.97 $2.82 $2.72 $2.66 7.3% 7.1% $4.52 $4.18 5.8% $3.30 2.5% $1.19 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Including Stuart Weitzman* ADJUSTED ADJ
Slide 8: Famous Footwear 4Q25 Highlights
FAMOUS FOOTWEAR 4Q25 HIGHLIGHTS POSITIVE COMP STORE MERCHANDISING ECOMMERCE SALES SALES GROWTH STRATEGY $354 M +20% ELEVATE & EDIT Down 1.2% vs 4Q24, with comparable vs 4Q24 Added new, premium brands sales up 0.1%. Gained share in shoe chains* and products while editing out more moderate labels TOTA
Slide 9: Brand Portfolio 4Q25 Highlights
BRAND PORTFOLIO 4Q25 HIGHLIGHTS OWNED ECOMMERCE SALES MARKET SHARE* GROWTH $361 M +0.85% >10% Up 20.3% vs 4Q24 and up 1.5% With total eCommerce up high-single In Women’s Fashion Footwear vs 4Q24 on an organic basis, exceeding digits and +0.34% in Total Footwear guidance INTERNATIONAL ADJUSTED GROSS
Slide 10: Outlook
OUTLOOK First Quarter 2026 Guidance Net Sales Up mid to high-single digits Organic Net Sales Flat to up low-single digits 1Q26 Gross Margin Effective Tax Rate Up 120 to 140 bps 30% to 32% GAAP EPS $0.21 to $0.26 Adjusted EPS $0.25 to $0.30 Full Year 2026 Guidance Net Sales Up low to mid-single digit
Slide 11: Appendix
Alin pata arrestee APPENDIX CALERES
Slide 12: Reconciliation of Net Earnings and Diluted EPS
‘CALERES, INC. RECONCILIATION OF NET EARNINGS AND DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) AND ADJUSTED NET EARNINGS AND ADJUSTED DILUTED EARNINGS PER SHARE, EXCLUDING STUART WEITZMAN (NON-GAAP BASIS) aavdited) “Thifiee
Slide 13: Summary Financial Results by Segment (Thirteen Weeks)
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT SUMMARY FINANCIAL RESULTS (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated January 31, February 1, January 31, February 1, January 31, February 1, January 31, February 1, (S thousands) 2026 2025 20
Slide 14: Reconciliation of Adjusted Results by Segment (Thirteen Weeks)
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP) (S thousands) Gross profit Charges/Other Items: Stuart Weitzman acquisition and integration costs Total charges/other items Adjusted gross profit Stuart Weitzman Stuart Weitzman gross profit Adjusted gro
Slide 15: Summary Financial Results by Segment (Fifty-Two Weeks)
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT SUMMARY FINANCIAL RESULTS (Unaudited) Fifty-Two Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated January 31, February 1, January 31, February 1, January 31, February 1, January 31, February 1, ($ thousands) 2026 2025 2
Slide 16: Reconciliation of Adjusted Results by Segment (Fifty-Two Weeks)
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP) (8 thousands) Gross profit Charges/Other Items: Stuart Weitzman acquisition and integration costs Total charges/other items Adjusted gross profit Stuart Weitzman Stuart Weitzman gross profit Adjusted gro
Slide 17: Reconciliation of Diluted EPS Guidance
CALERES, INC. RECONCILIATION OF DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) (Unaudited) (Unaudited) First Quarter 2026 Guidance Fiscal 2026 Guidance Low High Low High GAAP diluted earnings per share $ 0.21 $ 0.26 ILS) $ 1.61 Stuart Weitzman acquisi
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