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Wealthfront Reports Fiscal First Quarter 2027 Results
The company posted $666.6 million in quarterly sales and $14.3 million in earnings, while Famous Footwear sales fell and the brand portfolio grew 20.6%.
- On Thursday, St. Louis-based Caleres reported first-quarter 2026 net sales of $666.6 million, up 8.5 percent from $614.2 million last year, with earnings of 42 cents per diluted share.
- Caleres beat its own earnings guidance for the second consecutive quarter, driven by a 20.6 percent surge in brand portfolio sales, though Famous Footwear declined 2.5 percent amid softer consumer demand.
- President and Chief Executive Officer Jay Schmidt called the quarter an "encouraging first step toward a build-back year," highlighting brand portfolio momentum and plans to improve Stuart Weitzman profitability and Famous Footwear experiences.
- Caleres expects second quarter consolidated sales to increase mid-to-high-single digits, with brand portfolio sales rising in the mid-twenties percent range and Q2 earnings between 32 cents and 38 cents per share.
- Longer term, Schmidt said disciplined execution of strategic plans will improve financial performance and create shareholder value, with 2026 full-year earnings per share projected between $1.44 and $1.69.
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Total News Sources11
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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