Brown Shoe Reports Q4 EPS of $0.11 vs. $0.15; Revenues $604.5M vs. $618.5M

Brown Shoe Company, Inc. BWS today reported financial results for the fourth quarter and full year ended January 29, 2011.

Net sales for the fourth quarter increased 6.8 percent from the fourth quarter of 2009 to $604.5 million

Fourth quarter net earnings were $3.4 million, or $0.08 per diluted share, compared to net earnings of $5.0 million, or $0.12 per diluted share, in the fourth quarter of 2009. On an adjusted basis, net earnings were $5.0 million, or $0.11 per diluted share, compared to net earnings of $8.1 million, or $0.19 per diluted share in the fourth quarter of 2009.