Restructuring and Other Special Charges	9 Months Ended
Nov. 01, 2025
Restructuring and Other Special Charges
Restructuring and Other Special Charges	Note 6 Restructuring and Other Special Charges Stuart Weitzman Acquisition and Integration Costs As discussed in Note 3 to the condensed consolidated financial statements, on August 4, 2025, the Company completed the previously announced acquisition of Stuart Weitzman from Tapestry, Inc. During the thirteen and thirty-nine weeks ended November 1, 2025, the Company incurred legal, information technology and other related costs associated with the acquisition of approximately $3.8 million ($2.8 million on an after-tax basis, or $0.09 per diluted share) and $6.7 million ($5.0 million on an after-tax basis, or $0.15 per diluted share), respectively. Of the $3.8 million in costs for the thirteen weeks ended November 1, 2025, $3.5 million is reflected in the Eliminations and Other category and $0.3 million is reflected in the Brand Portfolio segment in restructuring and other special charges in the condensed consolidated statement of earnings. Of the $6.7 million in costs for the thirty-nine weeks ended November 1, 2025, $6.4 million is reflected in the Eliminations and Other category and $0.3 million is reflected in the Brand Portfolio segment in restructuring and other special charges in the condensed consolidated statement of earnings. Expense Reduction Initiatives During the second quarter of 2025, the Company announced its plan to reduce selling and administrative expenses through structural changes. During the thirteen and thirty-nine weeks ended November 1, 2025, the Company incurred costs of approximately $2.9 million ($2.1 million on an after-tax basis, or $0.06 per diluted share) and $7.4 million ($5.5 million on an after-tax basis, or $0.16 per diluted share), respectively, for severance and other related costs associated with these expense reduction initiatives. Of the $2.9 million in costs for the thirteen weeks ended November 1, 2025, $1.9 million is reflected in the Eliminations and Other category, $0.8 million is reflected in the Brand Portfolio segment and $0.2 million is reflected in the Famous Footwear segment in restructuring and other special charges in the condensed consolidated statement of earnings. Of the $7.4 million in costs for the thirty-nine weeks ended November 1, 2025, $4.5 million is reflected in the Eliminations and Other category, $2.6 million is reflected in the Brand Portfolio segment and $0.3 million is reflected in the Famous Footwear segment in restructuring and other special charges. Restructuring Costs The Company incurred costs of approximately $1.6 million ($1.2 million on an after-tax basis, or $0.04 per diluted share) during the thirteen and thirty-nine weeks ended November 2, 2024 for restructuring, primarily severance. Of the $1.6 million in costs, $1.1 million is reflected in the Brand Portfolio segment, $0.3 million is reflected within the Eliminations and Other category and $0.2 million is reflected in the Famous Footwear segment.

Restructuring and Other Special Charges

9 Months Ended

Nov. 01, 2025

Restructuring and Other Special Charges

Note 6 Restructuring and Other Special Charges

Stuart Weitzman Acquisition and Integration Costs

As discussed in Note 3 to the condensed consolidated financial statements, on August 4, 2025, the Company completed the previously announced acquisition of Stuart Weitzman from Tapestry, Inc. During the thirteen and thirty-nine weeks ended November 1, 2025, the Company incurred legal, information technology and other related costs associated with the acquisition of approximately $3.8 million ($2.8 million on an after-tax basis, or $0.09 per diluted share) and $6.7 million ($5.0 million on an after-tax basis, or $0.15 per diluted share), respectively. Of the $3.8 million in costs for the thirteen weeks ended November 1, 2025, $3.5 million is reflected in the Eliminations and Other category and $0.3 million is reflected in the Brand Portfolio segment in restructuring and other special charges in the condensed consolidated statement of earnings. Of the $6.7 million in costs for the thirty-nine weeks ended November 1, 2025, $6.4 million is reflected in the Eliminations and Other category and $0.3 million is reflected in the Brand Portfolio segment in restructuring and other special charges in the condensed consolidated statement of earnings.

Expense Reduction Initiatives

During the second quarter of 2025, the Company announced its plan to reduce selling and administrative expenses through structural changes. During the thirteen and thirty-nine weeks ended November 1, 2025, the Company incurred costs of approximately $2.9 million ($2.1 million on an after-tax basis, or $0.06 per diluted share) and $7.4 million ($5.5 million on an after-tax basis, or $0.16 per diluted share), respectively, for severance and other related costs associated with these expense reduction initiatives. Of the $2.9 million in costs for the thirteen weeks ended November 1, 2025, $1.9 million is reflected in the Eliminations and Other category, $0.8 million is reflected in the Brand Portfolio segment and $0.2 million is reflected in the Famous Footwear segment in restructuring and other special charges in the condensed consolidated statement of earnings. Of the $7.4 million in costs for the thirty-nine weeks ended November 1, 2025, $4.5 million is reflected in the Eliminations and Other category, $2.6 million is reflected in the Brand Portfolio segment and $0.3 million is reflected in the Famous Footwear segment in restructuring and other special charges.

Restructuring Costs

The Company incurred costs of approximately $1.6 million ($1.2 million on an after-tax basis, or $0.04 per diluted share) during the thirteen and thirty-nine weeks ended November 2, 2024 for restructuring, primarily severance. Of the $1.6 million in costs, $1.1 million is reflected in the Brand Portfolio segment, $0.3 million is reflected within the Eliminations and Other category and $0.2 million is reflected in the Famous Footwear segment.