Brown Shoe's Q4 falls short

Investor's Business Daily

The operator of Famous Footwear and other shoe retailers reported flat Q4 EPS of 14 cents, beating views by 4 cents. Revenue fell 6% to $599.96 mil, under views for $621.15 mil. The frigid winter in the Midwest and Northeast hurt running-shoe sales but helped lift boot sales. Brown Shoe (BWS) same-store sales fell 1.8%. The company sees '14 EPS of $1.45-$1.55, below analyst estimates for $1.61. Shares rose 3.8% to 26.36.

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