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v3.25.1

Business Segment Information | 3 Months Ended
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May 03, 2025
Business Segment Information |
Business Segment Information | Note 6 Business Segment Information Following is a summary of certain key financial measures for the Company’s business segments for the periods ended May 3, 2025 and May 4, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 $7.6 million for the thirteen weeks ended May 3, 2025 and May 4, 2024, respectively.
(2) | Includes compensation and facilities costs associated with the Company’s North America retail stores.
(3) | Primarily includes compensation costs associated with non-retail store operations, depreciation and amortization, and other overhead expenses.
​ The Eliminations and Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments, as well as the elimination of intersegment sales and profit. Following is a reconciliation of operating earnings to earnings before income taxes: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Thirteen Weeks Ended
($ 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
​

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