v3.25.1
Business Segment Information (Tables)
3 Months Ended
May 03, 2025
Business Segment Information  
Schedule of segment reporting information, by segment

Famous

Brand

Eliminations

($ thousands)

    

Footwear

    

Portfolio

    

and Other

    

Total

Net sales (1)

$

327,676

295,395

(8,850)

$

614,221

Cost of goods sold

 

179,235

166,108

(9,816)

 

335,527

Gross Profit

$

148,441

129,287

966

$

278,694

 

Less expenses:

Retail stores (2)

89,621

7,433

97,054

Information technology

 

7,810

7,644

1,398

16,852

Warehousing and distribution

 

14,000

16,160

(3,080)

27,080

Advertising and marketing

8,655

21,541

139

30,335

Restructuring and other special charges, net

 

627

627

Other expenses (3)

 

23,381

59,094

12,687

95,162

Operating earnings (loss)

$

4,974

$

17,415

$

(10,805)

$

11,584

Segment assets

$

877,642

861,984

168,070

$

1,907,696

Thirteen Weeks Ended May 4, 2024

Famous

Brand

Eliminations

    

Footwear

    

Portfolio

    

and Other

    

Total

Net sales (1)

$

349,553

$

317,211

$

(7,566)

$

659,198

Cost of goods sold

 

188,548

169,399

(7,844)

 

350,103

Gross Profit

$

161,005

147,812

278

$

309,095

 

Less expenses:

Retail stores (2)

87,542

7,477

95,019

Information technology

 

7,784

7,077

1,242

16,103

Warehousing and distribution

 

14,476

14,763

(1,190)

28,049

Advertising and marketing

10,248

24,032

(791)

33,489

Restructuring and other special charges, net

 

Other expenses (3)

 

24,100

53,038

16,539

93,677

Operating earnings (loss)

$

16,855

$

41,425

$

(15,522)

$

42,758

Segment assets

$

868,729

 

827,645

 

164,736

$

1,861,110

(1)Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $8.9 million and $7.6 million for the thirteen weeks ended May 3, 2025 and May 4, 2024, respectively.
(2)Includes compensation and facilities costs associated with the Company’s North America retail stores.
(3)Primarily includes compensation costs associated with non-retail store operations, depreciation and amortization, and other overhead expenses.
Reconciliation of operating earnings to earnings before income taxes

    

Thirteen Weeks Ended

($ thousands)

    

May 3, 2025

    

May 4, 2024

Operating earnings

$

11,584

$

42,758

Interest expense, net

 

(3,795)

 

(3,778)

Other income, net

 

686

 

992

Earnings before income taxes

$

8,475

$

39,972