J/K 4/8/99 Financials & BACK (Page 2)
1998 Annual Report abcd Brown Group, Inc. 32% 56% 12% Famous Footwear Division Brown Shoe Company Wholesale Division Naturalizer Retail Division 1998 Financial Highlights For the Fiscal Years Ended January 30, 1999, January 31, 1998 and February 1, 1997 1998 1997* 1996 (Dollars in thousands, except per share data) Operating Results Net sales $1,538,530 $1,567,202 $1,525,052 Net earnings (loss) 23,669 (20,896) 20,315 Per Share of Common Stock Diluted net earnings (loss) 1.32 (1.19) 1.15 Dividends paid .40 .85 1.00 Shareholders’ equity 11.95 11.04 13.19 Financial Position Total assets 655,232 694,988 722,375 Working capital 250,939 260,437 301,020 Shareholders’ equity 217,174 199,190 237,037 Return on beginning shareholders’ equity 11.9% (8.8%) 8.8% Current ratio 2.0:1 1.9:1 2.1:1 *In 1997, includes aftertax restructuring charges and operating losses of $45.6 million related to the Company’s Pagoda International marketing division, and a $1.5 million aftertax loss on the sale of the Famous Fixtures division of Famous Footwear. Going Places Today’s consumers are going places. And they need shoes that can get them there — shoes that reflect their sense of fashion and keep up with the demands of their active lifestyles. Brown Group’s businesses are positioned to offer today’s footwear consumers what they need: comfortable, quality footwear. with relevant styling. in brand names they trust...in the places where they like to shop. This positioning has served us well.
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