Brown Shoe reports record Q3

23/11/2005

Brown Shoe Company, Inc. has reported a 20% increase in consolidated net sales for the third quarter ended October 29, reaching a record $617,676,000, versus $514,825,000 for the same quarter last year.

Net earnings were $19,772,000 compared with $18,566,000 in the comparable period of 2004.

For the first nine months of fiscal 2005, Brown Shoe's consolidated sales increased 15.5% to a record high of $1,692,439,000, compared with $1,465,314,000 last year. Consolidated net earnings were $27,634,000, down 20.5% compared with $34,760,000 in the same period last year.

Brown Shoe is a $2.3 billion footwear company with global operations. The company operates over 900 Famous Footwear stores; over 350 Naturalizer stores in the USA and Canada; 16 FX LaSalle stores in Canada; and eight Via Spiga stores.