revenue $666.6M, net income $14.3M. Caleres Q1 revenue +8.5%, operating earnings double on Stuart Weitzman deal, tariff refunds

Filed June 9, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 10, 2025 · ~2 min read

Key Changes

• high

  Stuart Weitzman acquisition closed August 2025, contributing $43.9M in Q1 sales and 71 retail stores. Funded with revolving credit, pushing borrowings to $347.5M (up from $258.5M prior year) and debt-to-capital to 35.9%.

  MD&A: Stuart Weitzman acquisition verify on EDGAR →
• high

  Supreme Court invalidated IEEPA tariffs in February 2026, creating $57.9M refund opportunity. Company has received $16.8M cash as of May 11, but has not recorded receivable due to uncertainty over full recovery.

  MD&A: IEEPA tariff invalidation verify on EDGAR →
• high

  New Section 122 temporary 10% tariff and Section 301 investigations launched after IEEPA invalidation, creating ongoing uncertainty. Company continues mitigation via sourcing diversification and selective price increases.

  MD&A: New tariff actions verify on EDGAR →