Business Segment Information (Tables)

9 Months Ended

Nov. 01, 2025

Business Segment Information

Schedule of segment reporting information, by segment

	Thirteen Weeks Ended November 1, 2025
		Famous		Brand		Eliminations
($ thousands)		Footwear		Portfolio		and Other		Total
Net sales (1)		$	418,751	$	383,711	$	(12,411)	$	790,051
Cost of goods sold			244,442		228,992		(13,332)		460,102
Gross Profit			174,309		154,719		921		329,949
Less expenses:
Retail stores (2)			94,754		16,815		—		111,569
Information technology			7,828		7,655		402		15,885
Warehousing and distribution			10,867		14,712		2,228		27,807
Advertising and marketing			15,466		30,463		9		45,938
Restructuring and other special charges, net			151		1,183		5,371		6,705
Other expenses (3)			24,520		72,775		12,782		110,077
Operating earnings (loss)		$	20,723	$	11,116	$	(19,871)	$	11,968
Segment assets		$	875,233	$	1,031,345	$	172,344	$	2,078,922

	Thirteen Weeks Ended November 2, 2024
		Famous		Brand		Eliminations
		Footwear		Portfolio		and Other		Total
Net sales (1)		$	428,264	$	322,936	$	(10,259)	$	740,941
Cost of goods sold			244,439		181,377		(11,835)		413,981
Gross Profit			183,825		141,559		1,576		326,960
Less expenses:
Retail stores (2)			93,722		8,148		—		101,870
Information technology			7,702		6,893		2,716		17,311
Warehousing and distribution			11,977		15,034		1,250		28,261
Advertising and marketing			16,154		22,871		(77)		38,948
Restructuring and other special charges, net			193		1,093		307		1,593
Other expenses (3)			24,509		53,468		4,302		82,279
Operating earnings (loss)		$	29,568	$	34,052	$	(6,922)	$	56,698
Segment assets		$	907,461	$	882,054	$	166,424	$	1,955,939

	Thirty-Nine Weeks Ended November 1, 2025
		Famous		Brand		Eliminations
($ thousands)		Footwear		Portfolio		and Other		Total
Net sales (1)		$	1,146,020	$	954,726	$	(37,955)	$	2,062,791
Cost of goods sold			648,539		559,666		(39,852)		1,168,353
Gross profit			497,481		395,060		1,897		894,438
Less expenses:
Retail stores (2)			278,298		31,715		—		310,013
Information technology			23,461		22,989		3,029		49,479
Warehousing and distribution			40,244		44,971		(2,721)		82,494
Advertising and marketing			39,271		69,242		359		108,872
Restructuring and other special charges, net			273		2,976		10,839		14,088
Other expenses (3)			71,686		187,987		36,975		296,648
Operating earnings (loss)		$	44,248	$	35,180	$	(46,584)	$	32,844

	Thirty-Nine Weeks Ended November 2, 2024
		Famous		Brand		Eliminations
($ thousands)		Footwear		Portfolio		and Other		Total
Net sales (1)		$	1,198,105	$	925,644	$	(40,293)	$	2,083,456
Cost of goods sold			663,939		514,389		(41,806)		1,136,522
Gross profit			534,166		411,255		1,513		946,934
Less expenses:
Retail stores (2)			274,337		23,472		—		297,809
Information technology			23,187		20,890		5,603		49,680
Warehousing and distribution			42,122		42,448		682		85,252
Advertising and marketing			40,628		65,498		(1,738)		104,388
Restructuring and other special charges, net			193		1,092		308		1,593
Other expenses (3)			72,891		158,758		34,577		266,226
Operating earnings (loss)		$	80,808	$	99,097	$	(37,919)	$	141,986

(1) Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $12.4 million and $10.3 million for the thirteen weeks ended November 1, 2025 and November 2, 2024, respectively.  Net sales includes intersegment sales from Brand Portfolio to Famous Footwear of $38.0 million and $40.3 million for the thirty-nine weeks ended November 1, 2025 and November 2, 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				Thirty-Nine Weeks Ended
($ thousands)	November 1, 2025		November 2, 2024		November 1, 2025		November 2, 2024
Operating earnings	$	11,968	$	56,698	$	32,844	$	141,986
Interest expense, net		(5,495)		(2,914)		(13,786)		(10,025)
Other (expense) income, net		(310)		34		1,367		2,202
Earnings before income taxes	$	6,163	$	53,818	$	20,425	$	134,163