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Article Date: March 2020
Word Count: 271

Famous Footwear Profit Up on Solid Comps


Operating income rose 19% to $6,860,000 from $5,757,000 for the final 13 weeks ended Feb. 1 on a 1% gain in revenue to $369,468,000 from $365,160,000 that included a 5.1% comp store improvement. CAL said the strength was across all categories and geographies with Nike, kids’ and premium brands the standouts. The momentum at retail has carried over to the start of 2020 with no discernible impact from the coronavirus yet, but it did suggest traffic might have slowed in the last few days. While it couldn’t quantify the impact, CAL said there would likely be some slowing because of ... Log in to view full article.

 


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