Business Segment Information

3 Months Ended

Apr. 29, 2023

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 April 29, 2023 and April 30, 2022:

	Famous		Brand		Eliminations
($ thousands)	Footwear		Portfolio		and Other		Total
Thirteen Weeks Ended April 29, 2023
Net sales	$	349,158	$	325,516	$	(11,940)	$	662,734
Intersegment sales (1)		—		11,940		—		11,940
Operating earnings (loss)		17,056		42,669		(10,138)		49,587
Segment assets		830,994		844,263		142,826		1,818,083
Thirteen Weeks Ended April 30, 2022
Net sales	$	384,502	$	365,740	$	(15,126)	$	735,116
Intersegment sales (1)		—		15,126		—		15,126
Operating earnings (loss)		49,688		41,349		(24,842)		66,195
Segment assets		790,778		987,397		150,123		1,928,298

(1) Included in net sales in the Brand Portfolio segment and eliminated in the Eliminations and Other category.

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)	April 29, 2023		April 30, 2022
Operating earnings	$	49,587	$	66,195
Interest expense, net		(5,623)		(2,299)
Other income, net		1,492		3,422
Earnings before income taxes	$	45,456	$	67,318