Brown Shoe Earnings: Everything You Must Know Now

Brown Shoe Co. Inc. (NYSE:BWS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Brown Shoe Co. Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 39.13% to $0.32 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Decreased 6.02% to $588.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Brown Shoe Co. Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.22. It missed the average revenue estimate of $609.05 million.

Quoting Management: “In addition to stronger-than-expected adjusted EPS of $0.32, we reported record first quarter operating profit of $29 million at Famous Footwear, as we saw improved consumer conversion related to our strategic real estate, inventory and omni-channel efforts,” said Diane Sullivan, president and chief executive officer of Brown Shoe Company. “At wholesale, we refined our portfolio, with the recent sale of Avia and Nevados, and we intend to use the related proceeds in our 2013 debt reduction efforts. In the first quarter, prior to the divestiture, we reduced our short-term borrowings by $39 million.”

Key Stats (on next page)…

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