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of Contents](#TABLEOFCONTENTS)\n\n​\n\n​\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**WASHINGTON, D.C. 20549**\n\n**FORM ****10-Q**\n\n(Mark One)\n\n​\n\n☒\n\nQuarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\n\nFor the quarterly period ended  May 2, 2026\n\n \n\n \n\n☐\n\nTransition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934\n\nFor the transition period from  _____________  to  _____________\n\n​\n\n**Commission file number:****1****-2191**\n\n​\n\n**CALERES, INC****.**\n\n(*Exact name of registrant as specified in its charter)*\n\n \n\n \n\n**New York**\n\n**43-0197190**\n\n*(State or other jurisdiction*\n\n*(IRS Employer Identification Number)*\n\n*of incorporation or organization)*\n\n​\n\n​\n\n​\n\n**8300 Maryland Avenue**\n\n**63105**\n\n**St. Louis****,****Missouri**\n\n*(Zip Code)*\n\n*(Address of principal executive offices)*\n\n​\n\n​\n\n​\n\n**(****314****)****854-4000**\n\n*(Registrant’s telephone number, including area code)*\n\n​\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n​\n\n**Title of each class**\n\n**Trading Symbol(s)**\n\n**Name of each exchange on which registered**\n\nCommon Stock - par value of $0.01 per share\n\nCAL\n\nNew York Stock Exchange\n\n​\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  ☑  No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes  ☑   No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,\" and \"emerging growth company” in Rule 12b-2 of the Exchange Act:\n\n​\n\nLarge accelerated filer ☐\n\nAccelerated filer ☑\n\nNon-accelerated filer ☐\n\nSmaller reporting company ☐\n\n \n\nEmerging growth company ☐\n\n​\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\n\nYes  ☐     No ☑\n\nAs of May 29, 2026, 33,589,744 common shares were outstanding.\n\n​\n\n​\n\n​\n\n​\n\n[Table of Contents](#TABLEOFCONTENTS)\n\n​\n\n​\n\n**INDEX**\n\n​\n\n​\n\n​\n\n[**PART I**](#PARTIFI_798848)\n\n**Page**\n\n[Item 1](#ITEM1FINANCIALSTATEMENTS_218609)\n\n[Financial Statements (Unaudited)](#ITEM1FINANCIALSTATEMENTS_218609)\n\n3\n\n​\n\n[Condensed Consolidated Balance Sheets](#Item1BalanceSheet)\n\n3\n\n​\n\n[Condensed Consolidated Statements of Earnings](#Item1StmtofEarnings)\n\n4\n\n​\n\n[Condensed Consolidated Statements of Comprehensive Income](#Item1StmtofComprehensiveInc)\n\n5\n\n​\n\n[Condensed Consolidated Statements of Cash Flows](#Item1StmtofCashFlows)\n\n6\n\n​\n\n[Condensed Consolidated Statements of Shareholders’ Equity](#Item1StmtofShareholdersEquity)\n\n7\n\n​\n\n[Notes to Condensed Consolidated Financial Statements](#Item1NotesToFinancialStatements)\n\n8\n\n[Item 2](#ITEM2MANAGEMENTSDISCUSSION_540030)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ITEM2MANAGEMENTSDISCUSSION_540030)\n\n28\n\n[Item 3](#ITEM3QUANTITATIVEAND_860875)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#ITEM3QUANTITATIVEAND_860875)\n\n37\n\n[Item 4](#ITEM4CONTROLS_415506)\n\n[Controls and Procedures](#ITEM4CONTROLS_415506)\n\n37\n\n \n\n \n\n[**PART II**](#PARTII_916256)\n\n37\n\n[Item 1](#ITEM1LEGALPROCEEDINGS_393316)\n\n[Legal Proceedings](#ITEM1LEGALPROCEEDINGS_393316)\n\n37\n\n[Item 1A](#ITEM1ARISK_697792)\n\n[Risk Factors](#ITEM1ARISK_697792)\n\n38\n\n[Item 2](#ITEM2UNREGISTEREDSALES_64761)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ITEM2UNREGISTEREDSALES_64761)\n\n38\n\n[Item 3](#ITEM3DEFAULTSUPON_96573)\n\n[Defaults Upon Senior Securities](#ITEM3DEFAULTSUPON_96573)\n\n38\n\n[Item 4](#ITEM4MINESAFETYDISCLOSURES_260232)\n\n[Mine Safety Disclosures](#ITEM4MINESAFETYDISCLOSURES_260232)\n\n38\n\n[Item 5](#ITEM5OTHERINFORMATION_482862)\n\n[Other Information](#ITEM5OTHERINFORMATION_482862)\n\n39\n\n[Item 6](#ITEM6EXHIBITS_186997)\n\n[Exhibits](#ITEM6EXHIBITS_186997)\n\n40\n\n[Signature](#SIGNATURE_90874)\n\n41\n\n​\n\n​\n\n​\n\n​\n\n​\n\n2\n\n[Table of Contents](#TABLEOFCONTENTS)\n\n**PART I**FINANCIAL INFORMATION\n\n​"}