Brown Shoe (BWS) Updates on Sales; Guides Q1 Sales

Brown Shoe Company, Inc. (NYSE: BWS) reports sales of $426 million for the nine-week period ended April 2, 2011, a 2.1 percent jump year-over-year.

Famous Footwear net sales decreased 8.1 percent in the period, driven by a same-store sales decrease of 7.0 percent. Net sales in the Wholesale division increased 23.6 percent to $155 million. Net sales in the Specialty Retail division decreased 1.0 percent during the period, with flat same-store sales.

For Q111, the Company now expects consolidated net sales of $619 to $634 million, versus the consensus of $633.36 million.

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