Brown Shoe Company, Inc. announced preliminary sales of total net
sales of $625.6 million for the third quarter ended Oct. 31, down 1%
from net sales of $613.7 million in the year-ago period.
Famous Footwear comparable store sales increased 4.7% as compared to
a 5.0% decline in the third quarter of 2008 while Specialty Retail
comparable store sales increased 4.1% as compared to a 6.7% decline in
the third quarter of 2008.
Wholesale sales declined 16.5% in the quarter, in line with the company's previous stated outlook.
The company currently expects third quarter net earnings per diluted
share attributable to Brown Shoe Company, Inc. (hereafter “net earnings
per diluted share”) in the range of 36 cents to 37 cents. Excluding
charges of 4 cents per diluted share related to its information
technology initiatives, the company expects to generate 40 cents to 41
cents per diluted share on an adjusted basis in the quarter.
third quarter of 2008, which included 24 cents per diluted share in
charges related to the company's headquarters consolidation and its
information technology initiatives. The company plans to provide its
fourth quarter outlook when it reports full results for the third
quarter on November 24, 2009.
