Business Segment Information

6 Months Ended

Aug. 03, 2024

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 August 3, 2024 and July 29, 2023:

	Famous		Brand		Eliminations
($ thousands)	Footwear		Portfolio		and Other		Total
Thirteen Weeks Ended August 3, 2024
Net sales	$	420,289	$	285,497	$	(22,469)	$	683,317
Intersegment sales (1)		—		22,469		—		22,469
Operating earnings (loss)		34,384		23,620		(15,475)		42,529
Segment assets		965,085		902,340		152,560		2,019,985
Thirteen Weeks Ended July 29, 2023
Net sales	$	414,238	$	300,873	$	(19,578)	$	695,533
Intersegment sales (1)		—		19,578		—		19,578
Operating earnings (loss)		40,630		26,828		(17,755)		49,703
Segment assets		881,483		861,782		160,695		1,903,960
Twenty-Six Weeks Ended August 3, 2024
Net sales	$	769,841	$	602,708	$	(30,034)	$	1,342,515
Intersegment sales (1)		—		30,034		—		30,034
Operating earnings (loss)		51,240		65,045		(30,997)		85,288
Twenty-Six Weeks Ended July 29, 2023
Net sales	$	763,396	$	626,389	$	(31,518)	$	1,358,267
Intersegment sales (1)		—		31,518		—		31,518
Operating earnings (loss)		57,686		69,497		(27,893)		99,290

(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				Twenty-Six Weeks Ended
($ thousands)	August 3, 2024		July 29, 2023		August 3, 2024		July 29, 2023
Operating earnings	$	42,529	$	49,703	$	85,288	$	99,290
Interest expense, net		(3,332)		(5,128)		(7,111)		(10,751)
Other income, net		1,177		1,616		2,169		3,108
Earnings before income taxes	$	40,374	$	46,191	$	80,346	$	91,647