Brown Shoe (BWS) Tops Q3 EPS by 7c; Boosts FY14 EPS Outlook

Brown Shoe (NYSE: BWS) reported Q3 EPS of $0.75, $0.07 better than the analyst estimate of $0.68. Revenue for the quarter came in at $729.3 million versus the consensus estimate of $725.9 million.

Famous Footwear comps rose 1.6 percent.

“Wholesale overachieved again, with sales up 18.2% in third quarter, and both Healthy Living and Contemporary Fashion contributed strong double-digit sales improvement. At Famous Footwear, our focus on big ideas for back-to-school continued to deliver. Same-store-sales were up 1.6%, for the 10 weeks that make up this key selling season,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “Although our biggest quarter of the year is past, with nine strong months behind us -- and an easier comp ahead of us for the fourth quarter -- we expect to deliver a strong 2014.”

Brown Shoe sees FY2014 EPS of $1.65-$1.69, versus the consensus of $1.58. Brown Shoe sees FY2014 revenue of $2.58-2.59 billion, versus the consensus of $2.58 billion.

For earnings history and earnings-related data on Brown Shoe (BWS) click here.

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