Brown Shoe Q2 Profit Beats View; Lifts FY EPS View - Quick Facts

(RTTNews) - Brown Shoe Co. Inc.'s (BWS) second-quarter 2014 net earnings attributable to the company advanced to $18.1 million or $0.41 per share, from $15.4 million or $0.35 per share, in the prior-year quarter. On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly net sales reached $635.9 million, up 2.3% from last year's $621.7 million. Wall Street expected revenues of $637.68 million for the period.

Looking ahead, to account for its better-than-expected second quarter performance, the firm is increasing its annual guidance range to $1.50 to $1.60, from its prior range of $1.47 to $1.57. However, the company maintained its annual consolidated net sales guidance in a range of $2.58 billion to $2.60 billion. Street currently is looking for fiscal 2014 earnings of $1.56 per share on revenues of $2.58 billion.