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Caleres Names Interim CFO and Updates Fiscal Outlook

Story Highlights
  • Caleres CFO Jack Calandra will step down in January 2026, with his exit unrelated to any policy or accounting disputes.
  • Veteran finance executive Daniel Karpel becomes interim CFO as Caleres updates its 2025 outlook for Saks Global bankruptcy impacts and possible restructuring charges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Caleres Names Interim CFO and Updates Fiscal Outlook

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Caleres ( (CAL) ) just unveiled an announcement.

On January 15, 2026, Caleres announced that Senior Vice President and Chief Financial Officer Jack P. Calandra will step down as CFO effective that date and leave the company on January 30, 2026; the company emphasized that his departure is not related to any disagreement over its operations, policies, or accounting and financial practices. Effective January 21, 2026, Senior Vice President and Chief Accounting Officer Daniel L. Karpel, a finance executive with more than 30 years of experience and prior tenure at Caleres, was appointed interim Chief Financial Officer and principal financial officer, and on January 21, 2026, the company also updated its fourth-quarter and fiscal 2025 outlook to reflect the potential impact of the Saks Global bankruptcy and possible restructuring charges not previously included in guidance, signaling potential financial and operational adjustments ahead for stakeholders.

The most recent analyst rating on (CAL) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Caleres stock, see the CAL Stock Forecast page.

Spark’s Take on CAL Stock

According to Spark, TipRanks’ AI Analyst, CAL is a Neutral.

Caleres’ stock score is primarily influenced by its strong technical indicators and favorable valuation, despite financial challenges. The company’s low P/E ratio and dividend yield suggest potential undervaluation. However, financial performance issues, particularly in cash flow, and mixed earnings call results temper the overall outlook.

To see Spark’s full report on CAL stock, click here.

More about Caleres

Average Trading Volume: 1,092,740

Technical Sentiment Signal: Sell

Current Market Cap: $457.6M

See more data about CAL stock on TipRanks’ Stock Analysis page.

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