Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

Brown Shoe: Has the Other Shoe Dropped?

Posted on May 21, 2008

Amid persistent consumer headwinds, Brown Shoe (BWS) posted weaker-than-expected 1Q08 results Wednesday morning. Sales of $554M (a decrease of 2.1% y/y) fellshort of expectations, and EPS of $0.05 (after adjusting for officerelocation costs and insurance recoveries) missed the low-end ofguidance by a few pennies. The stock is down a few percentage pointsmidway through Wednesday's trading session.Management painted acautious picture for the rest of the year as well, citing a lack ofcatalysts to drive customer traffic, fewer wholesale reorders, andincreased promotional activity. Full-year sales...

Original article link


earnings , eps , trading