Famous Footwear 2013 Annual Report Download - page 95

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Copyright © 2014 Brown Shoe Company. All rights reserved. Design: Joann Bittel, Kansas City, Missouri
Mario L. Baeza (2)
Founder and controlling shareholder
of Baeza & Co. and founder and
Executive Chairman of V-Me Media Inc.
W. Lee Capps (2)
Former Chief Operating Officer
and Chief Financial Officer
of Kellwood Company
Ronald A. Fromm (1)
Former Chairman of the Board
of Brown Shoe Company Inc.
Mahendra Gupta, Ph.D. (2)
Dean of Olin Business School
at Washington University in St. Louis
Carla Hendra (3)
Global Chairman of OgilvyRED,
Ogilvy & Mather Worldwide
Ward M. Klein (4, 5)
Chief Executive Officer
of Energizer Holdings Inc.
CORPORATE Information
CORPORATE OFFICES
Brown Shoe Company
8300 Maryland Ave.
St. Louis, MO 63105
314.854.4000 or brownshoe.com
TRANSFER AGENT
Computershare
P.O. Box 30170
College Station, TX 77842-3170
866.865.6319
computershare.com/investor
(1) Chairman of executive committee
(2) Member of audit committee
(3) Member of governance and nominating committee
(4) Member of executive committee
(5) Chairman of governance and nominating committee
(6) Member of compensation committee
(7) Chairman of compensation committee
(8) Chairman of audit committee and financial expert
BOARD OF DIRECTORSEXECUTIVE MANAGEMENT
Diane M. Sullivan
CEO, President and
Chairman of the Board
Richard M. Ausick
Division President
- Retail
Sam Edelman
Division President
- Sam Edelman
Daniel R. Friedman
Division President
- Global Supply Chain
Russell C. Hammer
Senior Vice President and
Chief Financial Officer
Douglas W. Koch
Senior Vice President and
Chief Talent and Strategy Officer
John R. Mazurk
Division President
- Healthy Living Brands
Michael I. Oberlander
Senior Vice President,
General Counsel and
Corporate Secretary
John W. Schmidt
Division President
- Contemporary Fashion Brands
Mark A. Schmitt
Senior Vice President,
Chief Information Officer,
Logistics & Customer Care
FINANCIAL
Highlights
2013
(in millions, except per share data) 2013 2012 2011 2010 2009
Consolidated net sales . . . . . . . . . . . . . $ 2,513.1 $ 2,477.8 $ 2,434.8 $ 2,457.7 $ 2,208.4
Famous Footwear . . . . . . . . . . . . . . 1,527.5 1,514.3 1,456.3 1,486.5 1,363.6
Wholesale Operations. . . . . . . . . . . . 763.7 724.9 722.8 708.0 598.2
Specialty Retail . . . . . . . . . . . . . . . 221.9 238.5 255.6 263.2 246.6
Gross profit . . . . . . . . . . . . . . . . . . . $ 1,014.3 $ 988.6 $ 964.5 $ 995.3 $ 897.1
Margin . . . . . . . . . . . . . . . . . . . . 40.4% 39.9% 39.6% 40.5% 40.6%
SG&A expenses . . . . . . . . . . . . . . . . . $ 909.7 $ 891.7 $ 910.3 $ 918.0 $ 854.3
Percent of net sales . . . . . . . . . . . . . 36.2% 36.0% 37.4% 37.4% 38.7%
Operating earnings . . . . . . . . . . . . . . $ 98.6 $ 74.5 $ 30.5 $ 69.3 $ 30.9
Percent of net sales . . . . . . . . . . . . . 3.9% 3.0% 1.2% 2.8% 1.4%
Net earnings . . . . . . . . . . . . . . . . . . $ 38.1 $ 27.5 $ 24.6 $ 37.2 $ 9.5
Per share, diluted . . . . . . . . . . . . . . $ 0.88 $ 0.64 $ 0.56 $ 0.85 $ 0.22
Adjusted per share, diluted* . . . . . . . . $ 1.41 $ 1.13 $ 0.70 $ 0.97 $ 0.40
* Non-GAAP financial measure
Steven W. Korn (2)
Former President and Chief Executive Officer
of Radio Free Europe/Radio Liberty Inc. and
Former Vice Chairman and Chief Operating Officer of CNN
Patricia G. McGinnis (6)
Professor of Practice at George Washington University,
Trachtenberg School of Public Policy and Public Administration
W. Patrick McGinnis (4, 7)
President and Chief Executive Officer
of Nestlé Purina PetCare Company
Michael F. Neidor (6)
Chairman, President and Chief Executive Officer
of Centene Corporation
Diane M. Sullivan (4)
Hal J. Upbin (4, 8)
Chairman Emeritus of the Board of Directors
of Kellwood Company
Harold B. Wright (3)
Former Partner of Heidrick and Struggles
INVESTOR RELATIONS
Peggy Reilly Tharp
Vice President, Investor Relations
314.854.4134 or info@brownshoe.com
INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
Ernst & Young LLP
COMMON STOCK
Brown Shoe Company is traded
on NYSE under the symbol BWS