Caleres, Inc. (NYSE:CAL) shares plunged after it reported third-quarter 2025 results, with consolidated sales rising 6.6% year over year to $790.1 million, topping the $759.1 million estimate.

GAAP earnings per diluted share were $0.07, down from $1.19 a year earlier, while adjusted EPS was $0.38, down from $1.23. Adjusted EPS of $0.38 missed estimates (adjusted earnings per diluted share excluding Stuart Weitzman was $0.67).

“Caleres delivered third quarter sales results that were ahead of our internal expectations, highlighted by organic sales growth in our Brand Portfolio segment, strong Lead Brands performance, sequential improvement in trends at Famous Footwear, and accelerated eCommerce momentum in both segments of our business,” said Jay Schmidt, president and chief executive officer.

Also Read: A Peek at Caleres’s Future Earnings

“With the recent addition of Stuart Weitzman, our Brand Portfolio now drives nearly half our sales and more than half our operating earnings. As we expected, we experienced pressure ...