Slide 1: Second Quarter 2025
SECOND QUARTER 2025 SEPTEMBER 4, 2025
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: Slide 3
Slide 4: Key Accomplishments
KEY ACCOMPLISHMENTS LEAD BRANDS INTERNATIONAL ELEVATED AND DTC GROWTH ASSORTMENT AT FAMOUS FOOTWEAR Key Strategic Growth Double-Digit Growth with Jordan and Other New Vectors Outperformed Significant Opportunity Additions ACCELERATE SOURCING STRUCTURAL COST COMPLETED MIGRATION SAVINGS STUART WEITZMA
Slide 5: Caleres Overview – 2Q25
CALERES OVERVIEW – 2Q25 ADJUSTED ADJUSTED SALES OPERATING MARGIN* EARNINGS INVENTORY in Millions of $ % of Net Sales PER SHARE* in Millions of $ $738 $771 $696 $661 $661 $693 $683 $659 9.3% $1.38 7.4% 6.2% $0.98 $0.85 2.4% $0.35 2Q22 2Q23 2Q24 2Q25 2Q22 2Q23 2Q24 2Q25 2Q22 2Q23 2Q24 2Q25 2Q22 2Q23 2
Slide 6: 2Q25 at a Glance
2Q25 AT A GLANCE SALES GROSS MARGIN ADJUSTED EPS $659 M 43.4 % $0.35 Down 3.6% vs 2Q24 Down 210 bps vs 2Q24 TTM ADJUSTED EBITDA SG&A INVENTORY $163 M $270 M + 5 % 6.1% of sales Up slightly vs 2Q24 vs 2Q24
Slide 7: Brand Portfolio 2Q25
BRAND PORTFOLIO 2Q25 SALES GROSS MARGIN $276 M 40.3 % Down 3.5% vs 2Q24, including Down 240 bps vs 2Q24 $10M impact from tariffs OPERATING MARGIN MARKET SHARE 3.1% +0.5 % In Women’s Fashion Footwear vs 2Q24, and +0.15% in total market vs 2Q24* *Source: Circana, LLC, Retail Tracking Service, US, Tota
Slide 8: Famous Footwear 2Q25
FAMOUS FOOTWEAR 2Q25 SALES GROSS MARGIN $400 M 43.7 % Down 4.9% YOY, with Down 130 bps YOY comparable sales down 3.4% KIDS MARKET SHARE TOTAL KIDS +0.3 pts 21% Within shoe chains in Q2, while Of total business total business gained +0.1pts within shoe chains* *Source: Circana, LLC, Retail Tracking S
Slide 9: 2H25 Outlook
2H25 OUTLOOK (ex cludes Stuart Weitzman acquisition) FAMOUS FOOTWEAR BRAND PORTFOLIO COMP SALES GROSS MARGIN UP 1% IN AUGUST Q3 DOWN SIMILAR TO Q2 DOWN LOW-SINGLE Q4 TREND IMPROVES AS DIGITS IN SEPTEMBER MITIGATION STRATEGY AND OCTOBER BENEFITS REALIZED SG&A COST SAVINGS MODEST INCREASE IN PARTNERIN
Slide 10: Appendix
APPENDIX 10
Slide 11: Reconciliation of Net Earnings and Diluted EPS to Adjusted
SCHEDULE 4 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) (8 thousands, except per share data) GAAP esrnings Charges /other items: Stuart Weitzman acquisition and iztegration c
Slide 12: Summary Financial Results by Segment
SCHEDULE 5 CALERES, IN SUMMARY FINANCIAL RESULTS BY SEGM T SUMMARY FINANCIAL RESULTS (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated ‘August 2, August 3, August 2, ‘August 3, ‘August 2, August 3 “August 2 ‘August 3, (S thousands) 2025 2024 2025 20
Slide 13: Summary Financial Results by Segment
SCHEDULE 5 CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT SUMMARY FINANCIAL RESULTS G thousands) Net sales Gross profit Gross profit rate Operating earnings (loss) Adjusted operating eamings (loss) Operating earnings % Adjusted operating earnings % Comparable sales % (on a 26-week basis) ‘Compan
Slide 14: Calculation of EBITDA and Debt/EBITDA Leverage Ratio
SCHEDULE 8 CALERES, INC. CALCULATION OF EBITDA AND DEBT/EBITDA LEVERAGE RATIO (NON-GAAP METRICS) Uaandited) Thirteen Weeks Ended (S thousands) ‘August 2, 2025 ‘August 3, 2024 EBITDA ‘Net camings attributable to Caleres, In. 8 613 8 29.958 Income tax (benefit) provision 1273) 10,101 Interest expense,
Slide 15: Thank You
THANK YOU 15