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SECOND QUARTER 2026 SEPTEMBER 9, 2026
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SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation contains certain forward-looking statements and expectations regarding the company’s future performance and the performance of its brands. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include (i) changes in United States and international trade policies, including tariffs and trade restrictions; (ii) changing consumer demands, which may be influenced by general economic conditions and other factors; (iii) inflationary pressures and supply chain disruptions; (iv) rapidly changing consumer preferences and purchasing patterns and fashion trends; (v) supplier concentration, customer concentration and increased consolidation in the retail industry; (vi) intense competition within the footwear industry; (vii) foreign currency fluctuations; (viii) political and economic conditions or other threats to the continued and uninterrupted flow of inventory from China and other countries, where the company relies heavily on third-party manufacturing facilities for a significant amount of its inventory; (ix) transitional challenges with acquisitions and divestitures; (x) cybersecurity threats or other major disruption to the company’s information technology; (xi) the ability to accurately forecast sales and manage inventory levels; (xii) a disruption in the company’s distribution centers; (xiii) the ability to recruit and retain senior management and other key associates; (xiv) the ability to secure/exit leases on favorable terms; (xv) changes to tax laws, policies and treaties; (xvi) our commitments and shareholder expectations related to responsible business initiatives; (xvii) compliance with applicable laws and standards with respect to labor, trade and product safety issues; and (xviii) the ability to attract, retain, and maintain good relationships with licensors and protect our intellectual property rights. The company's reports to the Securities and Exchange Commission contain detailed information relating to such factors, including, without limitation, the information under the caption Risk Factors in Item 1A of the company’s Annual Report on Form 10-K for the year ended January 31, 2026, which information is incorporated by reference herein and updated by the company’s Quarterly Reports on Form 10-Q. The company does not undertake any obligation or plan to update these forward-looking statements, even though its situation may change.
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$2.85B TTM Revenue 51% TTM Brand Portfolio Sales Penetration ~10,000 Employees 71% Direct-to-Consumer 60+ Countries ~1,000 Stores
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REPLACE
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ADJUSTED EARNINGS PER SHARE* inMillionsof$ SALES %ofNetSales ADJUSTED OPERATING MARGIN* inMillionsof$ INVENTORY 2Q23 2Q262Q24 2Q25 2Q23 2Q262Q24 2Q25 2Q23 2Q262Q24 2Q25 2Q23 2Q262Q24 2Q25 $696 $683 $659 $695 7.4% 6.2% 2.4% 3.2% $0.98 $0.85 $0.35 $0.47 2Q26 BY THE NUMBERS * See Appendix for reconciliation tables $661 $661 $693 $754
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$ 695 M +5.6% vs 2Q25 SALES 46.8 % +340 bps vs 2Q25, excluding tariff refunds vs 2Q25, and down 1.2% organically + 8.8 % $ 0. 47 +$0.12 vs 2Q25, beating both consensus and guidance ADJUSTED EPS* $ 22 M 3.2% of sales — +70 bps vs 2Q25 + 0.1 % In Total Footwear vs 2Q25, with meaningful growth in Women’s Fashion Footwear 2Q26 HIGHLIGHTS * See Appendix for reconciliation tables ** Source: Circana, LLC, Retail Tracking Service, US, Total Footwear, Dollar Share; 3ME July 2026 vs. 3ME July 2025 INVENTORYADJUSTED OPERATING EARNINGS* MARKET SHARE** ADJUSTED GROSS MARGIN*
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** Source: Circana, LLC, Retail Tracking Service, US, Total Footwear and Women’s Fashion Footwear, Dollar Share, 3ME July 202 6 vs. 3ME July 2025 $ 341 M SALE S +23.6% vs 2Q25 and +8.2% on an organic basis 10.5 % ADJUSTED OPERATING MARGIN* +740 bps vs 2Q25, exceeding expectations MARKET SHARE** + 0.7 % In Women’s Fashion Footwear vs 2Q25 and +0.2% in Total Footwear INVENTORY +17.2% vs 2Q25, and down 5.6% on an organic basis BRAND PORTFOLIO 2Q26 HIGHLIGHTS $ 3 5 6 M ADJUSTED GROSS MARGIN* 49.1 % +880 bps vs 2Q25 INTERNATIONAL SALES + 5 7 % vs 2Q25 and +18.2% on an organic basis * See Appendix for reconciliation tables
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$ 374 M SALES Down 6.3% vs 2Q25, with comparable sales down 5.9% 42.7 % GROSS MARGIN Down 100 bps vs 2Q25 +0.4 % SG&A 41.3 % Deleveraged 220 bps vs 2Q25 KIDS MARKET SHARE* FAMOUS FOOTWEAR 2Q26 HIGHLIGHTS In Shoe Chains and flat to Total Footwear vs 2Q25, with strong gains from Nike, Crocs, Skechers, and Vans. BRAND TAKEOVERS Exclusive, high-impact floor takeovers driving outperformance to total company sales trends in takeover periods. 4 of 4 Premium product sales vs 2Q25, with penetration +430 basis points ELEVATE -AND -EDIT STRATEGY * Source: Circana, LLC, Retail Tracking Service, US, Total/Kids Footwear, Shoe Chains, Retailer Dollar Share, 3ME July 2026 vs. 3ME July 2025 +21.7 %
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OUTLOOK THIRD QUARTER Net Sales Up low -single digits Gross Margin Up 150 to 200 bps Tax Rate 23% to 25% GAAP EPS $0.62 to $0.70 FULL YEAR Net Sales Up low-to-mid-single digits Gross Margin Up 180 to 220 bps Interest Expense $16 to $17 million Tax Rate 24% to 26% GAAP EPS $2.80 to $2.95 Adjusted EPS $1.50 to $1.65 Capital Expenditures $50 to $55 million
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10 APPENDIX
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