Net income came in at $33,854,000 compared to a $76,976,000 loss in the prior year on sales that were up 19% to $679,280,000 from $570,959,000, helped by a 16% improvement from Famous Footwear to $401,887,000. Stores comped up 15.2% as they lapped a 1.8% decline. Brand Portfolio sales were up 24% to $291,171,000 with store comps up 46.4% against a 28.3% decline. Direct-to-consumer sales across both segments made up 74% of total sales for the quarter.

Gross margin improved 380 b.p. to 43.4%, led by a 48.9% margin at Famous driven by full price selling, partially offset by Brand Portfolio’s 34.0% ... Log in to view full article.