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Article Date: November 2018
Word Count: 485

Famous Footwear Sales Dip in Q3


Caleres net income declined 15% to $29,153,000 in the third quarter ended Nov. 3 from $34,387,000 last year on revenues of $775,829,000, up slightly from $774,656,000 as gains at the Brand Portfolio offset a 5% decline at Famous Footwear. The bottom line included $5.8 million in net one time charges for the Vionic and Blowfish Malibu acquisitions and reorganization of the men’s brands. Famous sales were $448,765,000, down from $473,118,000, due to a lost week of Back-to-School shopping that was in Q2 this year and Q3 last year. Comps increased 2.8%, accelerating from 2.0% in Aug. to 2.5% in Sep. ... Log in to view full article.

 


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