Financial Performance - Q2 2025 - Sales decreased to $659 million, a 3.6% decrease compared to $683 million in 2Q24[19, 16] - Adjusted Earnings Per Share (EPS) decreased to $0.35, compared to $0.85 in 2Q24[19, 16] - Gross margin was 43.4%, down 210 bps compared to 2Q24[19] - Inventory increased by 5% compared to 2Q24[19] - Adjusted EBITDA was $163 million[19] Segment Performance - **Famous Footwear:** Sales were $400 million, down 4.9% year-over-year, with comparable sales down 3.4%[26] Gross margin was 43.7%, down 130 bps year-over-year[26] - **Brand Portfolio:** Sales were $276 million, down 3.5% compared to 2Q24, including a $10 million impact from tariffs[21] Gross margin was 40.3%, down 240 bps compared to 2Q24[22] Outlook - Famous Footwear expects comparable sales to be up 1% in August, down low-single digits in September and October[30] - The Brand Portfolio expects Q3 gross margin to be down similar to Q2, with Q4 trends improving as mitigation strategies benefit[30] Strategic Initiatives - The company achieved $15 million in annualized, structural savings[14] - The company is partnering with a consulting firm to explore additional structural cost savings across the portfolio[30]

Financial Performance - Caleres' sales were $614 million, a decrease of 6.8% compared to Q1 2024[6,8] - Gross margin was 45.4%, down 150 bps versus Q1 2024[8] - Adjusted EPS was $0.22[6,8] - Inventory was up 8.1% compared to Q1 2024[8] - Total debt was $295 million[8] - Adjusted EBITDA for the trailing twelve months was $188 million, compared to $259 million in the prior year[8] Segment Performance - Famous Footwear sales were $328 million, down 6.3% year-over-year, with comparable sales down 4.6%[12] - Brand Portfolio sales were $295 million, down 6.9% versus Q1 2024[9] - Famous Footwear gross margin was 45.3%, down 80 bps year-over-year[13] - Brand Portfolio gross margin was 43.8%, down 280 bps versus Q1 2024[9] Additional Financial Data - Net earnings attributable to Caleres Inc was $6943 thousand[19] - Adjusted net earnings attributable to Caleres Inc was $7409 thousand[19]