Caleres CAL Gift Cards — Increase Decrease In Contract With Customer Liability
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Where this comes from
Reported directly by Caleres in its filing.
Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.
The source filing: Caleres’s 10-K, filed April 2, 2026.
- Filed
- Apr 2, 2026, 5:26 PM EDT
- Fiscal year
- FY2025
- Accession
- 0000014707-26-000053
The Company sells gift cards to its customers in its retail stores, through its e-commerce sites and at other retailers. The Company’s gift cards do not have expiration dates or inactivity fees. The Company recognizes revenue from gift cards when (i) the gift card is redeemed by the consumer or (ii) the likelihood of the gift card being redeemed by the consumer is remote (“gift card breakage”) and the Company determines that it does not have a legal obligation to remit the value of unredeemed gift cards to the relevant jurisdictions. The gift card breakage rate is determined based upon historical redemption patterns. Gift card breakage is recognized during the 24-month period following the sale of the gift card, according to the Company’s historical redemption pattern. Gift card breakage income is included in net sales in the consolidated statements of earnings and the liability established upon the sale of a gift card is included in other accrued expenses within the consolidated balance sheets. The Company recognized gift card breakage of $1.0 million in 2025 and $0.8 million in both 2024 and 2023.
Item 8F. Financial Statements and Supplementary Data
FAQ
- What is Caleres's gift cards — increase decrease in contract with customer liability?
- Caleres (CAL) reported gift cards — increase decrease in contract with customer liability of -$250K in Q4 2025.
- How has Caleres's gift cards — increase decrease in contract with customer liability changed year-over-year?
- Caleres's gift cards — increase decrease in contract with customer liability decreased by 25.0% year-over-year, from -$200K to -$250K.
- What is the long-term trend for Caleres's gift cards — increase decrease in contract with customer liability?
- Over 4 years (2021 to 2025), Caleres's gift cards — increase decrease in contract with customer liability has grown at a 0.0% compound annual growth rate (CAGR), from -$1M to -$1M.
- What does gift cards — increase decrease in contract with customer liability mean?
- This metric represents the net change in deferred revenue obligations arising from gift card sales and redemptions during the reporting period. It reflects the cash flow impact of customers purchasing gift cards versus the recognition of revenue as those cards are redeemed or expire. Monitoring this movement helps investors understand shifts in consumer demand for prepaid products and the timing of revenue realization.
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