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Article Date: March 2016
Word Count: 501

Famous Footwear Chooses Margin Over Sales in Q4


Famous Footwear parent Caleres saw net income fall 30% to $11,410,000 from $16,244,000 in the fourth quarter ended Jan. 30 as sales slid 1% lower to $608,674,000 from $615,393,000 but increased slightly excluding the shoes.com divestiture. Famous comps edged 0.8% higher in Q4 this year against a 4.0% gain last year as operating earnings fell 8% to $13,762,000 from $14,923,000 on sales that were down 2% to $360,596,000 vs. $369,378,000. Q4 got off to a bad start with Nov. down 2% on unseasonably warm weather, but Dec. swung to a +2% comp and Jan. continued at +2%. Q1 comps to-date ... Log in to view full article.

 


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