Business Segment Information (Tables)

6 Months Ended

Aug. 02, 2025

Business Segment Information

Schedule of segment reporting information, by segment

	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 (2)			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 (3)			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

	Thirteen Weeks Ended August 3, 2024
		Famous		Brand		Eliminations
		Footwear		Portfolio		and Other		Total
Net sales (1)		$	420,289	$	285,497	$	(22,469)	$	683,317
Cost of goods sold			230,952		163,614		(22,127)		372,439
Gross Profit		$	189,337		121,883		(342)	$	310,878
Less expenses:
Retail stores (2)			93,073		7,847		—		100,920
Information technology			7,701		6,920		1,645		16,266
Warehousing and distribution			15,669		12,651		622		28,942
Advertising and marketing			14,226		18,595		(870)		31,951
Other expenses (3)			24,284		52,250		13,736		90,270
Operating earnings (loss)		$	34,384	$	23,620	$	(15,475)	$	42,529
Segment assets		$	965,085		902,340		152,560	$	2,019,985

	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 (2)			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 (3)			47,166		115,213		24,192		186,571
Operating earnings (loss)		$	23,525	$	24,064	$	(26,713)	$	20,876

	Twenty-Six Weeks Ended August 3, 2024
		Famous		Brand		Eliminations
($ thousands)		Footwear		Portfolio		and Other		Total
Net sales (1)		$	769,841	$	602,708	$	(30,034)	$	1,342,515
Cost of goods sold			419,499		333,013		(29,970)		722,542
Gross profit			350,342		269,695		(64)		619,973
Less expenses:
Retail stores (2)			180,615		15,324		—		195,939
Information technology			15,485		13,997		2,887		32,369
Warehousing and distribution			30,145		27,414		(568)		56,991
Advertising and marketing			24,474		42,627		(1,661)		65,440
Other expenses (3)			48,383		105,288		30,275		183,946
Operating earnings (loss)		$	51,240	$	65,045	$	(30,997)	$	85,288

(1) Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $16.7 million and $22.5 million for the thirteen weeks ended August 2, 2025 and August 3, 2024, respectively.  Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $25.5 million and $30.0 million for the twenty-six weeks ended August 2, 2025 and August 3, 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.

Reconciliation of operating earnings to earnings before income taxes

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Operating earnings	$	9,292	$	42,529	$	20,876	$	85,288
Interest expense, net		(4,497)		(3,332)		(8,291)		(7,111)
Other income, net		993		1,177		1,677		2,169
Earnings before income taxes	$	5,788	$	40,374	$	14,262	$	80,346