What move does the options market price into Caleres's report?

Implied ±7.2%, either direction.

How often does Caleres move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

CALNYSEFootwear, (No Rubber)

Caleres Inc (CAL) earnings date, market-implied expected move, and options open interest by expiry

13.50

Closed16:00 ET

Open13.84Volume856,353Mkt cap$465.5MP/E725.03Div yield2.08%

Day13.39 – 13.8425%52-wk8.65 – 14.9277%

CAL

Caleres Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.2%implied · report alone

8Q avg ±9.0%·×0.80·cheap

12.5214.46

straddle ±16.7%

spot 13.49exp Dec 18ATM strike 12.5ATM straddle 2.65IV 67%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Dec 8

before open · in 37 days

est.Q3 FY26

Calendar

Next report

Last report

+1.00%

vs ±11.6% implied · ×0.09

shaded = implied · ▲▼ = realized

Sep 9 '26 · confirmed

Implied vs realized

Linked news

1dAMZN · customerAmazon falls 2%, Intel dives 29%, as tech stocks sell off in post-earnings rout
2dKSS · customerKohls appoints Stacy Taffet to board, increases board to nine

News

Largest filed tie

13F top-10 QoQ

+0.48%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

170 managers

Top fund weight

0.01%

CAL weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Caleres (CAL) is expected to report on Dec 8 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±13.2%
avg realized: ±9.0%

Dec 5 '24Dec 5 '24confirmed±8.6%▼−19.97%×2.33

Mar 20 '25Mar 20 '25confirmed±12.8%▲+2.75%×0.21

May 29 '25May 29 '25confirmed±15.1%▼−18.31%×1.21

Sep 4 '25Sep 4 '25confirmed±12.8%▼−4.75%×0.37

Q3 FY26Dec 9 '25confirmed±14.9%▼−5.56%×0.37

Mar 19 '26Mar 19 '26confirmed±15.6%▲+19.07%×1.23

Q1 FY26Jun 4 '26confirmed±13.9%▲+0.64%×0.05

Q2 FY26Sep 9 '26confirmed±11.6%▲+1.00%×0.09

quarterimplied−20%0+20%realized×

Q2 FY26±11.6%▲+1.00%×0.09

Q1 FY26±13.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 26 close

2.94OI · 3 expiries · Oct 26 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

9990%Nov 2019d0.273,6600%0.27

report · Dec 8 · before open · est.

6,3770%Dec 1847d2,1660%

2490%Feb 19110d1.112250%1.11

ExpiryPutsCallsP/C

Nov 2019d9990%3,6600%0.27

report · Dec 8 · before open · est.

Dec 1847d6,3770%2,1660%2.94

Feb 19110d2490%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±16.7%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 2

NKE±4.1%×0.24

TPR±3.6%×0.22

Customers 4

DBI±11.8%×0.70

KSS±11.5%×0.69

M±6.8%×0.41

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

0.18%as filednet margin · revenue +19.97% QoQ

Revenue

$790M+19.97% QoQ

Gross profit

$330M+15.45% QoQ

41.76% margin

Operating income

$12M+28.80% QoQ

1.51% margin

Pre-tax income

$6M+6.48% QoQ

Net income

$1M−79.69% QoQ

0.18% margin

Cost of revenue

$460M+23.44% QoQ

Operating expenses

$318M+15.00% QoQ

SG&A $311M

Other operating $7M

Other expense

$6M

Tax

$5M+471.48% QoQ

Revenue$790M+19.97%

Gross profit

$330M+15.45%

41.76% margin

Operating income

$12M+28.80%

1.51% margin

Pre-tax income

$6M+6.48%

Net income

$1M−79.69%

0.18% margin

Cost of revenue

$460M+23.44%

Operating expenses

$318M+15.00%

SG&A $311M

Other operating $7M

Other expense

$6M

Tax$5M+471.48%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Nov 1 '25 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

CPROF ×1.98· ±5.1% vs ±2.6% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±5.1%5 of 12×1.98

GDPgross domestic product±3.3%7 of 19×1.30

NFPjobs report±3.3%5 of 10×1.29

CPIconsumer prices±2.9%4 of 10×1.12

FOMCrate decision±2.6%9 of 24×1.00

PPIproducer prices±2.6%3 of 10×1.00

PCEpersonal income & outlays±2.5%8 of 19×0.98

Bar = avg |move| to ±6% · tick = ±2.6% avg day · ×base = |move| ÷ ±2.6% · min 6 releases

Earnings history

EPS 0.07 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Dec 9 '25 · confirmed	0.07	—
Q2 FY26	Sep 9 '26 · confirmed	1.71	—
Q1 FY26	Jun 4 '26 · confirmed	0.42	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod