Business Segment Information

3 Months Ended

May 04, 2024

Business Segment Information

Business Segment Information

Note 5    Business Segment Information

Following is a summary of certain key financial measures for the Company’s business segments for the periods ended May 4, 2024 and April 29, 2023:

	Famous		Brand		Eliminations
($ thousands)	Footwear		Portfolio		and Other		Total
Thirteen Weeks Ended May 4, 2024
Net sales	$	349,553	$	317,211	$	(7,566)	$	659,198
Intersegment sales (1)		—		7,566		—		7,566
Operating earnings (loss)		16,855		41,425		(15,522)		42,758
Segment assets		868,729		827,645		164,736		1,861,110
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

(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)	May 4, 2024		April 29, 2023
Operating earnings	$	42,758	$	49,587
Interest expense, net		(3,778)		(5,623)
Other income, net		992		1,492
Earnings before income taxes	$	39,972	$	45,456