Overview
- Q4 net sales rose 8.7% to $695.1 million with an adjusted loss of $0.36 per share, topping expectations and sending shares up nearly 18% pre-market.
- Management guided to fiscal 2026 sales growth in the low to mid-single digits and adjusted EPS of $1.35 to $1.65, with Q1 EPS of $0.25 to $0.30.
- Direct-to-consumer represented about 74% of quarterly sales as owned e-commerce grew double digits and lead brands gained market share.
- Brand Portfolio revenue increased 20.3% year over year, or 1.5% excluding Stuart Weitzman, while Famous Footwear sales declined 1.2% with comps up 0.1%.
- Stuart Weitzman integration was completed alongside a $25 million inventory liquidation, with roughly $2 million of remaining costs expected in Q1 and breakeven projected in 2026 as tariff headwinds estimated at about 160 basis points are addressed.