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Article Date: March 2024
Word Count: 421

Caleres’ Strong Brands Offset Famous Footwear Weakness


Net income was up 37% to $55,808,000 in the fourth quarter from $40,808,000, on sales that inched up to $697,123,000 from $696,434,000, getting an extra $25.0 million from the 53rd week. Famous Footwear sales declined 2% to $396.2 million, comping down 5.9% on a 52-week basis. The 53rd week contributed $18.2 million. Brand Portfolio sales were up 5% to $323.7 million, getting an extra $6.8 million from the 53rd week.

 

Traffic at Famous was down for the quarter, and seasonal products sold poorly, but key athletic brands got a call out for ... Log in to view full article.

 


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