v3.26.1
Business Segment Information
6 Months Ended
Aug. 01, 2026
Business Segment Information  
Business Segment Information

Note 7    Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended August 1, 2026 and August 2, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Thirteen Weeks Ended August 1, 2026

​

​

Famous

​

Brand

​

Eliminations

​

​

​

($ thousands)

  ​ ​ ​

Footwear

  ​ ​ ​

Portfolio

  ​ ​ ​

and Other

  ​ ​ ​

Total

Net sales (1)

​

$

374,360

​

$

340,597

​

$

(19,503)

​

$

695,454

Cost of goods sold (2)

​

 

214,552

​

 

117,843

​

 

(17,916)

​

 

314,479

Gross profit

​

​

159,808

​

​

222,754

​

​

(1,587)

​

​

380,975

​

​

 

​

​

​

​

​

​

​

​

​

​

Less expenses:

​

​

​

​

​

​

​

​

​

​

​

​

Retail stores (3)

​

​

94,843

​

​

16,364

​

​

—

​

​

111,207

Information technology

​

 

6,329

​

​

8,720

​

​

1,699

​

​

16,748

Warehousing and distribution

​

 

14,366

​

​

13,480

​

​

664

​

​

28,510

Advertising and marketing

​

​

14,745

​

​

22,116

​

​

175

​

​

37,036

Other expenses (4)

​

 

24,361

​

​

70,826

​

​

14,673

​

​

109,860

Operating earnings (loss)

​

$

5,164

​

$

91,248

​

$

(18,798)

​

$

77,614

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment assets

​

$

931,336

​

$

1,020,370

​

$

184,636

​

$

2,136,342

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Thirteen Weeks Ended August 2, 2025

​

​

Famous

​

Brand

​

Eliminations

​

​

​

($ thousands)

  ​ ​ ​

Footwear

  ​ ​ ​

Portfolio

  ​ ​ ​

and Other

  ​ ​ ​

Total

Net sales (1)

​

$

399,593

​

$

275,620

​

$

(16,694)

​

$

658,519

Cost of goods sold

​

 

224,862

​

​

164,565

​

​

(16,703)

​

 

372,724

Gross profit

​

​

174,731

​

​

111,055

​

​

9

​

​

285,795

​

​

 

​

​

​

​

​

​

​

​

​

​

Less expenses:

​

​

​

​

​

​

​

​

​

​

​

​

Retail stores (3)

​

​

93,923

​

​

7,467

​

​

—

​

​

101,390

Information technology

​

 

7,823

​

​

7,690

​

​

1,229

​

​

16,742

Warehousing and distribution

​

 

15,377

​

​

14,099

​

​

(1,869)

​

​

27,607

Advertising and marketing

​

​

15,150

​

​

17,238

​

​

211

​

​

32,599

Restructuring and other special charges, net

​

 

123

​

​

1,792

​

​

4,841

​

​

6,756

Other expenses (4)

​

 

23,784

​

​

56,120

​

​

11,505

​

​

91,409

Operating earnings (loss)

​

$

18,551

​

$

6,649

​

$

(15,908)

​

$

9,292

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment assets

​

$

941,398

​

$

920,455

​

$

290,375

​

$

2,152,228

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Twenty-Six Weeks Ended August 1, 2026

​

​

Famous

​

Brand

​

Eliminations

​

​

​

($ thousands)

  ​ ​ ​

Footwear

  ​ ​ ​

Portfolio

  ​ ​ ​

and Other

  ​ ​ ​

Total

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

​

Net sales (1)

​

$

693,681

​

$

696,867

​

$

(28,495)

​

$

1,362,053

Cost of goods sold (2)

​

​

393,867

​

 

299,602

​

 

(27,863)

​

 

665,606

Gross profit

​

​

299,814

​

​

397,265

​

​

(632)

​

​

696,447

​

​

​

​

​

​

​

​

​

​

​

​

​

Less expenses:

​

​

​

​

​

​

​

​

​

​

​

​

Retail stores (3)

