Famous Footwear 2012 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2012 Famous Footwear annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

FINANCIAL HIGHLIGHTS
(in millions, except per share data) 2012 2011 2010 2009 2008
Consolidated net sales . . . . . . . . . . . $ 2,598.1 $2,582.8 $ 2,504.1 $ 2,242.0 $ 2,276.4
Famous Footwear . . . . . . . . . . . 1,514.3 1,456.3 1,486.5 1,363.6 1,320.0
Wholesale Operations . . . . . . . . . 845.2 870.9 754.4 631.8 703.8
Specialty Retail . . . . . . . . . . . . . 238.5 255.6 263.2 246.6 252.5
Gross profit . . . . . . . . . . . . . . . . . . $ 1 ,0 1 0.4 $ 996.6 $ 1,003.6 $ 903.1 $ 882.2
Margin . . . . . . . . . . . . . . . . . . 38.9% 38.6% 40.1 % 40.3% 38.8%
SG&A expenses . . . . . . . . . . . . . . . $ 919.0 $ 937.3 $ 923.0 $ 859.7 $ 851.8
Percent of net sales . . . . . . . . . . . 35.4% 36.3% 36.9% 38.4% 37.4%
Operating earnings (loss) . . . . . . . . . $ 61.6 $ 35.6 $ 72.7 $ 31.5 ($ 173.3)
Percent of net sales . . . . . . . . . . . 2.4% 1.4% 2.9% 1.4% - 7.6%
Net earnings (loss) . . . . . . . . . . . . . $ 27.5 $ 24.6 $ 37.2 $ 9.5 ($ 133.2)
Per share, diluted . . . . . . . . . . . . 0.64 0.56 0.85 0.22 (3.21)
Adjusted per share, diluted* . . . . . . 1.13 0.70 0.97 0.40 0.47
* Non-GAAP financial measure
ABOUT US
GLOBAL
$2.6
BILLION
REVENUE
BROWN SHOE COMPANY IS A $2.6 BILLION, GLOBAL
FOOTWEAR COMPANY WHOSE SHOES ARE WORN
BY PEOPLE OF ALL AGES, FROM ALL WALKS OF LIFE.
THROUGH OUR BROAD RANGE OF PRODUCTS, WE SERVE
THREE KEY MARKET SEGMENTS WITH OUR FAMILY,
HEALTHY LIVING AND CONTEMPORARY FASHION BRANDS.
At Famous Footwear, we provide consumers with a dierentiated family footwear concept. Across the country,
the Famous Footwear name is recognized as a distinctive and valued brand by consumers, for oering a unique
and powerful proposition — an edited assortment of popular brands in an easy to shop experience — not easily
replicated by competitors.
Our Healthy Living brands — Naturalizer, Dr. Scholl’s Shoes, LifeStride, Avia and Ryka — and our Contemporary
Fashion brands — Via Spiga, Vince, Vera Wang, Sam Edelman, Franco Sarto, Carlos Santana and Fergie Footwear
— are part of our compelling portfolio of wholesale demand brands. These are authentic brands that connect
deeply with our target consumers on an emotional level.
Our engaged and empowered workforce means we have highly productive and motivated employees who not
only share a vision of the company’s strategies and direction, but also have a feeling of personal responsibility
for ensuring its outcome. Together, we operate under an ecient and cost-eective infrastructure, with
functional systems, processes and people that eectively support the growth and profitability of our business.
Combined, this is just part of what helps us to inspire people to feel good and live better... feet first!
COMPELLING
AUTHENTIC
DIFFERENTIATED
POWERFUL