Slide 1: Second Quarter 2026
SECOND QUARTER 2026 SEPTEMBER 9, 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: Caleres at a glance: revenue, employees, stores, brands
$2.85B ~10,000 TTM Revenue Employees 71% ~1,000 Direct-to-Consumer Stores 51% 60+ TTM Brand Portfolio Countries Sales Penetration
Slide 4: REPLACE
REPLACE
Slide 5: 2Q26 by the Numbers
2Q26 BY THE NUMBERS SALES ADJUSTED ADJUSTED EARNINGS INVENTORY inMillionsof$ OPERATING MARGIN* PER SHARE* inMillionsof$ %ofNetSales $754 $696 $683 $695 $693 $659 $661 $661 7.4% 6.2% $0.98 $0.85 3.2% $0.47 2.4% $0.35 2Q23 2Q24 2Q25 2Q26 2Q23 2Q24 2Q25 2Q26 2Q23 2Q24 2Q25 2Q26 2Q23 2Q24 2Q25 2Q26 * Se
Slide 6: 2Q26 Highlights
2Q26 HIGHLIGHTS SALES ADJUSTED GROSS MARGIN* ADJUSTED EPS* $695 M 46.8 % $ 0.47 +$0.12 vs 2Q25, beating both +5.6% vs 2Q25 +340 bps vs 2Q25, excluding tariff refunds consensus and guidance ADJUSTED OPERATING EARNINGS* MARKET SHARE** INVENTORY $22 M +0.1 % +8.8 % 3.2% of sales — +70 bps vs 2Q25 In To
Slide 7: Brand Portfolio 2Q26 Highlights
BRAND PORTFOLIO 2Q26 HIGHLIGHTS ADJUSTED OPERATING ADJUSTED GROSS SALES MARGIN* MARGIN* $341 M 10.5 % 49.1 % +23.6% vs 2Q25 and +8.2% on an +740 bps vs 2Q25, exceeding +880 bps vs 2Q25 organic basis expectations INTERNATIONAL MARKET SHARE** INVENTORY SALES +5 7 % +0.7 % $356 M In Women’s Fashion Foo
Slide 8: Famous Footwear 2Q26 Highlights
FAMOUS FOOTWEAR 2Q26 HIGHLIGHTS ELEVATE-AND-EDIT SALES SG&A STRATEGY $374 M 41.3 % +21.7 % Down 6.3% vs 2Q25, with comparable Premium product sales vs 2Q25, with Deleveraged 220 bps vs 2Q25 sales down 5.9% penetration +430 basis points BRAND KIDS MARKET GROSS TAKEOVERS SHARE* MARGIN 4 of 4 +0.4 % 42
Slide 9: Outlook
OUTLOOK THIRD QUARTER Net Sales Up low-single digits Gross Margin Up 150 to 200 bps Tax Rate 23% to 25% GAAP EPS $0.62 to $0.70 FULL YEAR Net Sales Up low-to-mid-single digits Gross Margin Up 180 to 220 bps Interest Expense $16 to $17 million Tax Rate 24% to 26% GAAP EPS $2.80 to $2.95 Adjusted EPS
Slide 10: Appendix
ERE S Est +1870
Slide 11: Reconciliation of Net Earnings and Diluted EPS to Adjusted
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) (Unaudited) Thirteen Weeks Ended August 1, 2026 August 2. 2025 Pre-Tax Net Eamings Pre-Tax Net Eamings Impact of Attributable Dil
Slide 12: Summary Financial Results by Segment
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT SUMMARY FINANCIAL RESULTS (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated ‘August 1, ‘August 2, ‘August 1, ‘August 2, ‘August 1, ‘August 2, ‘August 1, ‘August 2, (8 thousands) 2026 2025 2026 2025
Slide 13: Summary Financial Results by Segment: Reconciliation of Adjusted Results
CALERES, [ SUMMARY FINANCIAL RESULTS BY SEGMENT RECONCILIATION OF ADJUSTED RESULTS (N (S thousands) Gross profit Charges/Other Items Tariff refund recovery Adjusted gross profit Stuart Weitzman ‘Stuart Weitzman gross profit Adjusted gross profit, excluding Stuart Weitzman Operating earnings (loss) C
Slide 14: Reconciliation of Diluted EPS Guidance to Adjusted
CALERES, INC. RECONCILIATION OF DILUTED EARNINGS PER SHARE (GAAP BASIS) TO ADJUSTED DILUTED EARNINGS PER SHARE (NON-GAAP BASIS) (Unaudited) (Unaudited) Third Quarter 2026 Guidance Fiscal 2026 Guidance Low High Low High GAAP diluted earnings per share $ 0.62 $ 0.70 $ 2.80 $ 2.95 Tariff refund recover
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