​

​

185,785

​

​

32,557

​

​

—

​

​

218,342

Information technology

​

​

13,490

​

​

17,401

​

​

2,194

​

​

33,085

Warehousing and distribution

​

​

27,205

​

​

28,394

​

​

(13)

​

​

55,586

Advertising and marketing

​

​

22,630

​

​

49,913

​

​

229

​

​

72,772

Restructuring and other special charges, net

​

 

—

​

​

457

​

​

(2,583)

​

 

(2,126)

Other expenses (4)

​

​

45,977

​

​

138,203

​

​

33,125

​

​

217,305

Operating earnings (loss)

​

$

4,727

​

$

130,340

​

$

(33,584)

​

$

101,483

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment assets

​

$

931,336

​

$

1,020,370

​

$

184,636

​

$

2,136,342

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Twenty-Six Weeks Ended August 2, 2025

​

​

Famous

​

Brand

​

Eliminations

​

​

($ thousands)

  ​ ​ ​

Footwear

  ​ ​ ​

Portfolio

  ​ ​ ​

and Other

  ​ ​ ​

Total

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Net sales (1)

​

$

727,269

​

$

571,015

​

$

(25,544)

​

$

1,272,740

Cost of goods sold

​

​

404,096

​

 

330,674

​

 

(26,519)

​

 

708,251

Gross profit

​

​

323,173

​

​

240,341

​

​

975

​

​

564,489

​

​

​

​

​

​

​

​

​

​

​

​

​

Less expenses:

​

​

​

​

​

​

​

​

​

​

​

​

Retail stores (3)

​

​

183,544

​

​

14,900

​

​

—

​

​

198,444

Information technology

​

​

15,633

​

​

15,334

​

​

2,627

​

​

33,594

Warehousing and distribution

​

​

29,377

​

​

30,259

​

​

(4,949)

​

​

54,687

Advertising and marketing

​

​

23,805

​

​

38,779

​

​

350

​

​

62,934

Restructuring and other special charges, net

​

 

123

​

​

1,792

​

​

5,468

​

 

7,383

Other expenses (4)

​

​

47,166

​

​

115,213

​

​

24,192

​

​

186,571

Operating earnings (loss)

​

$

23,525

​

$

24,064

​

$

(26,713)

​

$

20,876

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment assets

​

$

941,398

​

$

920,455

​

$

290,375

​

$

2,152,228

​

(1)Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $19.5 million and $16.7 million for the thirteen weeks ended August 1, 2026 and August 2, 2025, respectively.  Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $28.5 million and $25.5 million for the twenty-six weeks ended August 1, 2026 and August 2, 2025, respectively.
(2)Cost of goods sold from the Brand Portfolio segment for the thirteen and twenty-six weeks ended August 1, 2026 includes $55.6 million of cost reductions related to tariff refunds.
(3)Includes compensation and facilities costs associated with the Company’s North America retail stores.
(4)Primarily includes compensation costs associated with non-retail store operations, depreciation and amortization, and other overhead expenses.

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The Eliminations and Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments, as well as the elimination of intersegment sales and profit.

Following is a reconciliation of operating earnings to earnings before income taxes:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Thirteen Weeks Ended

​

Twenty-Six Weeks Ended

​

($ thousands)

  ​ ​ ​

August 1, 2026

  ​ ​ ​

August 2, 2025

  ​ ​ ​

August 1, 2026

  ​ ​ ​

August 2, 2025

  ​ ​ ​

Operating earnings

​

$

77,614

​

$

9,292

​

$

101,483

​

$

20,876

​

Interest expense, net

​

 

(4,387)

​

 

(4,497)

​

 

(9,068)

​

 

(8,291)

​

Other income, net (1)

​

 

4,504

​

 

993

​

 

5,670

​

 

1,677

​

Earnings before income taxes

​

$

77,731

​

$

5,788

​

$

98,085

​

$

14,262

​

(1)Other income, net for the thirteen and twenty-six weeks ended August 1, 2026 includes $1.8 million of interest income related to tariff refunds.

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​

​