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Article Date: August 2017
Word Count: 389

Athletic Gains Drive Famous Footwear in Q2 and Back-to-School

Caleres net income slipped 11% to $17,595,000 from $19,768,000 in the second quarter ended Jul. 29 pulled down by a $3.0 million after tax charge for the Allen Edmonds integration, as revenues gained 9% to $676,954,000 from $622,937,000. Famous Footwear sales rose 4% to $404,930,000 from $390,123,000 on a 2.8% same store sales increase that accelerated through the quarter, sending operating income up 11% to $25,112,000 from $22,604,000. Brand Portfolio sales jumped 17% to $272,024,000 from $232,814,000 boosted by AE sales, but operating income dropped 9% to $15,916,000 from $17,463,000 on the integration costs.


Famous Footwear’s athletic footwear sales surged higher ... Log in to view full article.


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