Brown Shoe (BWS) Tops Q1 EPS by 8c; Raises FY Outlook

Brown Shoe (NYSE: BWS) reported Q1 EPS of $0.44, $0.08 better than the analyst estimate of $0.36. Revenue for the quarter came in at $602.3 million versus the consensus estimate of $593.34 million.

Brown Shoe raised FY2015 EPS to $1.84-$1.94, versus the consensus of $1.88.

“First quarter exceeded our expectations virtually across the board – including sales, margin and earnings — despite a late start to spring and caution around potential west coast port delays,” said Diane Sullivan, CEO, president and chairman of Brown Shoe Company. “We’re pleased with our first quarter results, which were achieved thanks to strong sales from our Brand Portfolio and exceptional gross margin and operating margin gains at Famous Footwear combined with better than expected same-store-sales.”

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

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