By Connor Hart

Caleres logged higher profit and revenue in its latest quarter as it made progress against its continuing turnaround efforts.

The St. Louis-based footwear company on Thursday posted a profit of $14.3 million, or 42 cents a share, compared with $6.9 million, or 21 cents a share, a year earlier.

Stripping out one-time items, earnings were 38 cents a share. Analysts polled by FactSet expected adjusted earnings of 34 cents a share.

Revenue climbed 8.5% to $666.6 million, topping Wall Street models for $662.6 million.

Brand portfolio sales rose 21%, boosted by what Caleres called broad-based growth both domestically and internationally. Positive trends across its lead brands, which include Sam Edelman and Allen Edmonds, as well as the recently-acquired Stuart Weitzman banner, offset a decline in sales across its Famous Footwear brand.

Chief Executive Jay Schmidt said Famous Footwear's sales were hurt by a softer consumer and macroeconomic backdrop. Despite the challenges, he noted the brand grew its ecommerce business and continued working to refresh its assortment.

"The first quarter was an encouraging first step toward a build-back year for Caleres," Schmidt said.

Shares ticked up 1.6% in premarket trading.

For the year, Caleres now expects adjusted earnings of $1.40 to $1.65 a share, up from a prior view of $1.35 to $1.65 a share. It continues to project sales up by low to mid-single digits. Analysts anticipate adjusted earnings of $1.58 a share and revenue of $2.88 billion.

For the current quarter, the company guided for per-share earnings of 32 cents to 38 cents and sales up by mid- to high-single digits.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 04, 2026 07:28 ET (11:28 GMT)

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