Brown Shoe Company (BWS) Reports Q2 Loss; Guides Slightly Below for FY Revenues
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Brown Shoe Company, Inc. (NYSE: BWS) reports a Q2 loss of $0.10 vs. consensus for a loss of $0.07. Revenues were $511.6 million vs. $539.27 million consensus.
(Net loss attributable to Brown was $4.2 million, or $0.10 per diluted share, inclusive of charges related to its information technology initiatives of $1.3 million, or $0.03 per diluted share)
Sees FY Consolidated net sales in the range of $2.18 billion to $2.20 billion vs. consensus of $2.22B.
Famous Footwear same-store sales are expected to decline in the low- to mid-single digit range in the back half of 2009.
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