St. Louis, Missouri based Brown Shoe Company, Inc (NYSE:BWS) recently posted fourth quarter 2010 adjusted earnings of 11 cents, missing the Zacks Consensus Estimate of 15 cents as well as the year ago quarter earnings of 19 cents. The lower than expected results were attributed to the disappointing performance of wholesale division and margin contraction.
Footwear retailer and wholesaler, Brown Shoe reported that net sales in the quarter climbed aOlernKienOP
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The company full year adjusted earnings per share were 97 cents versus 40 cents in fiscal 2009. Revenues were $2.5 billion in fiscal aOlernKienOP
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Segment wise, Famous Footwear sales climbed 3.7% to $355.5 million in the fourth quarter, aOlernKienOP
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During the quarter, gross margin aOlernKienOP
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Our Take
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