Slide 1: First Quarter 2026
FIRST QUARTER 2026 JUNE 4, 2026
Slide 2: Safe Harbor
SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release 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 cou
Slide 3: Moving footwear forward for the next 150 years
Since 1878, Caleres has been a trusted leader in footwear innovation. We build powerful brands and inspiring experiences across consumer lifestyles, backed by value-enhancing scale and deep end-to-end expertise — from design & sourcing to logistics & retail. Our diversified portfolio is our strength
Slide 4: Caleres at a glance
$2.8B ~10,000 TTM Revenue Employees 67% ~1,000 Direct-to-Consumer Stores 49% 60+ TTM Brand Portfolio Countries Sales Penetration
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Slide 6: Key Accomplishments
KEY ACCOMPLISHMENTS ELEVATED BRANDS AND OWNED MARKET SHARE ASSORTMENTS E-COMMERCE GROWTH GROWTH* +0.1% in Total Footwear, with Elevated product sales up Strong sales growth gains in Women’s Fashion nearly 50% at Famous across both segments Footwear and Shoe Chains SIGNIFICANT MARGIN LEAD BRANDS STUA
Slide 7: 1Q26 by the Numbers
1Q26 BY THE NUMBERS SALES A DJ U ST E D A DJ U ST E D E A R N I N G S INVENTORY in Millions of $ O P E R AT I N G M A R G I N * PER SHARE* in Millions of $ % of Net Sales $663 $659 $667 $609 $614 $560 $574 $531 7.5% 6.5% $0.97 $0.88 3.3% 2.0% $0.38 $0.22 1Q23 1Q24 1Q25 1Q26 1Q23 1Q24 1Q25 1Q26 1Q23
Slide 8: 1Q26 Caleres Highlights
1Q26 CALERES HIGHLIGHTS SALES GROSS MARGIN ADJUSTED EPS* $667 M 47.3 % $ 0.38 Up 8.5% vs 1Q25, Up $0.16 vs 1Q25, beating both Up 200 bps vs 1Q25 at high end of guidance consensus and guidance ADJUSTED OPERATING EARNINGS* MARKET SHARE** INVENTORY $22 M +0.1% + 6.2 % 3.3% of sales; up 130 bps vs 1Q25
Slide 9: Brand Portfolio 1Q26 Highlights
BRAND PORTFOLIO 1Q26 HIGHLIGHTS OWNED SALES MARKET SHARE* E-COMMERCE SALES $356 M +0.7 % +21% Up 20.6% vs 1Q25, and up 5.8% In Women’s Fashion Footwear vs 1Q25 on an organic basis with Lead Up 6% on an organic basis vs 1Q25 and +0.2% in Total Footwear Brands up 7% INTERNATIONAL OPERATING INVENTORY S
Slide 10: Famous Footwear 1Q26 Highlights
FAMOUS FOOTWEAR 1Q26 HIGHLIGHTS E-COMMERCE ELEVATE-AND-EDIT SALES GROWTH STRATEGY $319 M +10% +49% Down 2.5% vs 1Q25, with comparable vs 1Q25. Fourth straight quarter near or Elevated product sales vs 1Q25, with sales down 2.3% above double-digit growth penetration up 700 basis points FLAIR KIDS MAR
Slide 11: Outlook
OUTLOOK Second Quarter Net Sales Up mid-to-high single digits 2Q26 Gross Margin Tax Rate Up 345 to 375 bps 26% to 27% GAAP EPS $0.32 to $0.38 Full Year Net Sales Up low to mid-single digits Gross Margin Up 220 to 260 bps FY26 Interest Expense Tax Rate ~$18 million 27% to 28% GAAP EPS $1.44 to $1.69
Slide 12: Appendix
APPENDIX 12
Slide 13: 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) (S thousands, except per share data) GAAP earings Charges/other items: Stuart Weitzman acquisition and integration costs Gain on
Slide 14: Summary Financial Results by Segment
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMEN’ SUMMARY FINANCIAL RESULTS (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated May 2. May 3, May 2, May 3, May 2, May 3, May 2, May 3. (S thousands) 2026 2025 2026 2025 2026 2025 2026 2025 Net sales $
Slide 15: Reconciliation of Adjusted Results by Segment
CALERES, INC. SUMMARY FINANCIAL RESULTS BY SEGMENT RECONCILIATION OF ADJUSTED RESULTS (NON-GAAP) (Unaudited) Thirteen Weeks Ended Famous Footwear Brand Portfolio Eliminations and Other Consolidated May 2. May 3, May 2, May 3, May 2. May 3. May 2. May 3, (8 thousands) 2026 2025 2026 2025 2026 2025 20
Slide 16: 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) Second Quarter 2026 Guidance Fiscal 2026 Guidance Low High Low High GAAP diluted earnings per share $ 0.32 $ 0.38 $ 1.44 $ 1.69 Stuart Weitzman acqu
Slide 17: Caleres
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