Brown Shoe Company Q1 Profit Tops View; Lifts FY15 EPS Outlook - Quick Facts

(RTTNews) - Brown Shoe Company (BWS) reported first-quarter net income to company of $19.3 million or $0.44 per share, compared to $15.4 million or $0.35 per share, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.36 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 1.9% to $602.28 million from $591.16 million last year. Analysts expected revenue of $593.32 million for the quarter. For the quarter, same-store-sales were up 3.1%, with performance driven by continued strength in canvas, residual boot sales and spring sandals.

For 2015, the company raised its earnings per share to a range of $1.84 to $1.94 from its previous range of $1.78 to $1.88 per share. Analysts now expect earnings of $1.88 per share.

The company still expects consolidated net sales in the range of $2.61 billion to $2.63 billion. Analysts expect the company to report 2015 revenue of $2.62 billion.